Compass Minerals point to large pre-season orders as Q3 salt revenues rise
Published: Tuesday, 04 November 2014
Revenues are largely derived from an insurance pay-out for this quarter, though the y-o-y growth would be substantial without it. The harsh US winter of 2013/2014 resulted in significant salt destocking, which caused a larger than usual number of Q3 orders as customers prepare for the upcoming winter.
Kansas, US-based Compass Minerals Inc. has reported a Q3
year-on-year income growth of 77.3%, excluding special items,
as sales prices and volumes of its sulphate of potash (SOP) and
rock salt products increased the latter because of a
harsh US winter.
Rock salt incomes rose for the quarter...