Compass Minerals Reports Fourth-Quarter Snow Data and Salt Sales Update
Compass Minerals today provided an update on winter weather and on sales for its salt business unit in the fourth quarter 2019. Driven by strong snow activity in November, fourth-quarter 2019 winter weather activity in its North American-served market was above average.
Additionally, the company reported a 4% increase in highway deicing salt sales volumes as the increased winter demand in North America was partially offset by warmer weather in the U.K.
The company sold approximately 2.9 million tons of highway deicing salt products in the fourth quarter of 2019 compared to 2.8 million tons in the 2018 period. This total includes all highway maintenance products sold in the U.S., Canada and the U.K., as well as rock salt sold to the chemical industry. Sales of all salt products totaled 3.6 million tons in the fourth quarter of 2019 compared to 3.5 million tons in the 2018 period.
You can read the full release here.