Compass Minerals Reports First Quarter Earnings
Compass Minerals reported first-quarter net earnings of $21.5 million, or $0.63 per diluted share, compared to $49.7 million, or $1.46 per diluted share, in the first quarter of 2016.
“While mild winter weather and increased salt cost created challenging conditions for our salt business in the first quarter, I am pleased with the results our plant nutrition business has produced,” said Fran Malecha, Compass Minerals’ president and CEO. “We will continue to work diligently across our organization to reduce costs where possible to offset the impact of two consecutive mild winters. In addition, our plant nutrition business is poised for growth, and we are laser-focused on driving increased value from our expanded assets in North and South America.”
The complete press release and related material can be found here.