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Compass Minerals Endures Weather-related Setbacks in 2011, Maintains Strong Sales
SUGAR LAND--February 9, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Compass Minerals International Incorporated (NYSE:CMP) (Overland Park, Kansas), a leading North American producer of specialty fertilizers and deicing salt, endured weather-related setbacks in fourth-quarter and full-year 2011 from both harsh and mild conditions. After a tornado in Canada devastated one of the company's major facilities, unusually mild North American winter weather weakened earnings in the Salt segment. Net earnings for the quarter were reported to be $43.9 million, a 28.15% decrease from fourth-quarter 2010, and $149 million for the year, a 1.06% decrease from 2010.
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Industry Segment: Metals & Minerals
Word Count: 766 Words
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