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CMP

Compass Minerals

$57.79 /

+1.09 (+1.92%)

16:17
04/08/19
04/08
16:17
04/08/19
16:17

Compass Minerals reports 'above-average' snow events for Q1

Compass Minerals announced that first-quarter 2019 winter weather events in its primary North American deicing markets were above both the 10-year average and prior-year results, which helped offset the impact of mild weather in the U.K. as well as lower highway deicing sales commitments in North America. Eleven representative cities in the company's primary North American highway deicing service area reported 122 snow events during the first quarter of 2019, which was 12% above the 10-year average and 3 percent above first-quarter 2018 results. As expected, highway deicing sales volumes in the first quarter of 2019 declined from 2018 levels. Mild winter weather in the U.K. this quarter compared to severe winter in the prior period drove more than half of the decline. The company sold approximately 3.5M tons of highway deicing salt products in first quarter of 2019 compared to 4.3M tons in the prior-year 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 were 4.1M tons in the 2019 period compared to 4.8M tons in the first quarter of 2018.

  • 01

    May

CMP Compass Minerals
$57.79 /

+1.09 (+1.92%)

11/27/18
Compass Minerals upgraded to Neutral on symmetric risk/reward at Credit Suisse
11/27/18 Credit Suisse
Compass Minerals upgraded to Neutral from Underperform at Credit Suisse
06/20/18 Stephens
Agriculture has faster rebound potential than rest of materials, says Stephens

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