Solid Plant Nutrition North America results
partially offset weakness in Salt and Plant Nutrition South
America; Maintaining full-year EPS guidance.
Second-Quarter Highlights:
- Salt earnings declined year-over-year
due to carry-over impact of mild winter weather
- Plant nutrition business strengthening
in North America while South America pressured by delays in farmer
purchases
- Significant actions underway to reduce
cost and streamline organization
- Full-year EPS guidance remains
unchanged
Compass Minerals (NYSE: CMP) reported a second-quarter loss of
$6.4 million, or $0.19 per diluted share, compared to earnings of
$6.3 million, or $0.18 per diluted share, in the second quarter of
2016.
“Despite a strong performance this quarter in our Plant
Nutrition North America business, our results were pressured by
increased costs in the Salt segment and sluggish plant nutrition
sales in South America,” said Fran Malecha, Compass Minerals’
president and CEO. “While this has been a challenging period, I am
pleased with the progress we have made in positioning our plant
nutrition business for growth and in aggressively identifying areas
across the company for cost reductions. Because of the expected
benefits of these efforts, our full-year earnings-per-share
guidance remains unchanged.”
Total revenue increased 35 percent to $228.0 million from $169.5
million in the prior-year quarter. This increase was primarily
driven by the addition of $66.1 million in revenue from the
acquisition of Produquímica Indústria e Comércio S.A.
(Produquímica) and a modest increase in Plant Nutrition North
America sales.
Consolidated operating income declined to $6.0 million in the
second quarter of 2017 from $15.5 million in the prior-year quarter
as a result of lower earnings in the Salt segment.
Compass Minerals Financial
Results(in millions, except for earnings per share)
Three months endedJune
30,
Six months endedJune 30,
2017 2016 2017 2016 Sales
$ 228.0 $ 169.5 $ 615.8 $ 515.2 Operating earnings $ 6.0 $
15.5 $ 47.4 $ 89.8 Operating margin 2.6 % 9.1 % 7.7 % 17.4 % Net
(loss) earnings $ (6.4 ) $ 6.3 $ 15.1 $ 56.0 Diluted (loss)
earnings per share $ (0.19 ) $ 0.18 $ 0.44 $ 1.65 EBITDA(1) $ 32.4
$ 33.9 $ 102.3 $ 129.3 Adjusted EBITDA(1) $ 34.2
$ 34.8 $ 104.0 $ 129.4
(1) EBITDA (earnings before interest,
taxes, depreciation and amortization) and adjusted EBITDA are
non-GAAP financial measures. Reconciliations to the most directly
comparable GAAP financial measures are provided in tables at the
end of this press release.
SALT SEGMENTSalt segment
revenue in the second quarter of 2017 declined $10.1 million from
second-quarter 2016 results to $109.0 million, primarily due to a
16 percent year-over-year reduction in highway deicing revenue and
a 2 percent decline in consumer and industrial revenue. The
carry-over impact of two consecutive mild winters resulted in a 10
percent decline in second-quarter highway deicing sales volumes,
while average sales price for these products dropped 6 percent. A 4
percent reduction in consumer and industrial sales volumes was
offset partially by a 2 percent increase in average selling
prices.
Salt segment operating earnings totaled $10.7 million compared
to $23.3 million in the second quarter of 2016. In addition to
lower revenue, operating earnings and margin were pressured by a
significant increase in per-unit salt costs. Much of the increased
costs resulted from lower operating rates as the company adjusted
its production plans to meet lower expected demand for bulk and
packaged deicing products. Additionally, the on-going
implementation of continuous mining at the Goderich mine produced a
short-term cost impact in the quarter.
Bid Season UpdateApproximately 65 percent of the annual
North American highway deicing bidding process has been completed.
The company estimates that market-wide demand has contracted
approximately 5 percent when compared to the 2016-2017 bid season,
as average winter weather in Canada muted bid volume declines
resulting from very mild winter in the U.S. The company’s bid
season results to date indicate that Compass Minerals’ expected
average awarded bid price will decline 3 to 4 percent versus
prior-season’s results.
Salt Segment Performance(in
millions, except for sales volumes and prices per short ton)
Three months endedJune
30,
Six months endedJune 30,
2017 2016 2017 2016 Sales
$ 109.0 $ 119.1 $ 383.8 $ 411.2 Operating earnings $ 10.7 $ 23.3 $
56.1 $ 106.0 Operating margin 9.8 % 19.6 % 14.6 % 25.8 % EBITDA(1)
$ 23.4 $ 34.6 $ 81.7 $ 128.0 EBITDA(1) margin 21.5 % 29.1 % 21.3 %
31.1 % Sales volumes (in thousands of tons): Highway deicing 948
1,058 4,439 4,782 Consumer and industrial 424
442 966 924 Total salt 1,372
1,500 5,405 5,706 Average sales prices (per ton): Highway deicing $
49.95 $ 53.02 $ 54.12 $ 58.08 Consumer and industrial $ 145.32 $
142.47 $ 148.65 $ 144.38 Total salt $ 79.44 $
79.39 $ 71.01 $ 72.06
(1) EBITDA is a non-GAAP financial
measure. Reconciliations to the most directly comparable GAAP
financial measures are provided in tables at the end of this press
release.
PLANT NUTRITION NORTH AMERICA
SEGMENTSecond-quarter 2017 revenue for the Plant
Nutrition North America segment increased 6 percent from prior-year
results to $50.5 million. This growth was driven by a 5 percent
year-over-year increase in sales volumes.
Plant Nutrition North America segment operating earnings surged
62 percent above second-quarter 2016 results to $7.6 million and
generated an operating margin of 15.0 percent compared to 9.8
percent in the prior-year period. These improvements resulted from
a 9 percent reduction in per-unit costs as lower sulfate of potash
(SOP) manufacturing costs more than offset a modest rise in
SG&A expense related to increasing the innovation and
commercialization capabilities of the plant nutrition business.
Plant Nutrition North America Segment
Performance(dollars in millions, except for prices per short
ton)
Three months endedJune
30,
Six months endedJune 30,
2017 2016 2017 2016 Sales
$ 50.5 $ 47.8 $ 99.7 $ 98.9 Operating earnings $ 7.6 $ 4.7 $ 15.2 $
10.0 Operating margin 15.0 % 9.8 % 15.2 % 10.1 % EBITDA(1) $ 16.2 $
13.1 $ 32.7 $ 26.3 EBITDA(1) margin 32.1 % 27.4 % 32.8 % 26.6 %
Sales volumes (in thousands of tons) 78 74 157 148 Average sales
price (per ton) $ 642 $ 651 $
633 $ 670
(1) EBITDA is a non-GAAP financial
measure. Reconciliations to the most directly comparable GAAP
financial measures are provided in tables at the end of this press
release.
PLANT NUTRITION SOUTH AMERICA
SEGMENTSecond-quarter revenue for the Plant Nutrition
South America segment totaled $66.1 million, which was below
company expectations primarily resulting from delayed purchases of
agriculture products in Brazil due to slower-than-expected
liquidation of 2016-2017 harvests. Second-quarter operating
earnings were $0.8 million. Additional historical information for
this segment can be found in the Second-Quarter 2017 Business
Update presentation at
www.compassminerals.com/investorrelations.
Plant Nutrition South America Segment
Performance(dollars in millions, except for prices per short
ton)
Three Months EndedJune 30,
2017
Six Months EndedJune 30,
2017
Sales $ 66.1 $ 127.4 Operating earnings $ 0.8 $ 2.6 Operating
margin 1.2 % 2.0 % EBITDA(1) $ 6.4 $ 13.5 EBITDA(1) margin 9.7 %
10.6 % Sales volumes (in thousands of tons) Agriculture 79 139
Chemical solutions 72 144 Total sales
volumes 151 283 Average sales prices (per ton): Agriculture $ 519 $
553 Chemical solutions $ 350 $ 352 Total Plant Nutrition South
America $ 439 $ 451
(1) EBITDA is a non-GAAP financial
measure. Reconciliations to the most directly comparable GAAP
financial measures are provided in tables at the end of this press
release.
OTHER FINANCIAL
HIGHLIGHTSIncome tax in the second quarter of 2017
resulted in a benefit of $1.5 million, compared to an expense of
$1.0 million in the 2016 second quarter.
Other expense totaled $1.8 million, compared to $0.9 million in
the prior-year quarter. This year-over-year change was primarily
driven by increased foreign exchange losses.
Year-to-date, the company has reduced long-term debt by
approximately $70 million.
RESTRUCTURING PLANThe
company initiated a restructuring plan in July 2017 designed to
reduce ongoing costs and further streamline the organization. In
addition to reducing personnel, the company has reorganized its
operations team to report directly to the respective business
units. These changes are expected to drive more effective
decision-making and greater efficiency. These initiatives are
expected to result in a charge of approximately $4 million in the
third quarter of 2017. Combined with other cost-saving actions
taken in the first half of 2017, which resulted in charges of $1.3
million, the company expects to achieve about $10 million in cost
reductions this year and approximately $20 million in ongoing
savings beginning in 2018.
OUTLOOKChallenging market
fundamentals for the company's salt business are expected to result
in pricing pressure for deicing products during the second half of
the year, although the company expects Salt segment sales volumes
to exceed prior year results if winter weather conditions are
average.
Given year-to-date results for Plant Nutrition North America,
the company has increased its sales volume expectations for
full-year 2017. Average selling prices for these products are
expected to remain stable. Operating margins, however, are expected
to contract in the second half of 2017 when compared to the first
half of the year due to increased depreciation expense related to
the final commissioning of new assets at the company's Ogden, Utah
facility.
In the Plant Nutrition South America business, the company's
sales volumes have been negatively impacted by delayed and reduced
purchasing by the company's distribution customers, however sales
of its higher-value products sold directly to farmers have remained
strong. While this has reduced expected sales volumes for the year,
the continued growth of direct-to-farmer sales is anticipated to
result in a more profitable sales mix and improved operating
margins when compared to prior year.
Given these factors and the expected cost savings from its
restructuring program, the company is maintaining its
earnings-per-share guidance for full-year 2017 of $3.00 to
$3.50.
2017 OUTLOOK:FULL YEAR EPS -
$3.00 to $3.50
Salt Segment 2H17 FY17 Volumes
5.9 million to 6.3 million tons 11.3 million to 11.6 million tons
Average selling price (per ton) $68 to $72 Operating earnings
margin 24% to 26%
Plant Nutrition North America Segment
Volumes 165,000 to 185,000 tons 320,000 to 340,000 tons Average
selling price (per ton) $610 to $650 Operating earnings margin 9%
to 11%
Plant Nutrition South America Segment Volumes 450,000
to 550,000 tons 750,000 to 850,000 Average selling price (per ton)
$550 to $590 (R$1,800 to R$1,900) Operating earnings margin 18% to
20%
Corporate Corporate and other expense ~$58 million
Interest expense ~$55 million Depreciation, depletion and
amortization ~$122 million Capital expenditures $125 to $140
million Effective tax rate ~20%
Conference CallCompass
Minerals will discuss its results on a conference call tomorrow
morning, Tuesday, August 8, 2017, at 9:00 a.m. ET. To access the
conference call, interested parties should visit the company’s
website at www.CompassMinerals.com or dial 877-614-0009. Callers
must provide the conference ID number 9699797. Outside of the U.S.
and Canada, callers may dial +1-720-452-9074. Replays of the call
will be available on the company’s website.
An updated summary of the company’s performance is included in a
presentation available on the company’s website at
www.compassminerals.com/investorrelations.
About Compass MineralsCompass Minerals is a leading
provider of essential minerals that solve 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. The company
produces its minerals at locations throughout the U.S., Canada,
Brazil and the U.K. For more information about Compass Minerals and
its products, please visit www.compassminerals.com.
Non-GAAP MeasuresManagement
uses a variety of measures to evaluate the company’s and its
operating segments’ performance. While the consolidated financial
statements provide an understanding of the company’s overall
results of operations, financial condition and cash flows,
management analyzes components of the consolidated financial
statements to identify certain trends and evaluate specific
performance areas. In addition to using U.S. generally accepted
accounting principles (“GAAP”) financial measures, management uses
the non-GAAP financial measures EBITDA and EBITDA adjusted for
items which management believes are not indicative of the company’s
ongoing operating performance (“Adjusted EBITDA”) to evaluate the
operating performance of the company’s core business operations
because its resource allocation, financing methods and cost of
capital, and income tax positions are managed at a corporate level,
apart from the activities of the operating segments, and the
operating facilities are located in different taxing jurisdictions,
which can cause considerable variation in net earnings. The company
also uses EBITDA and Adjusted EBITDA to assess its overall and
operating segment operating performance and return on capital
against other companies, and to evaluate potential acquisitions or
other capital projects. EBITDA and Adjusted EBITDA are not
calculated under GAAP and should not be considered in isolation or
as a substitute for net earnings, operating earnings, cash flows or
other financial data prepared in accordance with GAAP or as a
measure of overall profitability or liquidity. EBITDA and Adjusted
EBITDA exclude interest expense, income taxes and depreciation and
amortization, each of which are an essential element of the
company’s cost structure and cannot be eliminated. Consequently,
any measure that excludes these elements has material
limitations. While EBITDA and Adjusted EBITDA are frequently
used as measures of operating performance, these terms are not
necessarily comparable to similarly titled measures of other
companies due to the potential inconsistencies in the method of
calculation. The calculation of EBITDA and Adjusted EBITDA as used
by management is set forth in the following tables.
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including without limitation statements about the company’s
ability to position itself for growth; cost reductions; results of
the deicing bidding process, including market-wide demand, bid
volumes and bid price; ability to increase plant nutrition business
capabilities; its expectations regarding its restructuring plan,
including its ability reduce costs, streamline the organization,
drive effective decision-making and greater efficiency, third
quarter 2017 charges and cost savings; pricing pressure for deicing
products; sales growth, sales mix and operating margins; and the
company’s outlook for the second half of 2017 and the full year of
2017, including its expectations regarding earnings per share
(“EPS”), volumes, average selling prices, operating earnings
margin, corporate and other expense, interest expense,
depreciation, depletion and amortization, capital expenditures and
tax rates. We use words such as “may,” “would,” “could,” “should,”
“will,” “likely,” “expect,” “anticipate,” “believe,” “intend,”
“plan,” “forecast,” “outlook,” “project,” “estimate” and similar
expressions suggesting future outcomes or events to identify
forward-looking statements or forward-looking information. 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 without limitation (i)
weather conditions, (ii) pressure on prices and impact from
competitive products, (iii) any inability by the company to fund
necessary capital expenditures or successfully implement any
capital projects, (iv) foreign exchange rates and the cost and
availability of transportation for the distribution of the
company’s products, and (v) the ability to successfully integrate
acquired businesses. For further information on these and other
risks and uncertainties that may affect the company’s business, see
the “Risk Factors” and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” sections of the
company’s Annual Report on Form 10-K for the year ended December
31, 2016 and Quarterly Reports on Form 10-Q for the quarters ended
March 31, 2017 and June 30, 2017 filed or to be filed with the SEC.
The company undertakes no obligation to update any forward-looking
statements made in this press release to reflect future events or
developments. Because it is not possible to predict or identify all
such factors, this list cannot be considered a complete set of all
potential risks or uncertainties.
Reconciliation for EBITDA and Adjusted
EBITDA(unaudited, in millions)
Three months endedJune
30,
Six months endedJune 30,
2017 2016 2017 2016 Net
(loss) earnings $ (6.4 ) $ 6.3 $ 15.1 $ 56.0 Interest expense 12.3
5.6 26.0 11.4 Income tax (benefit) expense (1.5 ) 1.0 4.8 21.0
Depreciation, depletion and amortization 28.0
21.0 56.4 40.9 EBITDA $ 32.4 $
33.9 $ 102.3 $ 129.3 Adjustments to EBITDA: Other expense, net(1)
1.8 0.9 1.7 0.1
Adjusted EBITDA $ 34.2 $ 34.8
$ 104.0 $ 129.4
(1) Primarily includes interest income and
foreign exchange gains and losses.
Reconciliation for Salt Segment
EBITDA(unaudited, in millions)
Three months endedJune
30,
Six months endedJune 30,
2017 2016 2017 2016 Reported GAAP
segment operating earnings $ 10.7 $ 23.3 $ 56.1 $ 106.0
Depreciation, depletion and amortization 12.7
11.3 25.6 22.0 Segment EBITDA $
23.4 $ 34.6 $ 81.7 $ 128.0 Segment sales 109.0 119.1 383.8 411.2
Segment EBITDA margin 21.5 % 29.1 %
21.3 % 31.1 %
Reconciliation for Plant Nutrition
North America Segment EBITDA(unaudited, in millions)
Three months endedJune
30,
Six months endedJune 30,
2017 2016 2017 2016 Reported GAAP
segment operating earnings $ 7.6 $ 4.7 $ 15.2 $ 10.0 Depreciation,
depletion and amortization 8.6 8.4
17.5 16.3 Segment EBITDA $ 16.2 $ 13.1
$ 32.7 $ 26.3 Segment sales 50.5 47.8 99.7 98.9 Segment EBITDA
margin 32.1 % 27.4 % 32.8
% 26.6 %
Reconciliation for Plant Nutrition
South America Segment EBITDA(unaudited, in millions)
Three Months EndedJune 30,
2017
Six Months EndedJune 30,
2017
Reported GAAP segment operating earnings $ 0.8 $ 2.6 Depreciation,
depletion and amortization 5.4 10.7 Earnings in equity method
investee 0.2 0.2 Segment EBITDA $ 6.4 $
13.5 Segment sales 66.1 127.4 Segment EBITDA margin
9.7 % 10.6 %
COMPASS MINERALS INTERNATIONAL,
INC.CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited,
in millions, except share and per-share data)
Three Months Ended Six Months Ended June
30, June 30, 2017 2016 2017
2016 Sales $ 228.0 $ 169.5 $ 615.8 $ 515.2 Shipping
and handling cost 40.6 37.1 134.3 126.5 Product cost 142.5
91.1 355.0 244.8 Gross profit
44.9 41.3 126.5 143.9 Selling, general and administrative expenses
38.9 25.8 79.1 54.1
Operating earnings 6.0 15.5 47.4 89.8 Other (income)/expense:
Interest expense 12.3 5.6 26.0 11.4 Net (earnings) loss in equity
investee (0.2 ) 1.7 (0.2 ) 1.3 Other, net 1.8
0.9 1.7 0.1 (Loss) earnings before income
taxes (7.9 ) 7.3 19.9 77.0 Income tax (benefit) expense (1.5
) 1.0 4.8 21.0 Net (loss) earnings $
(6.4 ) $ 6.3 $ 15.1 $ 56.0 Basic net (loss) earnings per
common share $ (0.19 ) $ 0.18 $ 0.44 $ 1.65 Diluted net (loss)
earnings per common share $ (0.19 ) $ 0.18 $ 0.44 $ 1.65 Cash
dividends per share $ 0.72 $ 0.695 $ 1.44 $ 1.39 Weighted-average
common shares outstanding (in thousands):(1) Basic 33,823 33,784
33,813 33,766 Diluted 33,823 33,787 33,813 33,769
(1) Excludes weighted participating
securities such as RSUs and PSUs that receive non-forfeitable
dividends, which consist
of 169,000 and 163,000 weighted participating
securities for the three and six months
ended June 30, 2017, respectively,
and 146,000 and 149,000 weighted participating
securities for the three and six months
ended June 30, 2016, respectively.
COMPASS MINERALS INTERNATIONAL,
INC.CONDENSED CONSOLIDATED BALANCE SHEETS(unaudited,
in millions)
June 30, December 31, 2017 2016
ASSETS Cash and cash equivalents $ 33.9 $ 77.4 Receivables,
net 176.3 320.9 Inventories 287.9 280.6 Other current assets 41.4
36.1 Property, plant and equipment, net 1,116.8 1,092.3 Intangible
and other noncurrent assets 641.6 659.2 Total assets
$ 2,297.9 $ 2,466.5
LIABILITIES AND STOCKHOLDERS'
EQUITY Current portion of long-term debt $ 82.8 $ 130.2 Other
current liabilities 171.2 241.8 Long-term debt, net of current
portion 1,172.8 1,194.8 Deferred income taxes and other noncurrent
liabilities 177.4 182.6 Total stockholders' equity 693.7
717.1 Total liabilities and stockholders' equity $ 2,297.9 $
2,466.5
COMPASS MINERALS INTERNATIONAL,
INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH
FLOWS(unaudited, in millions)
Six Months Ended June 30, 2017
2016 Net cash provided by operating activities $ 143.2
$ 149.9 Cash flows from investing activities:
Capital expenditures (55.6 ) (94.8 ) Investment in equity method
investee — (4.7 ) Other, net (2.7 ) (1.5 ) Net
cash used in investing activities (58.3 ) (101.0 )
Cash flows from financing activities: Proceeds from
revolving credit facility borrowings 100.3 183.5 Principal payments
on revolving credit facility borrowings (122.6 ) (80.5 ) Proceeds
from issuance of long-term debt 11.6 400.0 Principal payments on
long-term debt (59.2 ) (473.4 ) Acquisition-related contingent
consideration payment (12.8 ) — Dividends paid (48.9 ) (47.1 ) Fees
paid to refinance debt — (1.5 ) Deferred financing costs (0.2 )
(3.5 ) Proceeds received from stock option exercises 0.3 0.7 Excess
tax benefit (deficiency) from equity compensation awards — (0.2 )
Other, net 1.0 — Net cash used
in financing activities (130.5 ) (22.0 ) Effect of
exchange rate changes on cash and cash equivalents 2.1
7.4 Net change in cash and cash equivalents
(43.5 ) 34.3 Cash and cash equivalents, beginning of the year
77.4 58.4 Cash and cash
equivalents, end of period $ 33.9 $ 92.7
COMPASS MINERALS INTERNATIONAL,
INC.SEGMENT INFORMATION(unaudited, in
millions)
Three Months Ended June 30, 2017
Salt
Plant NutritionNorth
America
Plant NutritionSouth America
Corporateand
Other(1)
Total
Sales to external customers $ 109.0 $ 50.5 $ 66.1 $ 2.4 $ 228.0
Intersegment sales — 2.0 — (2.0 ) — Shipping and handling cost 29.7
6.9 4.0 — 40.6 Operating earnings (loss) 10.7 7.6 0.8 (13.1 ) 6.0
Depreciation, depletion and amortization 12.7 8.6 5.4 1.3 28.0
Total assets 868.0 582.9 790.0 57.0 2,297.9
Three Months
Ended June 30, 2016
Salt
Plant NutritionNorth
America(2)
Plant NutritionSouth America
Corporateand
Other(1)
Total
Sales to external customers $ 119.1 $ 47.8 $ — $ 2.6 $ 169.5
Intersegment sales — 1.9 — (1.9 ) — Shipping and handling cost 31.4
5.7 — — 37.1 Operating earnings (loss) 23.3 4.7 — (12.5 ) 15.5
Depreciation, depletion and amortization 11.3 8.4 —
1.3
21.0 Total assets 899.1 702.7 — 54.8 1,656.6
Six Months
Ended June 30, 2017
Salt
Plant NutritionNorth
America
Plant NutritionSouth
America
Corporateand
Other(1)
Total
Sales to external customers $ 383.8 $ 99.7 $ 127.4 $ 4.9 $ 615.8
Intersegment sales —
2.9
— (2.9 ) — Shipping and handling cost 112.7 13.6 8.0 — 134.3
Operating earnings (loss) 56.1 15.2 2.6 (26.5 ) 47.4 Depreciation,
depletion and amortization 25.6 17.5 10.7 2.6 56.4
Six
Months Ended June 30, 2016
Salt
Plant NutritionNorth
America
Plant NutritionSouth
America
Corporateand
Other(1)
Total
Sales to external customers $ 411.2 $ 98.9 $ — $ 5.1 $ 515.2
Intersegment sales — 2.1 — (2.1 ) — Shipping and handling cost
114.4 12.1 — — 126.5 Operating earnings (loss) 106.0 10.0 — (26.2 )
89.8 Depreciation, depletion and amortization 22.0 16.3 — 2.6 40.9
(1) Corporate and other includes corporate
entities, records management operations and other incidental
operations and eliminations. Operating earnings (loss) for
corporate and other includes indirect corporate overhead including
costs for general corporate governance and oversight, as well as
costs for the human resources, information technology, legal and
finance functions.
(2) In 2016, total assets for Plant
Nutrition North America include the equity investment in
Produquímica.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170807006017/en/
Compass MineralsInvestor ContactTheresa L. Womble,
+1 913-344-9362Director of Investor Relations and Assistant
Treasurerwomblet@compassminerals.comorMedia ContactTara
Hart, +1 913-344-9319Manager of Corporate
AffairsMediaRelations@compassminerals.com
Compass Minerals (NYSE:CMP)
Historical Stock Chart
From Apr 2024 to May 2024
Compass Minerals (NYSE:CMP)
Historical Stock Chart
From May 2023 to May 2024