* Q1 EPS $1.85 missed est. $2.14
* Q1 sales $309.1 mln miss est. $380.0 mln
* de-icing salt sales fell due to milder winter
April 27 (Reuters) - Specialty salts and fertilizer maker, Compass Minerals International Inc posted quarterly results that missed market estimates, hurt by a decline in sales in its de-icing salt and fertilizer segments.
The company, which depends on the severity of winter for the sale of its de-icing salt that clears snow, said its salt sales fell reflecting a milder-than-normal winter weather in the Midwest.
In the first quarter, the company earned $61.6 million, or $1.85 a share, compared with $49.1 million, or $1.48 a share, in the year ago period.
Revenue fell about 19 percent to $309.1 million, with sales at the de-icing salt segment fell about 18 percent to $268.8 million.
Sales at its fertilizer segment fell about 20 percent because of weak demand, which persists throughout the global potash industry, the company said.
Shares of the company closed at $51.54 Monday on the New York Stock Exchange.
(Reporting by Sakthi Prasad in Bangalore; Editing by Pradeep Kurup) Keywords: COMPASSMINERALS/ (sakthi.prasad@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: sakthi.prasad.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Q1 sales $309.1 mln miss est. $380.0 mln
* de-icing salt sales fell due to milder winter
April 27 (Reuters) - Specialty salts and fertilizer maker, Compass Minerals International Inc posted quarterly results that missed market estimates, hurt by a decline in sales in its de-icing salt and fertilizer segments.
The company, which depends on the severity of winter for the sale of its de-icing salt that clears snow, said its salt sales fell reflecting a milder-than-normal winter weather in the Midwest.
In the first quarter, the company earned $61.6 million, or $1.85 a share, compared with $49.1 million, or $1.48 a share, in the year ago period.
Revenue fell about 19 percent to $309.1 million, with sales at the de-icing salt segment fell about 18 percent to $268.8 million.
Sales at its fertilizer segment fell about 20 percent because of weak demand, which persists throughout the global potash industry, the company said.
Shares of the company closed at $51.54 Monday on the New York Stock Exchange.
(Reporting by Sakthi Prasad in Bangalore; Editing by Pradeep Kurup) Keywords: COMPASSMINERALS/ (sakthi.prasad@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: sakthi.prasad.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.