sector: Basic Materials ·
industry: Chemicals - Agricultural ·
As of
2:33am IST
66.60USD
Compass Minerals International, Inc. is a producer of minerals, including salt, sulfate of potash specialty fertilizer and magnesium chloride. As of December 31, 2008, the Company operated 10 production and packaging facilities, including the rock salt mine in Goderich, Ontario and a salt mine in the United Kingdom in Winsford, Cheshire. Its product lines include salt and sulfate of potash, and it operates a records management business. These products are used for highway deicing, dust control, consumer deicing, water conditioning, consumer and industrial food preparation, agricultural and industrial applications. It is a producer of sulfate of potash, which is used in the production of specialty fertilizers for high-value crops and turf. In the United Kingdom, the Company operates a records management business utilizing excavated areas of its Winsford salt mine with two other locations in London, England. In April 2009, the Company acquired the salt business of Cutler-Magner Company.
BRIEF: For the nine months ended 30 September 2009, Compass Minerals International, Inc.'s revenue decreased 16% to $650.9M. Net income increased 28% to $101.4M. Revenues reflect lower sales in the Salt segment and decrease in income from specialty fertilizer segments. Net income was offset by a decrease in shipping & handling cost, lower product cost, there by an improvement in the gross profit margin and a decrease in the interest expenses.
Compass Minerals International, Inc.
9900 West 109th Street
Suite 600
Overland Park KS 66210
P: +1913.3449200