OVERLAND PARK, Kan.--(BUSINESS WIRE)--Dec. 22, 2015--
Extremely mild weather to-date throughout Compass Minerals’ (NYSE-CMP)
primary North American service area has reduced demand for the company’s
deicing products in the fourth quarter. As a result, the company has
announced reduced production at its Goderich mine along with a staff
reduction of approximately 90 employees.
Lower deicing demand, as well as continued weakness in the plant
nutrition business, is expected to drive Compass Minerals’ full-year
earnings per share below the low end of the prior guidance range of
$5.20 to $5.50 per share.
The company expects to provide its customary fourth-quarter report on
snow event data as well as salt segment sales volume results on Jan. 7,
2016.
About Compass Minerals
Compass
Minerals is a leading provider of essential minerals that provide
solutions to nature’s challenges, including salt for winter roadway
safety and other consumer, industrial and agricultural uses, and
specialty plant nutrition minerals that improve the quality and yield of
crops. Named one of Forbes’ 100 Most Trustworthy Companies in America in
2015, Compass Minerals’ mission is to be the best essential minerals
company by delivering where and when it matters. The company produces
its minerals at locations throughout the U.S. and Canada and in the U.K.
For more information about Compass Minerals and its products, please
visit www.compassminerals.com.
This press release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on the company's current expectations and involve
risks and uncertainties that could cause the company's actual results to
differ materially. The differences could be caused by a number of
factors including those factors identified in the "Risk Factors"
sections of our Annual and Quarterly Reports on Forms 10-K and 10-Q. The
company undertakes no obligation to update any forward-looking
statements made in this press release to reflect future events or
developments.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151222005170/en/
Source: Compass Minerals
Compass Minerals
Investor Contact:
Theresa L.
Womble, +1-913-344-9362
Director of Investor Relations
womblet@compassminerals.com
or
Media
Contact:
Tara Hart, +1-913-344-9319
Communications Manager
MediaRelations@compassminerals.com