Compass Minerals Posts Solid Third-Quarter Results Including Record Third-Quarter Salt Earnings
Compass Minerals posted solid third-quarter 2015 earnings driven by record performance in its salt segment.
- Salt segment posts record-setting third-quarter earnings
- Consolidated operating earnings up 3 percent
- Net income on par with 2014 adjusted results
- Margin improvement for the fifth consecutive quarter
“The resilience of our company was demonstrated yet again as strong commercial performance in our salt business offset softness in our plant nutrition segment stemming from weakness in the broader agricultural market,” said Fran Malecha, Compass Minerals’ president and CEO. “With a record-setting volume result in our North American highway deicing bid season, our salt business is poised to continue improving its profitability through the end of the year and into 2016. Despite near-term challenges in plant nutrition demand, premium specialty fertilizers remain a very attractive segment of the agricultural market, and we’re well-positioned to serve a condensed fall season.”
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