Tornado related losses depressed our second half sold operating earnings by more than $16 million. Then late in the year, our primary North American sales region experienced the mildest fourth quarter weather in more than a decade further constraining fourth quarter salt earnings.Even though it was a very unusual and difficult year, the salt segment still posted a 21% operating margin which is very similar to our pre-2009 operating margins. Excluding the impact of the tornado, the salt operating margin was about 23% for the year and 27% for the fourth quarter. Adding back the mild winter weather impact would make these attractive margins even higher.
Compass Minerals' CEO Discusses Q4 2011 Results - Earnings Call Transcript
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