Compass Minerals Reports Second Quarter Earnings

Compass Minerals (NYSE: CMP) reported a second-quarter loss of $6.4 million, or $0.19 per diluted share, compared to earnings of $6.3 million, or $0.18 per diluted share, in the second quarter of 2016.

“Despite a strong performance this quarter in our Plant Nutrition North America business, our results were pressured by increased costs in the Salt segment and sluggish plant nutrition sales in South America,” said Fran Malecha, Compass Minerals’ president and CEO. “While this has been a challenging period, I am pleased with the progress we have made in positioning our plant nutrition business for growth and in aggressively identifying areas across the company for cost reductions. Because of the expected benefits of these efforts, our full-year earnings-per-share guidance remains unchanged.”

The complete press release and related material can be found here.