Salt, South America Weigh on Compass Minerals

Compass Minerals International (NYSE: CMP) has sought to diversify its business in recent years, adding a greater emphasis on plant nutrition products to complement its road salt unit. Even though the move has taken away one element of seasonality from the company's overall results, it hasn't made Compass invulnerable to simultaneous slowdowns for portions of both businesses.

Coming into Monday's second-quarter financial report, Compass investors were prepared for net losses yet wanted to see continued revenue gains from the expansion of its agriculture business in South America. Compass' losses were worse than expected, however, although the company remains optimistic that it can manage to make up for lost ground and still have maintain its expected performance for the full year. Let's look more closely at Compass Minerals and what its results mean for the company's future.

Image source: Compass Minerals.

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Source: Fool.com