Compass' salt margins are set to expand as the company cuts costs at its massive Goderich mine.
Compass Minerals reported fourth-quarter snow days and salt volume sales that were generally in line with our expectations. Compass sold roughly 3.6 million tons of salt during the fourth quarter of 2017, which is roughly 3% below the fourth quarter of 2016. As we noted in our Jan. 5 update, the 2017-18 winter has begun with an above-average number of snow days, which should bode well for Compass’ deicing salt profits in the near term. We expect the benefit of harsher late-December weather to sh...
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