Compass Minerals posted solid fourth-quarter and full-year 2016 earnings driven by the resilient performance of the salt business and the contribution of the Brazilian specialty plant nutrition company, Produquímica, which was acquired on October 3, 2016. The company also benefited in the fourth quarter from improved demand for its sulfate of potash products in North America.
In one week, the Winsford site, along with the Cheshire Wildlife Trust, planted 1,400 trees around the site.
The Board of Directors of Compass Minerals approved a 3.6 percent increase in the quarterly dividend for 2017 to $0.72 per share. This increase is effective with the company’s dividend payable March 15, 2017, to shareholders of record as of the close of business on March 1, 2017.
Valdemar L. Fischer has been elected to the Board of Directors of Compass Minerals. With over 30 years of experience in agribusiness, including in Latin America, he will be an important asset to the Board given the company’s recent acquisition of Produquímica.
In December, volunteers from Compass Minerals’ Ogden site delivered and assembled food baskets for Ogden’s Catholic Community Services (CCS) Joyce Hansen Hall Food Bank. More than 20 Compass Minerals volunteers unloaded the $28,000 worth of goods and assembled baskets for more than 1,600 Utah families.
Compass Minerals’ Cote Blanche mine continued its annual Charity Day, contributing money for every ton of salt mined.
Above-average winter weather in Compass Minerals’ primary North American service areas lifted fourth-quarter 2016 salt sales volumes above prior-year results.
Eleven representative cities in the company’s primary North American highway deicing service area reported 50 snow events during the period, compared to 17 in the fourth quarter of 2015 and the 10-year average of 42.2 events.
“I am very encouraged by the strength of our salt sales results this quarter, which are at the upper end of our guidance range,” said Fran Malecha, Compass Minerals’ president and CEO. “If average snow events in our markets continue throughout the remainder of winter, we would expect improved market conditions for the highway deicing industry in 2017.”
Click here to view the press release and related data sheet.
Compass Minerals employees collected 162 kilograms of food, or 12 boxes, to donate to a food bank in Winsford, Cheshire. The Mid Cheshire Foodbank, supported by the Trussell Trust, provides three days of emergency food and support to people experiencing crisis in Cheshire.
Compass Minerals donated $12,000 to a unique school-based water quality education curriculum, T.R.U.E. Blue (Teaching Rivers in an Urban Environment), a program established and facilitated by Blue River Watershed Association (BRWA).
Ryan Bartlett, Ph.D., has joined Compass Minerals as vice president, innovation and product development. Dr. Bartlett will be responsible for building a world-class research and development (R&D) team for the company’s plant nutrition division, anchoring its operations in a new North America “Center of Excellence” research facility near the company’s headquarters in Overland Park.
“Dr. Bartlett’s disciplined approach to product development and advancing scientific projects will be of exceptional benefit to Compass Minerals,” said Brad Griffith, senior vice president, plant nutrition. “Ryan’s background in agriculture and product development will allow us to maximize our newly expanded portfolio to create value for our farmer-customers.”
Dr. Bartlett comes to Compass Minerals from Monsanto Company, where he spent nine years. In his most recent position as Global Technology Development Innovation Lead, he was responsible for the development of global commercial field testing and innovation strategy, including the assessment of new technology from third parties.
Dr. Bartlett also led the evolution of the Monsanto field testing network to meet the needs of a more diversified product pipeline and provided strategic leadership for growth platforms such as biologicals and precision agriculture. Prior to this position, Ryan led global technology development for seed-applied solutions, global corn emerging technology and U.S. product development for specialty crops.
“We expect our commitment to innovation will generate interest from potential collaborators who can further advance our capabilities in plant nutrition,” Griffith added. “Further, we believe that Ryan’s demonstrated technical capabilities and his experience as a farmer and rancher will keep our developmental efforts better aligned with the needs of our customers,” Griffith added.
Dr. Bartlett earned a doctorate in biochemistry and a Bachelors of Science in genetics from the University of Kansas.
Compass Minerals has released the 2015 Sustainability Update Report. This report provides an update on the company’s environmental and social responsibility performance using the Global Reporting Initiative methodology adopted last year as the framework for sustainability reporting efforts.
Compass Minerals announced today that its chief financial officer, Matthew Foulston, is departing the company to assume the role of chief financial officer at a Chicago-based public company. His last day with Compass Minerals will be December 1, 2016.
Compass Minerals reported a year-over-year decline in third-quarter 2016 sales and earnings driven by lower salt sales volumes and lower average selling prices in both salt and plant nutrition businesses.
Anthony Sepich will join Compass Minerals (NYSE:CMP) as senior vice president, salt, effective November 30, 2016. Sepich will be responsible for developing and executing strategies that maximize the earnings and operational efficiency of the company’s salt business.
At the core of our business is the commitment to help keep people safe, feed the world and enrich lives every day. Our goal to help feed the world aligns strategically with the role the fertilizer industry will be tasked with in producing top-yielding crops for feeding a growing population. As a leader in the specialty plant nutrition industry, Compass Minerals is proud to support the first ever Global Fertilizer Day.
Today, Compass Minerals completed the purchase of all remaining interest in Produquímica, one of Brazil’s leading manufacturers and distributors of specialty plant nutrients.
The Goderich Mine Rescue Team earned a gold and silver medal at the 10th International Mines Rescue Competition, hosted by Workplace Safety North and Ontario Mine Rescue.
Compass Minerals today announced an agreement to purchase all outstanding interest in Produquímica Indústria e Comércio S.A. (Produquímica), one of Brazil’s leading manufacturers and distributors of specialty plant nutrients.
Brad Griffith has been appointed senior vice president, plant nutrition, effective Aug. 29, 2016.
Compass Minerals reported mixed second-quarter 2016 results as an increase in salt operating earnings partially offset a significant decline in plant nutrition operating earnings.
Dive into the waters of the Great Salt Lake and experience the remarkable process we use to create Protassium+™ sulfate of potash.
Compass Minerals Kenosha plant donated $1,200 to help Bethany Lutheran School, a local private school, implement a new hands-on curriculum called Project Lead the Way (PLTW) Launch. The program aims to empower students to become problem solvers and introduces them to science, technology, engineering and math (STEM).
Compass Minerals’ Goderich sites recently donated $15,000 to the Dialysis 95 + 20 campaign, a 100 day campaign aimed to upgrade and refurbish the dialysis center at the Alexandra Marine and General Hospital.
On June 10, the Goderich Mine Rescue Team won the 67th annual Provincial Mine Rescue Competition. The team also won the Team First Aid Award and Drew Dalgleish, a shaftman at the mine, placed second in the technician competition.
For the second consecutive year, Compass Minerals was named to Forbes’ list of the “100 Most Trustworthy Companies in America.”
Compass Minerals received additional recognition for its work on the West Pond Sustainability Project and was awarded a Utah Governor’s Excellence in Energy Award and named the Environmental Leader of the Year. The company was presented with the award by Governor Gary R. Herbert at the Governor’s Utah Energy Development Summit.
In 2012, Glenn Carter, a 34-year employee of Compass Minerals, lost his battle with cancer. To celebrate his memory, employees have established the Glynn Carter Memorial Trophy event. During this annual event, teams from the Winsford mine and DeepStore compete in a soccer game, while raising money for two local charities, St Luke’s Hospice and Circus Starr.
On May 13, the Goderich Mine Rescue Team won the Southern District of the Ontario Mine Rescue competition, taking first in all three categories: first aid, technician and team competition.
On May 4, Compass Minerals welcomed a team of Mine Safety and Health Administration (MSHA) officials and United Steel Workers representatives for a tour of the Cote Blanche mine.
On May 14, Compass Minerals employees and family members from the Buffalo facility sorted food as part of the local mail carriers’ food drive.
Compass Minerals reached a three-year agreement with Cote Blanche mine employees represented by USW Local 14425.
Compass Minerals has been honored with a 2016 “Earth Day Award” from the Board of Directors of Utah Division of Oil, Gas and Mining. In addition, the Board has selected Compass Minerals as the first recipient of a special award for noteworthy projects, “Best of the Best,” for exceptional environmental improvement work.
Compass Minerals announced a decline in first quarter earnings as a result of continued mild winter weather and agricultural market weakness.
Safe Step® Pro Series® 750 Magnesium Chloride was recently honored by Sanitary Maintenance magazine with a Sanitary Maintenance Distributor Choice Award.
Mild winter weather continued in the first quarter of 2016 throughout Compass Minerals’’ primary service areas.
Organic crop growers now have a pure, consistent and reliable potassium fertilizer option with the release of Protassium+™ Organic sulfate of potash.
Compass Minerals continued to execute on our strategic initiatives throughout 2015, while weathering some short-term challenges.
Protassium+™ is familiar with the long hours and hard work potato farmers face during planting season. And to reward potato farmers, Protassium+ invites growers to partake in the #TaterCreator Photo Contest by sharing a potato planting photo via Facebook or Twitter.
International Women’s Day is an annual global celebration of the social, economic, cultural and political achievements of women. While there is much to celebrate in regards to these achievements, there is still significant progress to be made toward achieving gender parity.
Wolf Trax Innovative Nutrients has launched a redesigned website. Along with a more contemporary design, changes have been made to the navigation site-wide to help growers and dealers find the information they need quickly and easily.
How do corn growers know whether their soil might benefit from a zinc fertilizer application?
Our plant nutrition team has developed a four-part video series that outlines why growers should be proactive and avoid zinc deficiency and what to look for when buying the micronutrient.
See more here.
The company reported lower full-year and quarterly earnings when compared to 2014 as a result of mild winter weather and a weak agricultural market. Despite the near-term headwinds, the company announced that its board of directors has approved a 5 percent increase in the quarterly dividend for 2016, the 13th consecutive year of increased dividends and an indication of the strong underlying fundamentals of both businesses.
Compass Minerals’ Cote Blanche mine continued its annual Charity Day, contributing money for every ton of salt mined. Thanks to the employees’ team efforts, more than $10,450 was donated to the area’s two largest food banks, St. Mary Outreach in Morgan City, and Solomon House in New Iberia.
Limited winter weather activity throughout Compass Minerals’ primary service areas significantly reduced demand for the company’s deicing products in the fourth quarter.
On Thursday, Dec. 17, Compass Minerals’ Ogden site continued its support of Ogden’s Catholic Community Services (CCS) Joyce Hansen Hall Food Bank with the delivery and assembly of food baskets. More than 45 Compass Minerals employees assembled baskets for more than 1,600 Utah families.
Compass Minerals was named one the “Most Improved Corporate Citizens” in 2015 within the Russell 1000 stock market index as determined by Corporate Responsibility Magazine, a publication recognized as the leading voice for corporate responsibility.
Compass Minerals (NYSE: CMP) has completed its purchase of a 35 percent stake in Produquímica Industria e Comercio S.A. (Produquímica), one of Brazil’s leading manufacturers and distributors of specialty plant nutrients.
Compass Minerals has signed a definitive agreement to purchase a 35 percent stake in Produquimica Industria e Comercio S.A. (Produquimica), one of Brazil’s leading manufacturers and distributors of specialty plant nutrients. The all-cash transaction valued at approximately R$450 million (US$120.7 million) is subject to customary post-closing adjustments. This agreement also includes a path to full ownership by early 2019.
Compass Minerals was honored by Central Exchange for its efforts to support the advancement of women in leadership. Compass Minerals was one of only 12 Kansas City-area companies included in Central Exchange’s 2015 Circle of Champions for achieving at least 20% gender diversity on its Board of Directors.
For the second year in a row, Do it Best Corp., the United States’ second largest hardware co-op, named Compass Minerals “Vendor of the Year” in the lawn and garden category. The honor recognizes the exceptional customer service and high-quality deicing products provided by the company’s salt division.
Compass Minerals posted solid third-quarter 2015 earnings driven by record performance in its salt segment.
On Wednesday, Oct. 7, the Buffalo packaging plant held an official grand opening.
Compass Minerals has appointed Diana Toman senior vice president, general counsel and corporate secretary effective Nov. 3, 2015.
Compass Minerals has promoted two employees to director-level positions.
Compass Minerals earned a notable honor from Forbes with inclusion in its 2015 list of America’s 100 Most Trustworthy Companies. This recognition is further evidence of the company’s success in building a transparent and accountable culture.
Compass Minerals has hired Peter Brooks as vice president of internal audit, enterprise risk management and insurance.
Compass Minerals has appointed John Craft as vice president and corporate controller. He previously served as vice president of internal audit and compliance.
The country’s three leading hardware cooperatives – Ace Hardware Corp., True Value Company and Do it Best Corp. – recently named Compass Minerals their 2014 Lawn and Garden Vendor or Supplier of the Year. It’s the first time all three major hardware chains have honored Compass Minerals in the same year with the awards, which recognize the salt company’s exceptional customer service and deicing products.
At the core of Compass Minerals is a clear vision of what our company is and what it can become. From our solid position in highway deicing and consumer and industrial salt products, to new endeavors in plant nutrition, we will continue to focus on delivering essential minerals, extracting greater value from our existing products, and increasing our operational efficiencies. We remain deeply rooted in solid ground with a bright horizon of possibilities.