OVERLAND PARK, Kan.--(BUSINESS WIRE)--Dec. 11, 2008--Compass Minerals (NYSE: CMP) today celebrated its five years as a public
company by ringing the closing bell at the New York Stock Exchange.
Earlier in the day, the company hosted an analyst meeting at the NYSE
during which company executives discussed Compass Minerals'
accomplishments as a public company and the growing balance of its salt
and specialty fertilizer businesses.
"Over the past five years, Compass Minerals has demonstrated an ability
to combine strong near-term performance with outstanding long-term value
creation," said Angelo Brisimitzakis, president and chief executive
officer. "Since our IPO in December 2003, Compass Minerals has delivered
above-average return to shareholders while becoming a more balanced,
less seasonal company, with a mix of recession-resistant businesses
delivering record revenues, cash flow, and earnings."
Dr. Brisimitzakis noted that the company has achieved substantial gains
since its IPO, with revenues growing from $553.5 million in 2003 to $1.1
billion for the twelve months ended September 30, 2008. Over the same
period, operating income increased from $91.2 million to $222.4 million
and cash from operations increased from $69.1 million to $207.8 million.
In addition to Dr. Brisimitzakis, presenters at the analyst meeting
included the leaders of Compass Minerals' businesses: Ronald Bryan, vice
president and general manager, Great Salt Lake Minerals and Compass
Minerals UK; Jerry Bucan, vice president and general manager, consumer
and industrial; and Keith Clark, vice president and general manager,
North American highway.
The presentation is available in the Investor Relations section of the
company's website, www.compassminerals.com.
About Compass Minerals
Based in the Kansas City metropolitan area, Compass Minerals is a
leading producer of minerals, including salt, sulfate of potash
specialty fertilizer and magnesium chloride. The company provides
highway deicing salt to customers in North America and the United
Kingdom and specialty fertilizer to growers worldwide. Compass Minerals
also produces consumer deicing and water conditioning products,
ingredients used in consumer and commercial foods, and other
mineral-based products for consumer, agricultural and industrial
applications. Compass Minerals also provides records management services
to businesses throughout the U.K.
CONTACT: Compass Minerals
Peggy Landon, 913-344-9315
Director of Investor Relations and
Corporate Communications
Source: Compass Minerals