Compass Minerals International said Tuesday that as a result of above-average winter weather in its primary North American service areas, Q4 salt sales volumes were above prior-year results.
The company sold approximately 3.0 million tons of highway deicing salt products in the fourth quarter of 2016, up 27% on last year. Sales of all salt products reached 3.7 million tons in the 2016 period compared to 3.0 million tons in the fourth quarter of 2015.
“I am very encouraged by the strength of our salt sales results this quarter, which are at the upper end of our guidance range,” said Fran Malecha, Compass Minerals’ president and CEO. “If average snow events in our markets continue throughout the remainder of winter, we would expect improved market conditions for the highway deicing industry in 2017.”