Compass Minerals Reports Above-Average Snow Events for the First Quarter
Compass Minerals announced today 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.
“Our Salt business has outperformed our expectations thus far in 2019 due to a combination of stronger winter weather in North America, improved production at our Goderich and Cote Blanche mines, and better than expected logistics, which allowed us to meet customer demand late in the season,” said Dick Grant, Compass Minerals chairman of the Board and interim CEO. “In addition, we completed our March shutdown at the Goderich mine and have resumed production, and together with the announced labor agreement with our Cote Blanche mine employees, we believe we are building momentum in our Salt business as we head into the remainder of 2019.”
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