These results demonstrate the real underlying growth of our salt segment operating earnings, which we can attribute to the improvements we’ve made in pro forma per-unit salt costs. Rod will discuss the impact of the tornado on our results in just a few moments.Now, unfortunately, the reality is that the impact of the mild winter isn’t fully behind us yet. It’s likely that bid volumes will be lower this year, though it’s hard to know how much lower. The reference points I can give you are that after a very mild 2009-2010 winter, bid volumes were down 3%, while after the very mild 1999-2000 winter, bid volumes were down 4%.
Compass Minerals International's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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