UPDATE 1-Compass Minerals Q1 profit lags Wall Street view

* EPS $01.77 vs est EPS $1.96

* Revenue up 16 pct to $357.6 mln

April 27 (BestGrowthStock) – Compass Minerals International Inc
(CMP.N: ) posted a lower-than-expected quarterly profit, hurt by
milder winter weather.

The company, which makes salt, sulfate of potash and
magnesium chloride, however, said the price and volume
volatility in the potash industry had “substantially” subsided.

“We expect our sulfate of potash specialty fertilizer
prices to remain stable and attractive through the upcoming
growing seasons and more-normal sales volumes will become
sustainable later in 2010,” Compass Minerals said.

For the first quarter, the company earned $58.9 million, or
$1.77 a share, compared with $61.6 million, or $1.85 a share a
year ago.

Revenue rose 16 percent to $357.6 million.

Analysts on average were looking for earnings of $1.96 a
share, before items, on revenue of $349.1 million, according to
Thomson Reuters I/B/E/S.

Mild winter reduced sales of consumer and professional
de-icing and highway de-icing products by about $40 million to
$45 million, and hurt salt operating earnings by about $15
million to $20 million, Compass Minerals said.

Shares of the Overland Park, Kansas-based company closed at
$77.46 Tuesday on the New York Stock Exchange.

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(Reporting by Vinay Sarawagi in Bangalore; Editing by Don

UPDATE 1-Compass Minerals Q1 profit lags Wall Street view