- Compass Minerals (NYSE:CMP) says Q1 winter weather activity in its North American-served market was less than average, resulting in a slightly below average winter for the full season ended in March, but it sold 4.6M tons of highway deicing salt products in Q1 vs. 3.1M tons in the year-ago quarter.
- Compass says 11 representative cities in the primary North American highway deicing service area reported 100 snow events during Q1, 8% below the 10-year average but 18% above the prior-year quarter.
- As previously forecast, Q1 highway deicing sales volumes increased Y/Y, driven by higher North American bid season commitments, strong winter weather in the U.K. and severe winter weather in North America during February.
- Last week, Compass announced the sale of some North America micronutrient assets to Koch Industries for ~$60M.
Compass Minerals Q1 sales of deicing salt products rose a third vs. year ago
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Compass Minerals International, Inc. |