Compass Minerals (NYSE: CMP) reports that robust pre-season demand for
deicing products more than offset lower in-season demand resulting from
below average snow activity in the company’s core service areas.
- Q3 revenues of $1.56B, increase of 8% over Q3 revenues in 2013 - - Operating profit of $262M, 18% increase over Q3 2013 - - Adjusted net income for the third quarter is $180M, 8.2% less than the parallel period in Q3 2013, impacted by short term exchange rate fluctuations and higher taxes -
- ICL continues to implement its "Next Step Forward" strategy: ICL Performance Products segment signs agreement to divest several non-core businesses for $260M (after taxes); proceeds to be invested in ICL's core businesses in agriculture, food and engineered materials ICL to invest $435M in several stages until 2017 for capacity expansion and optimization of salt and potash production at ICL Iberia's Suria mine and Barcelona Port sites Efficiency plan will lead to $80M savings by year end 2014 and to $350M by the end of 2016 Company evaluating additional ways of accelerating its growth and diversification of mineral resources outside of Israel TEL AVIV, Israel ,
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