Compass Trims EPS Guidance After Seismic Event at Goderich and Plant Nutrition Struggles in Brazil
On Sept. 21, Compass Minerals trimmed its full-year 2017 earnings per share guidance to $2.50-$2.80, down from $3.00-$3.50, due to two reasons. First, the company’s flagship Goderich salt mine in Ontario saw a partial ceiling collapse due to geological movements on Sept. 18. The mine’s main conveyance system has been damaged, with a return to normal operating rates expected within six weeks. Second, plant nutrition volumes in Brazil have continued to lag management's expectations.We’ve updated ...
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.
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