8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 16, 2010

O.I. CORPORATION

(Exact name of registrant as specified in its charter)

Oklahoma	0-6511	73-0728053
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

151 Graham Road, P.O. Box 9010, College Station, Texas	77842-9010
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code:  (979) 690-1711

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

q Written communications pursuant to Rule 425 under the Securities Act

q Soliciting material pursuant to Rule 14a-12 under the Exchange Act

q Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

q Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Item 2.02                      Results of Operations and Financial Condition.

On August 16, 2010, O.I. Corporation issued a press release reporting its results of operations for its fiscal quarter ended June 30, 2010.  A copy of the press release is furnished herewith as Exhibit 99.1.

In accordance with General Instruction B.2 of Form 8-K, the information contained in this Report, including the exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.

Item 9.01.                      Exhibits and Financial Statements.

(d)           Exhibits

Exhibit 99.1                                Press Release dated August 16, 2010.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

O.I. CORPORATION

Date:  August 16, 2010

By:  /s/ J. Bruce Lancaster

J. Bruce Lancaster,

Chief Executive Officer &

Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release of O.I. Corporation dated August 16, 2010

EX-99.1

EXHIBIT 99.1

O.I. Corporation Announces Results for Second Quarter of 2010

College Station, Texas---August 16, 2010—O.I. Corporation (NASDAQ: OICO) today announced its results for the three months ended June 30, 2010.  These results are summarized below.

The limited information contained in this press release is not adequate information upon which to make an informed investment decision.   Accordingly, we urge investors to read our Annual Report on Form 10-K for the year ended December 31, 2009 which we filed with the Securities Exchange Commission (SEC) on March 15, 2010.  Additional information regarding our second quarter performance is available in our Quarterly Report on Form 10-Q which we filed with the SEC earlier today.  This document is available on our website at www.oico.com/oicorp and the SEC’s website at www.sec.gov.

O.I. CORPORATION

FINANCIAL HIGHLIGHTS

(in thousands, except earnings per share amounts)

	Three Months Ended June 30
	2010		2009
Net revenues	$	6,444	$	4,876
Operating income (loss)		766		(3	)
Income before income taxes		772		13
Provision for income taxes		316		-
Net income		456		13
Basic earnings per share		0.19		0.01
Diluted earnings per share		0.19		0.01

Balance Sheet Data
	June 30,		December 31,
Assets	2010		2009
Cash and investments	$	5,071	$	4,614
Accounts receivable		5,782		4,371
Inventories		5,404		5,657
Other current assets		1,311		1,828
Total current assets		17,568		16,470
Long-term assets		3,979		4,117
Total assets	$	21,547	$	20,587
Liabilities and Stockholders' Equity
Total liabilities	$	3,298	$	2,895
Stockholders' equity:		18,249		17,692
Total liabilities and stockholders' equity	$	21,547	$	20,587

Selected Data

The following table provides additional information regarding free cash flow, a non-GAAP measure, and book value per share.

	Six Months Ended
	June 30,			June 30,
$(000)	2010			2009
Net income (loss)	$	761		$	(483	)
Net interest income		(20	)		(27	)
Tax expense (benefit)		456			(244	)
Depreciation/amortization expense		240			271
EBITDA		1,437			(483	)
Capital expenditures		(130	)		(37	)
Free cash flow	$	1,307		$	(520	)
Period end Shares Outstanding		2,361,628			2,355,223
Period end Book Value per share	$	7.73		$	7.35

About O.I. Corporation:

O.I. Corporation, dba OI Analytical, develops, manufactures, sells, and services analytical instrumentation that detects, measures, analyzes, and monitors chemicals in liquids, solids, and gases.  Providing products used to digest, extract, and separate components of chemical mixtures, the Company designs application-specific solutions for various industries including environmental testing, defense, and petrochemical.  Headquartered in College Station, Texas, the Company's products are sold worldwide.

Visit the Company's web site at:

http://www.oico.com

Investor Relations:

Bruce Lancaster

Chief Executive Officer &

Chief Financial Officer

979.690.1711