Compass Minerals Reports First-Quarter 2020 Results

The company reported a first-quarter 2020 net earnings of $27.6, or $0.80 per diluted share, compared to $7.6 million, or $0.22 per diluted share, in the prior-year first quarter. Salt and both Plant Nutrition segments contributed positive earnings growth compared to prior-year results.

“Despite mild winter weather throughout most of our highway deicing service markets, our strong Salt price performance and a rebound in specialty plant nutrition demand in both North and South America fueled strong earnings results for us in the first quarter,” said Kevin S. Crutchfield, Compass Minerals president and CEO. “Operating as an essential business in a time of societal challenge, we are focused on protecting the health of our employees, ensuring our customers’ needs are met and maintaining the strong momentum we have created through improved production at our North American mines and our continuing enterprise-wide optimization effort. We also continue to carefully monitor and conduct deep risk assessments of the evolving situation with the COVID-19 pandemic across our operations and in our core markets. While disruptions and commercial impacts have been minimal to date, we remain vigilant in our preparation for potential changes to these conditions.”

View the full release and First Quarter 2020 Business Update here.