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In a release after the market closedon Monday, the Overland Park-bases company (NYSE: CMP) reported earningsd of $61.6 million, or $1.8 5 a share, for the quarter that ended March 31. This is a 25 percenyt increasefrom $49.1 million, or $1.487 a share, last Six analysts surveyed by reported a consensuws earnings estimate of $2.1e4 a share for the The company said that stron g salt and specialty potash fertilizer pricing offset lower sales volumes. Salews for the quarter were were $309.1 million, down 18.7 perceng from $390 million last year. Sales includex a $27.8 million unfavorable foreign exchange thecompany said.
“Continued strong pricing enablecd us to deliver the strongest operating and net earningsw of any first quarter in our Compass CEO Angelo Brisimitzakis said inthe release. “However, we experience declines in sales volumesz in both of ouroperating segments, with salt saled reflecting milder-than-normal winter weathee in the Midwest and specialty fertilizer salesx mirroring the very weak demand which persists throughout the global potash industry.” Compass Minerals ranks No. 18 on the Kansaas City BusinessJournal ’ss list of area public companies.
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