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Compass Minerals reports sales surge due to late winter snow

9:00 AM MDT | April 29, 2013 | Lindsay Frost

Late winter snow helped sales and earnings for Compass Minerals, which reported several increases today in its first-quarter results. Net income grew 16% year-on-year (YOY), to $46.6 million, while earnings per share of $1.38/share well surpassed analyst consensus of $1.12/share, according to Thomson Reuters (New York). Sales were up 22%, to $383.7 million, because of a return to typical winter weather pushing salt segment sales higher, though specialty fertilizer sales were lower. “Typical winter weather finally arrived in many of our key markets this...

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