Report
Seth Goldstein
EUR 100.00 For Business Accounts Only

Compass Should Benefit From Cost Reductions at Low-Cost Goderich Mine as Production Ramps Up

After unfavorable weather weighed on first-quarter results for many of the ag companies we cover, volumes rebounded for nearly all companies in the second quarter. Through the first half of 2018, demand for nearly all crop input categories is roughly even with the first half of 2017. In crop chemicals, the shortened planting season resulted in greater demand for in-season herbicides and insecticides. We now expect crop chemicals volumes to be nearly flat in 2018 compared with 2017.
In fertilizer...
Underlying
Compass Minerals International Inc.

Compass Minerals International is a holding company. Through its wholly owned subsidiaries, the company is a provider of minerals, including salt, secondary nutrients and micronutrients, and specialty chemicals. The company has three reportable segments: Salt, which produces, markets and sells salt and magnesium chloride and sodium chloride; Plant Nutrition North America, which includes sales of sulfate of potash specialty fertilizer and specialty plant nutrients; and Plant Nutrition South America, which manufactures, distributes and markets an array of specialty plant nutrients and supplements developed and formulated from primary and secondary nutrients, specialty plant nutrients and biostimulants.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Goldstein

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