Compass Minerals Reports Fourth-Quarter Snow-Event Data
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.”
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