EX-99.1 2 exh99_1.htm EXHIBIT 99.1 exh99_1.htm
 
Exhibit 99.1
 
 
 
AMCOL International Corporation (NYSE: ACO) Reports Second Quarter Results
 
HOFFMAN ESTATES, IL--(Marketwire - July 23, 2010) - AMCOL International Corporation (NYSE: ACO) today reported 2010 second quarter net income attributable to AMCOL shareholders of $0.51 per diluted share as compared to $0.20 per diluted share in the prior year's period.
 
Net sales increased 28.9% to $220.7 million for the quarter ended June 30, 2010 from $171.2 million in the 2009 period. Foreign currency fluctuations had a 1.9% favorable impact on our sales results for the quarter. Operating profit increased 72.3% over the 2009 second quarter to $23.7 million. Foreign currency fluctuations had a 5.8% favorable impact on current period operating profit.
 
Net sales for the six-month period ended June 30, 2010 increased 17.9% to $395.7 million, compared with $335.6 million for the 2009 period. Foreign currency fluctuations had a 2.8% favorable impact for the six-month period. Operating profit increased 44.1% over the 2009 period to $34.5 million. Foreign currency fluctuations had a 5.5% favorable impact on operating profit for the six-month period.
 
This release should be read in conjunction with the attached unaudited condensed consolidated financial statements. Further discussion of items and events impacting earnings are included later in this press release.
 
"The solid second quarter revenue growth across all our major segments helped drive strong bottom line results," said Larry Washow, AMCOL President and Chief Executive Officer. "The Minerals & Materials segment continued to perform well and we saw the seasonal improvement in our Environmental business following the difficult first quarter. Oilfield Services revenues were up nicely, and while its gross margins improved sequentially, we are still not back to last year's margin levels."
 
 
 
 
Washow continued, "The Minerals & Materials segment had another good quarter as the metalcasting markets are strong around the world. Our Asian business continues to grow as most countries in the region have rebounded from the economic slowdown. Much of our minerals business in Europe is consumer related so we have seen steady performance."
 
"Environmental activity has picked up substantially as better weather allowed the start of several delayed projects. Gross margins, however, are down from last year as revenues were comprised of more lining technology product sales. These markets are very competitive but our extensive global product and service base positions us well for a broad range of opportunities," Washow added.
 
"Oilfield Services activity did improve and we showed revenue growth over last year but margins were down as our businesses had some up front costs in anticipation of future growth and a different service mix. The hurricane season is here and the drilling moratorium in the Gulf of Mexico could cause issues in the third quarter. We are still focused on expanding our business outside of the US but it will take some time to impact the performance," Washow continued.
 
"Overall it was a very good quarter. As long as the economic environment is favorable, we should see the solid results in our Minerals & Materials segment. The Environmental segment is strongest in the second and third quarters and we are involved in several new projects, but the global activity is still down from 2008 levels. With all the uncertainty Oilfield Services is the most difficult to forecast but the sequential improvement is encouraging. With a stable economic environment and strong balance sheet management, we are looking for top line growth in the remainder of 2010," Washow concluded.
 
 
STATEMENT OF OPERATIONS HIGHLIGHTS:
 
The statement of operations highlights are supported by the segment results schedules included in this press release.
 
Net sales: The following details the components of sales by segment for the 2010 second quarter as compared to the prior year's second quarter.
 
Minerals & Materials: The majority of the revenue improvement was due to increased volumes, principally in domestic and Asian metalcasting markets resulting from increased demand for castings for automobiles and heavy equipment. Our basic minerals group had increased volumes driven by greater demand for drilling products for oil and gas wells.
 
 
 
 
Environmental: The revenue increase is due to increased demand for our lining technology products in the US and Europe, and shipment of products that could not ship in the first quarter due to inclement weather conditions in the US and Europe. Favorable foreign currency fluctuations also benefited revenue growth in the quarter.
 
Oilfield Services: The majority of the increase is due to greater demand in domestic coiled tubing and Australia filtration services. Favorable foreign currency fluctuations also benefited revenue growth in the quarter.
 
Transportation: Approximately half of the revenue increase was due to higher fuel-surcharges and the remainder was from greater demand for consumer product shipments.
 
Gross profit: Gross profit increased $13.6 million, or 28.9%, from the 2009 second quarter while gross margin remained consistent with the prior year at 27.5%.
 
Minerals & Materials: Gross profit increased $12.4 million, or 83.3%, from the 2009 quarter, and gross margins increased 590 basis points to 25.7%, principally due to greater volumes and increased operating efficiencies.
 
Environmental: Gross profit increased $0.6 million, or 3.0%, from the 2009 quarter. Gross margins decreased 440 basis points to 30.9%. The decrease in gross margin is principally due to increased competition in lining technology products.
 
Oilfield Services: Gross profit increased $0.4 million, or 3.6% from the 2009 quarter. Gross margin decreased 570 basis points to 29.7% due to increased labor and expansion costs as well as changes in the composition of revenues by service offering.
 
General, selling and administrative expenses (GS&A): GS&A expenses increased $3.7 million, or 11.0%, from the prior year quarter. Increased employee compensation and benefits expenses in Minerals & Materials and Corporate segments accounted for the majority of the increase. Approximately 14% of the increase was due to foreign currency fluctuations.
 
Interest expense, net: Interest expense, net decreased $0.8 million due to lower average debt levels and reduced overall average interest rates.
 
Other, net: Other, net is comprised mostly of foreign currency transaction and currency derivative gains and losses. The $1.8 million improvement is due to reduced losses from foreign currency transactions.
 
 
 
 
Income taxes: The second quarter results include income tax expense of $5.5 million versus an expense of $1.5 million in the prior year period. The increased expense results from greater pre-tax income. The effective tax rate increased as a greater portion of pre-tax income was generated in our domestic operations, which typically are subject to higher tax rates than those in effect in foreign countries.
 
Income (loss) from affiliates and joint ventures: The $1.7 million improvement over the prior year is due to improvements in the earnings of all affiliates and joint ventures, principally India, Belgium and Russia.
 
Share count: Our weighted average common and common equivalent shares outstanding increased 1.7% to 31.5 million; this reduced diluted earnings per share attributable to AMCOL shareholders for the quarter by one penny per share.
 
FINANCIAL POSITION AND CASH FLOW HIGHLIGHTS:
 
Long-term debt increased $16.4 million to $223.4 million at June 30, 2010, compared to $207.0 million at December 31, 2009. The increase was primarily due to our greater working capital investments to support our revenue growth. Total long-term debt, net represented 37.0% of capitalization at June 30, 2010 as compared to 35.3% at December 31, 2009. Cash and cash equivalents decreased $10.6 million to $17.0 million at June 30, 2010 compared to December 31, 2009.
 
Net working capital increased $26.7 million from December 31, 2009 to $230.4 million at June 30, 2010. The increase in working capital was due to increased sales volumes.
 
Cash flow generated from operating activities was $6.9 million for year-to-date June 30, 2010 compared with $65.5 million in the prior year period. In 2009, we decreased our working capital levels significantly in response to the economic recession and lower sales volumes. Thus, we generated significantly less cash flows from operations in the 2010 period as working capital levels increased over the 2009 period due to the increase in sales volumes.
 
Excluding our corporate building, capital expenditures for year-to-date June 30, 2010 were $25.9 million, of which $13.4 million relates to our 2009 purchase of a chrome mine in South Africa and the construction of a related processing facility. Comparative amounts in the 2009 period were $32.4 million and $15.1 million, respectively.
 
 
 
 
Dividends through June 30, 2010 remained roughly the same over the prior year period as our dividend per share has remained constant at $0.18 per quarter per share since the third quarter of 2008.
 
This release contains certain forward-looking statements regarding AMCOL's expected performance for future periods and actual results for such periods might materially differ. Such forward-looking statements are subject to uncertainties, which include, but are not limited to, actual growth in AMCOL's various markets, utilization of AMCOL's plants, currency exchange rates, currency devaluation, delays in development, production and marketing of new products, integration of acquired businesses, and other factors detailed from time to time in AMCOL's annual report and other reports filed with the Securities and Exchange Commission. AMCOL undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in AMCOL's expectations.
 
AMCOL International, headquartered in Hoffman Estates, IL, produces and markets a wide range of specialty mineral products used for industrial, environmental and consumer-related applications. AMCOL is the parent of American Colloid Company, CETCO (Colloid Environmental Technologies Company), CETCO Oilfield Services Company and the transportation operations, Ameri-co Carriers, Inc. and Ameri-co Logistics, Inc. AMCOL's common stock is traded on the New York Stock Exchange under the symbol ACO. AMCOL's web address is www.amcol.com. AMCOL's second quarter conference call will be available live today at 11 a.m. ET on the AMCOL website or by dialing 1-888-329-8889.
 
 
Financial tables follow.
 
 
 
 
 
AMCOL INTERNATIONAL CORPORATION
  
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
  
(unaudited)
  
(In thousands, except per share data)
  
                         
   
Six Months Ended
    
Three Months Ended
  
 
June 30,
    
June 30,
  
 
2010
    
2009
    
2010
    
2009
  
                         
Net sales
   $ 395,664     $ 335,619     $ 220,713     $ 171,200  
Cost of sales
     290,342       245,251       159,938       124,052  
Gross profit
     105,322       90,368       60,775       47,148  
General, selling and administrative expenses
     70,818       66,421       37,031       33,368  
Operating profit
     34,504       23,947       23,744       13,780  
Other income (expense):
                                
Interest expense, net
     (4,550 )     (6,566 )     (2,334 )     (3,159 )
Other, net
     (117 )     (2,714 )     330       (1,502 )
      (4,667 )     (9,280 )     (2,004 )     (4,661 )
Income before income taxes and income (loss) from affiliates and joint ventures
     29,837       14,667       21,740       9,119  
Income tax expense
     7,701       3,117       5,519       1,546  
Income before income (loss) from affiliates and joint ventures
     22,136       11,550       16,221       7,573  
                                 
Income (loss) from affiliates and joint ventures
     (71 )     (1,642 )     20       (1,634 )
                                 
Net income (loss)
     22,065       9,908       16,241       5,939  
                                 
Net income (loss) attributable to noncontrolling interests
     (212 )     (365 )     92       (158 )
                                 
Net income (loss) attributable to AMCOL shareholders
   $ 22,277     $ 10,273     $ 16,149     $ 6,097  
                                 
Weighted average common shares outstanding
     31,092       30,719       31,141       30,744  
                                 
Weighted average common and common equivalent shares outstanding
     31,467       30,928       31,515       30,984  
                                 
Basic earnings per share attributable to AMCOL shareholders
   $ 0.72     $ 0.33     $ 0.52     $ 0.20  
                                 
Diluted earnings per share attributable to AMCOL shareholders
   $ 0.71     $ 0.33     $ 0.51     $ 0.20  
                                 
Dividends declared per share
   $ 0.36     $ 0.36     $ 0.18     $ 0.18  

 
 
 
 
AMCOL INTERNATIONAL CORPORATION
  
CONDENSED CONSOLIDATED BALANCE SHEETS
  
(In thousands)
  
             
             
ASSETS
  
June 30,
    
December 31,
  
 
2010
    
2009
  
 
(unaudited)
       *  
Current assets:
              
Cash and equivalents
   $ 17,036     $ 27,669  
Accounts receivable, net
     182,134       148,260  
Inventories
     96,094       96,173  
Prepaid expenses
     15,975       12,509  
Deferred income taxes
     7,424       6,525  
Income tax receivable
     7,635       2,431  
Other
     5,463       463  
Total current assets
     331,761       294,030  
                 
Property, plant, equipment, mineral rights and reserves:
                
Land and mineral rights
     56,041       57,898  
Depreciable assets
     429,490       414,617  
      485,531       472,515  
Less: accumulated depreciation and depletion
     244,669       236,269  
                 
      240,862       236,246  
Other assets:
                
Goodwill
     69,177       71,156  
Intangible assets, net
     45,238       47,185  
Investments in and advances to affiliates and joint ventures
     32,472       32,228  
Available-for-sale securities
     24,518       25,563  
Deferred income taxes
     1,802       2,513  
Other assets
     21,172       25,339  
      194,379       203,984  
    $ 767,002     $ 734,260  
                 
                 
                 
LIABILITIES AND SHAREHOLDERS' EQUITY
                
               
Current liabilities:
                
Accounts payable
   $ 53,168     $ 40,335  
Accrued liabilities
     48,194       49,981  
Total current liabilities
     101,362       90,316  
                 
                 
Long-term debt
     223,373       207,017  
                 
Pension liabilities
     20,943       20,403  
Deferred compensation
     7,927       7,544  
Other liabilities
     32,821       29,208  
      61,691       57,155  
Equity:
                
Common stock
     320       320  
Additional paid in capital
     87,598       84,830  
Retained earnings
     286,328       275,200  
Accumulated other comprehensive income
     16,358       32,174  
      390,604       392,524  
Less:
                
Treasury stock
     11,377       14,377  
Total AMCOL shareholders' equity
     379,227       378,147  
Noncontrolling interest
     1,349       1,625  
Total equity
     380,576       379,772  
    $ 767,002     $ 734,260  
                 
                 
                 
* Condensed from audited financial statements.
                

 
 
 
AMCOL INTERNATIONAL CORPORATION
  
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
  
(In thousands)
  
             
   
Six Months Ended
  
 
June 30,
  
 
2010
    
2009
  
Cash flow from operating activities:
            
Net income
   $ 22,065     $ 9,908  
Adjustments to reconcile net income to net cash
                
provided by (used in) operating activities:
                
Depreciation, depletion, and amortization
     17,022       17,875  
Other non-cash charges
     3,655       3,630  
Changes in assets and liabilities, net of effects of acquisitions:
                
Decrease (increase) in current assets
     (49,570 )     45,157  
Decrease (increase) in noncurrent assets
     (1,832 )     (4,665 )
Increase (decrease) in current liabilities
     14,667       (8,004 )
Increase (decrease) in noncurrent liabilities
     843       1,639  
Net cash provided by (used in) operating activities
     6,850       65,540  
                 
Cash flow from investing activities:
                
Capital expenditures
     (25,939 )     (32,446 )
Capital expenditures - corporate building
     -       (6,400 )
Proceeds from sale of depreciable assets - corporate building
     -       6,400  
Receipts from (advances to) Chrome Corp
     -       6,000  
Investments in and advances to affiliates and joint ventures
     (1,985 )     (889 )
Other
     1,493       1,352  
Net cash used in investing activities
     (26,431 )     (25,983 )
Cash flow from financing activities:
                
Net change in outstanding debt
     17,808       (28,792 )
Proceeds from sales of treasury stock
     2,904       768  
Purchases of treasury stock
     -       (165 )
Dividends
     (11,149 )     (11,014 )
Excess tax benefits from stock-based compensation
     164       686  
Net cash provided by (used in) financing activities
     9,727       (38,517 )
Effect of foreign currency rate changes on cash
     (779 )     876  
Net increase (decrease) in cash and cash equivalents
     (10,633 )     1,916  
Cash and cash equivalents at beginning of period
     27,669       19,441  
Cash and cash equivalents at end of period
   $ 17,036     $ 21,357  

 
 
 
 
AMCOL INTERNATIONAL CORPORATION
SEGMENT RESULTS (unaudited)
QUARTER-TO-DATE
                         
Minerals and Materials
Three Months Ended June 30,
2010
  
2009
  
2010 vs 2009
 
(Dollars in Thousands)
                         
Net sales
  
 $    106,397
  
100.0%
  
 $      75,479
  
100.0%
  
 $      30,918
  
41.0%
Cost of sales
  
         79,057
  
74.3%
  
         60,567
  
80.2%
  
         18,490
  
30.5%
Gross profit
  
         27,340
  
25.7%
  
         14,912
  
19.8%
  
         12,428
  
83.3%
General, selling and
                        
administrative expenses
  
         11,014
  
10.4%
  
          9,129
  
12.1%
  
          1,885
  
20.6%
Operating profit
  
         16,326
  
15.3%
  
          5,783
  
7.7%
  
         10,543
  
182.3%
                         
                         
                         
Environmental
Three Months Ended June 30,
2010
  
2009
  
2010 vs 2009
 
(Dollars in Thousands)
                         
Net sales
  
 $      65,159
  
100.0%
  
 $      55,370
  
100.0%
  
 $       9,789
  
17.7%
Cost of sales
  
         45,037
  
69.1%
  
         35,843
  
64.7%
  
          9,194
  
25.7%
Gross profit
  
         20,122
  
30.9%
  
         19,527
  
35.3%
  
             595
  
3.0%
General, selling and
                        
administrative expenses
  
         12,108
  
18.6%
  
         12,373
  
22.3%
  
            (265)
  
-2.1%
Operating profit
  
          8,014
  
12.3%
  
          7,154
  
13.0%
  
             860
  
12.0%
                         
                         
                         
Oilfield Services
Three Months Ended June 30,
2010
  
2009
  
2010 vs 2009
 
(Dollars in Thousands)
                         
Net sales
  
 $      39,644
  
100.0%
  
 $      32,133
  
100.0%
  
 $       7,511
  
23.4%
Cost of sales
  
         27,874
  
70.3%
  
         20,770
  
64.6%
  
          7,104
  
34.2%
Gross profit
  
         11,770
  
29.7%
  
         11,363
  
35.4%
  
             407
  
3.6%
General, selling and
                        
administrative expenses
  
          7,217
  
18.2%
  
          6,913
  
21.5%
  
             304
  
4.4%
Operating profit
  
          4,553
  
11.5%
  
          4,450
  
13.9%
  
             103
  
2.3%
                         
                         
                         
Transportation
Three Months Ended June 30,
2010
  
2009
  
2010 vs 2009
 
(Dollars in Thousands)
                         
Net sales
  
 $      13,583
  
100.0%
  
 $      11,558
  
100.0%
  
 $       2,025
  
17.5%
Cost of sales
  
         12,040
  
88.6%
  
         10,212
  
88.4%
  
          1,828
  
17.9%
Gross profit
  
          1,543
  
11.4%
  
          1,346
  
11.6%
  
             197
  
14.6%
General, selling and
                        
administrative expenses
  
             844
  
6.2%
  
             837
  
7.2%
  
                 7
  
0.8%
Operating profit
  
             699
  
5.2%
  
             509
  
4.4%
  
             190
  
37.3%
                         
                         
                         
Corporate
Three Months Ended June 30,
        
2010
2009
  
2010 vs 2009
        
 
(Dollars in Thousands)
        
                         
Intersegment shipping sales
  
 $       (4,070)
  
 $      (3,340)
  
 $         (730)
            
Intersegment shipping costs
  
          (4,070)
  
         (3,340)
  
            (730)
            
Gross profit
  
                 -
  
                 -
  
                 -
            
General, selling and
                        
administrative expenses
  
          5,848
  
          4,116
  
          1,732
  
42.1%
        
Operating loss
  
          5,848
  
          4,116
  
          1,732
  
42.1%
        
                         

 
 
 
AMCOL INTERNATIONAL CORPORATION
SEGMENT RESULTS (unaudited)
YEAR-TO-DATE
                         
Minerals and Materials
Six Months Ended June 30,
2010
  
2009
  
2010 vs 2009
 
(Dollars in Thousands)
                         
Net sales
  
 $    204,085
  
100.0%
  
 $    155,636
  
100.0%
  
 $      48,449
  
31.1%
Cost of sales
  
       152,535
  
74.7%
  
       124,542
  
80.0%
  
         27,993
  
22.5%
Gross profit
  
         51,550
  
25.3%
  
         31,094
  
20.0%
  
         20,456
  
65.8%
General, selling and
                        
administrative expenses
  
         20,918
  
10.2%
  
         17,703
  
11.4%
  
          3,215
  
18.2%
Operating profit
  
         30,632
  
15.1%
  
         13,391
  
8.6%
  
         17,241
  
128.8%
                         
                         
                         
Environmental
Six Months Ended June 30,
2010
  
2009
  
2010 vs 2009
 
(Dollars in Thousands)
                         
Net sales
  
 $    103,334
  
100.0%
  
 $      99,603
  
100.0%
  
 $       3,731
  
3.7%
Cost of sales
  
         72,216
  
69.9%
  
         65,977
  
66.2%
  
          6,239
  
9.5%
Gross profit
  
         31,118
  
30.1%
  
         33,626
  
33.8%
  
         (2,508)
  
-7.5%
General, selling and
                        
administrative expenses
  
         23,321
  
22.6%
  
         22,778
  
22.9%
  
             543
  
2.4%
Operating profit
  
          7,797
  
7.5%
  
         10,848
  
10.9%
  
         (3,051)
  
-28.1%
                         
                         
                         
Oilfield Services
Six Months Ended June 30,
2010
  
2009
  
2010 vs 2009
 
(Dollars in Thousands)
                         
Net sales
  
 $      69,848
  
100.0%
  
 $      64,031
  
100.0%
  
 $       5,817
  
9.1%
Cost of sales
  
         50,064
  
71.7%
  
         41,063
  
64.1%
  
          9,001
  
21.9%
Gross profit
  
         19,784
  
28.3%
  
         22,968
  
35.9%
  
         (3,184)
  
-13.9%
General, selling and
                        
administrative expenses
  
         14,003
  
20.0%
  
         13,601
  
21.2%
  
             402
  
3.0%
Operating profit
  
          5,781
  
8.3%
  
          9,367
  
14.7%
  
         (3,586)
  
-38.3%
                         
                         
                         
Transportation
Six Months Ended June 30,
2010
  
2009
  
2010 vs 2009
 
(Dollars in Thousands)
                         
Net sales
  
 $      25,703
  
100.0%
  
 $      22,849
  
100.0%
  
 $       2,854
  
12.5%
Cost of sales
  
         22,833
  
88.8%
  
         20,169
  
88.3%
  
          2,664
  
13.2%
Gross profit
  
          2,870
  
11.2%
  
          2,680
  
11.7%
  
             190
  
7.1%
General, selling and
                        
administrative expenses
  
          1,660
  
6.5%
  
          1,690
  
7.4%
  
              (30)
  
-1.8%
Operating profit
  
          1,210
  
4.7%
  
             990
  
4.3%
  
             220
  
22.2%
                         
                         
                         
Corporate
Six Months Ended June 30,
        
              2010
              2009
  
2010 vs 2009
        
 
(Dollars in Thousands)
        
                         
Intersegment shipping sales
  
 $      (7,306)
  
 $      (6,500)
  
 $         (806)
            
Intersegment shipping costs
  
         (7,306)
  
         (6,500)
  
            (806)
            
Gross profit
  
                 -
  
                 -
  
                 -
            
General, selling and
                        
administrative expenses
  
         10,916
  
        10,649
  
             267
  
2.5%
        
Operating loss
  
        (10,916)
  
       (10,649)
  
            (267)
  
2.5%
        
                         

 
 
 
 
 
 
 
AMCOL INTERNATIONAL CORPORATION
  
SUPPLEMENTARY INFORMATION (unaudited)
QUARTER-TO-DATE
  
                             
  Composition of Sales by Geographic Region
Three Months Ended June 30, 2010
  
      Americas       EMEA         Asia Pacific         Total  
Minerals and materials
  
30.8%
    
8.0%
      
9.4%
      
48.2%
  
Environmental
  
14.3%
    
12.5%
      
2.7%
      
29.5%
  
Oilfield services
  
15.3%
    
0.7%
      
1.9%
      
17.9%
  
Transportation
  
4.4%
    
0.0%
      
0.0%
      
4.4%
  
Total - current year's period
  
64.8%
    
21.2%
      
14.0%
      
100.0%
  
Total from prior year's comparable period
  
63.7%
    
25.2%
      
11.1%
      
100.0%
  
                             
                             
                             
Percentage of Revenue Growth by Component
Three Months Ended June 30, 2010
  
 
vs.
  
 
Three Months Ended June 30, 2009
  
      Base Business       Acquisitions         Foreign Exchange         Total  
Minerals and materials
  
17.4%
    
0.0%
      
0.7%
      
18.1%
  
Environmental
  
4.7%
    
0.3%
      
0.7%
      
5.7%
  
Oilfield services
  
3.9%
    
0.0%
      
0.5%
      
4.4%
  
Transportation
  
0.8%
    
0.0%
      
0.0%
      
0.8%
  
Total
  
26.8%
    
0.3%
      
1.9%
      
29.0%
  
% of growth
  
92.6%
    
0.9%
      
6.5%
      
100.0%
  
                             
                             
                             
Minerals and Materials Product Line Sales
Three Months Ended June 30,
          
   
2010
    
2009
      
% change
          
 
(Dollars in Thousands)
          
Metalcasting
  
 $      49,857
    
 $      30,954
      
61.1%
          
Specialty materials
  
         27,055
    
         22,007
      
22.9%
          
Pet products
  
         14,453
    
         15,355
      
-5.9%
          
Basic minerals
  
         13,429
    
          6,090
      
120.5%
          
Other product lines
  
          1,603
    
          1,073
      
*
          
  Total
  
       106,397
    
         75,479
                  
                             
    * Not meaningful.
                            
                             
                             
                             
Environmental Product Line Sales
Three Months Ended June 30,
          
   
2010
    
2009
      
% change
          
 
(Dollars in Thousands)
                
Lining technologies
  
 $      35,022
    
 $      25,179
      
39.1%
          
Building materials
  
         13,540
    
         15,099
      
-10.3%
          
Contracting services
  
         10,425
    
          9,491
      
9.8%
          
Drilling products
  
          6,172
    
          5,601
      
10.2%
          
  Total
  
         65,159
    
         55,370
                  
                             
 
 
 
 
 
 
 
AMCOL INTERNATIONAL CORPORATION
  
SUPPLEMENTARY INFORMATION (unaudited)
YEAR-TO-DATE
  
                             
  Composition of Sales by Geographic Region
Six Months Ended June 30, 2010
  
      Americas       EMEA         Asia Pacific         Total  
  Minerals and materials
  
32.8%
    
8.8%
      
9.9%
      
51.5%
  
  Environmental
  
12.6%
    
11.0%
      
2.5%
      
26.1%
  
  Oilfield services
  
14.9%
    
0.7%
      
2.1%
      
17.7%
  
  Transportation
  
4.7%
    
0.0%
      
0.0%
      
4.7%
  
  Total - current year's period
  
65.0%
    
20.5%
      
14.5%
      
100.0%
  
  Total from prior year's comparable period
  
66.9%
    
22.7%
      
10.4%
      
100.0%
  
                             
                             
                             
Percentage of Revenue Growth by Component
Six Months Ended June 30, 2010
  
 
vs.
  
 
Six Months Ended June 30, 2009
  
      Organic       Acquisitions         Foreign Exchange         Total  
  Minerals and materials
  
13.2%
    
0.0%
      
1.2%
      
14.4%
  
  Environmental
  
-0.2%
    
0.2%
      
1.1%
      
1.1%
  
  Oilfield services
  
1.2%
    
0.0%
      
0.5%
      
1.7%
  
  Transportation
  
0.6%
    
0.0%
      
0.0%
      
0.6%
  
  Total
  
14.8%
    
0.2%
      
2.8%
      
17.8%
  
  % of growth
  
83.2%
    
1.1%
      
15.7%
      
100.0%
  
                             
 
 
 Minerals and Materials Product Line Sales     Six Months Ended June 30,  
   
2010
    
2009
    
% change
  
 
(Dollars in Thousands)
  
                   
Metalcasting
  
 $      94,197
    
 $      62,495
    
50.7%
  
Specialty materials
  
         52,863
    
         44,669
    
18.3%
  
Pet products
  
         30,891
    
         32,770
    
-5.7%
  
Basic minerals
  
         22,775
    
         13,940
    
63.4%
  
Other product lines
  
          3,359
    
          1,762
    
*
  
  Total
  
       204,085
    
       155,636
        
                   
    * Not meaningful.
                  
                   
                   
                   
Environmental Product Line Sales
Six Months Ended June 30,
  
   
2010
    
2009
    
% change
  
 
(Dollars in Thousands)
  
                   
Lining technologies
  
 $      51,587
    
 $      45,284
    
13.9%
  
Building materials
  
         26,041
    
         27,477
    
-5.2%
  
Contracting services
  
         14,639
    
         16,139
    
-9.3%
  
Drilling products
  
         11,067
    
         10,703
    
3.4%
  
  Total
  
       103,334
    
         99,603
        
                   
 
 
 

 
For further information, contact:
Don Pearson
Vice President & CFO
847.851.1500