Compass, The Andersons Release 3Q Results
Compass Minerals, Overland Park, Kan., reported a third-quarter decline
in net earnings to $10.6 million ($0.31 per diluted share) on sales of $341.3
million, down from the year-ago $12.8 million ($0.37 per share) $322.5 million,
respectively. However, Plant Nutrition North America operating income was up at
$4.7 million on sales of $44.4 million from the year-ago $2.3 million and $41.7
million, respectively. While volumes were up, prices were down.
The Andersons Inc., Maumee, Ohio, reported a third-quarter loss attributable to
the company of $4.2 million ($0.13 per diluted share) on sales of $1.98 billion
compared to the year-ago loss of $2.1 million ($0.07 per share) and $685.6
million, respectively. The company’s Plant Nutrient Group reported a
third-quarter adjusted pretax loss of $7.4 million on sales of $109.4 million versus
the year-ago loss of $8 million and $104.2 million, respectively.