Compass Minerals, Overland Park, Kan. reported a second-quarter net loss of $7.6 million ($0.23 per diluted share) on sales of $246.7 million, compared to a year-ago net loss of $6.4 million ($0.19 per diluted share) and $228 million, respectively.
Operating earnings were down in both of its Plant Nutrition segments, both North America and South America. They were up for Salt.
“Our second quarter is typically our lowest earnings period, however I am pleased that we delivered top-line growth across all our businesses. This provides a strong indicator that the fundamental market conditions for our businesses globally have continued to improve in 2018,” said Fran Malecha, president and CEO. “I believe we are now better positioned to deliver on our efficiency investments in our salt business, drive growth in our specialty plant nutrition business and capitalize on strong grower economics in South America.”