Compass Minerals (CMP) Reports Q3 EPS Of 80c, Updates FY Guidance

Compass Minerals (NYSE: CMP) reported Q3 EPS of $0.80, may not compare to the analyst estimate of $0.83. Revenue for the quarter came in at $232.7 million versus the consensus estimate of $249.11 million.

Compass Minerals sees FY2015 EPS of $5.20-$5.50, versus prior guidance of $5.10-$5.60 and the consensus of $5.30.

• Salt segment margin optimization strategies, including our highway deicing bid season results, and lower fuel costs are expected to yield an improved segment operating margin in the fourth quarter versus the prior year.
• An average winter in the company's served market is expected to increase highway deicing sales volumes above prior year levels. This expectation is a result of securing increased highway deicing commitments in North America. Average pricing for Compass Minerals awarded bids is down approximately 7 percent from 2014 results.
• Plant nutrition sales volumes are expected to improve sequentially as growers initiate fall fertilizer applications, but volumes are likely to remain below last year's result. Average selling prices for these products are expected to increase sequentially due to product sales mix changes.

For earnings history and earnings-related data on Compass Minerals (CMP) click here.

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