Compass Minerals Provides Fourth-Quarter Snow Data and Update on Salt Segment Sales

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Jan 06, 2021
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Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, reported today that fourth-quarter 2020 winter weather activity in its North American-served market was below fourth-quarter 2019 levels but in-line with the 10-year historic average. While winter weather in the fourth quarter of 2020 was average throughout most of its North American market, the Chicago to Milwaukee corridor experienced a minimal number of snow events, with just three for the entire period. Due to the timing of the majority of snow events falling late in the fourth quarter of 2020, the company anticipates the full effect of related salt sales to be realized during the first quarter of 2021 as customers begin to replenish inventories.