Compass Minerals, Overland Park, Kan., announced Oct. 23 that production rates at its Goderich, Ont., salt mine were lower-than-expected for the third quarter of 2018. As a result, the company now expects full-year earnings per share to range from $2.20-$2.50, down from the earlier $2.75-$3.25. However, the company said Plant Nutrition business has executed well and is expected to deliver strong third-quarter 2018 results.
The company estimates a negative impact of $15 million to third-quarter 2018 Salt segment earnings related to the cost impact of the lower production rates.