Compass Minerals International, Inc. (CMP) Misses Q1 EPS by 8c, Offers FY15 Outlook

Compass Minerals International, Inc. (NYSE: CMP) reported Q1 EPS of $1.79, $0.08 worse than the analyst estimate of $1.87. Revenue for the quarter came in at $393 million versus the consensus estimate of $412.25 million.

OUTLOOK

A summary of the company’s second-quarter and full-year outlook is summarized in the table below. Adjustments to prior guidance include a slight reduction in full-year plant nutrition volume guidance to reflect the partial impact of lower compacted sulfate of potash production in the first quarter.

Market fundamentals remain strong for both business segments. The company expects that the average winter experienced in our served markets will result in a typical bid season. In the plant nutrition business, demand for sulfate of potash continues to be healthy at current price levels, while micronutrient sales are expected to rebound as farming activity strengthens later this year. The company continues to execute margin maximization efforts throughout its operations.

The company reiterates its full-year EPS guidance of $5.10 to $5.60 per diluted share.

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

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