Delaware
State of Other Jurisdiction of Incorporation
|
0-15661
Commission File Number
|
36-0724340
I.R.S. Employer Identification Number
|
Number
|
Exhibit
|
99.1 |
Press Release titled “AMCOL INTERNATIONAL (NYSE:ACO) REPORTS SECOND QUARTER RESULTS”
|
Date: July 22, 2011
|
AMCOL INTERNATIONAL CORPORATION
By: /s/ Ryan F. McKendrick
Ryan F. McKendrick
President and Chief Executive Officer
|
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,
|
|||||||||||||||
2011
|
2010
|
2011
|
2010
|
|||||||||||||
Net sales
|
$ | 473,248 | $ | 395,664 | $ | 250,833 | $ | 220,713 | ||||||||
Cost of sales
|
352,334 | 290,342 | 188,039 | 159,938 | ||||||||||||
Gross profit
|
120,914 | 105,322 | 62,794 | 60,775 | ||||||||||||
General, selling and administrative expenses
|
80,214 | 70,818 | 40,664 | 37,031 | ||||||||||||
Operating profit
|
40,700 | 34,504 | 22,130 | 23,744 | ||||||||||||
Other income (expense):
|
||||||||||||||||
Interest expense, net
|
(5,484 | ) | (4,550 | ) | (2,802 | ) | (2,334 | ) | ||||||||
Other, net
|
113 | (117 | ) | 489 | 330 | |||||||||||
(5,371 | ) | (4,667 | ) | (2,313 | ) | (2,004 | ) | |||||||||
Income before income taxes and income (loss) from affiliates and joint ventures
|
35,329 | 29,837 | 19,817 | 21,740 | ||||||||||||
Income tax expense
|
10,331 | 7,701 | 5,966 | 5,519 | ||||||||||||
Income before income (loss) from affiliates and joint ventures
|
24,998 | 22,136 | 13,851 | 16,221 | ||||||||||||
Income (loss) from affiliates and joint ventures
|
996 | (71 | ) | (93 | ) | 20 | ||||||||||
Net income (loss)
|
25,994 | 22,065 | 13,758 | 16,241 | ||||||||||||
Net income (loss) attributable to noncontrolling interests
|
4 | (212 | ) | 3 | 92 | |||||||||||
Net income (loss) attributable to AMCOL shareholders
|
$ | 25,990 | $ | 22,277 | $ | 13,755 | $ | 16,149 | ||||||||
Weighted average common shares outstanding
|
31,611 | 31,092 | 31,706 | 31,141 | ||||||||||||
Weighted average common and common equivalent shares outstanding
|
32,099 | 31,467 | 32,206 | 31,515 | ||||||||||||
Basic earnings per share attributable to AMCOL shareholders
|
$ | 0.82 | $ | 0.72 | $ | 0.43 | $ | 0.52 | ||||||||
Diluted earnings per share attributable to AMCOL shareholders
|
$ | 0.81 | $ | 0.71 | $ | 0.43 | $ | 0.51 | ||||||||
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,
|
||||||
2011
|
2010
|
|||||||
(unaudited)
|
* | |||||||
Current assets:
|
||||||||
Cash and equivalents
|
$ | 17,928 | $ | 27,262 | ||||
Accounts receivable, net
|
228,525 | 193,968 | ||||||
Inventories
|
120,279 | 107,515 | ||||||
Prepaid expenses
|
18,297 | 12,581 | ||||||
Deferred income taxes
|
5,668 | 5,553 | ||||||
Income tax receivable
|
12,810 | 8,474 | ||||||
Other
|
336 | 6,211 | ||||||
Total current assets
|
403,843 | 361,564 | ||||||
Noncurrent assets:
|
||||||||
Property, plant, equipment, mineral rights and reserves:
|
||||||||
Land
|
11,237 | 11,591 | ||||||
Mineral rights
|
49,140 | 51,435 | ||||||
Depreciable assets
|
477,513 | 454,351 | ||||||
537,890 | 517,377 | |||||||
Less: accumulated depreciation and depletion
|
273,528 | 256,889 | ||||||
264,362 | 260,488 | |||||||
Goodwill
|
71,729 | 70,909 | ||||||
Intangible assets, net
|
39,259 | 42,590 | ||||||
Investments in and advances to affiliates and joint ventures
|
22,580 | 19,056 | ||||||
Available-for-sale securities
|
6,552 | 14,168 | ||||||
Deferred income taxes
|
5,898 | 7,570 | ||||||
Other assets
|
24,418 | 22,748 | ||||||
Total noncurrent assets
|
434,798 | 437,529 | ||||||
Total Assets
|
$ | 838,641 | $ | 799,093 | ||||
LIABILITIES AND SHAREHOLDERS' EQUITY
|
||||||||
Current liabilities:
|
||||||||
Accounts payable
|
$ | 61,279 | $ | 53,167 | ||||
Accrued liabilities
|
72,120 | 59,308 | ||||||
Total current liabilities
|
133,399 | 112,475 | ||||||
Noncurrent liabilities:
|
||||||||
Long-term debt
|
240,532 | 236,171 | ||||||
Pension liabilities
|
21,738 | 21,338 | ||||||
Deferred compensation
|
9,547 | 8,686 | ||||||
Other long-term liabilities
|
19,035 | 19,987 | ||||||
Total noncurrent liabilities
|
290,852 | 286,182 | ||||||
Shareholders' Equity:
|
||||||||
Common stock
|
320 | 320 | ||||||
Additional paid in capital
|
91,364 | 95,074 | ||||||
Retained earnings
|
297,828 | 283,189 | ||||||
Accumulated other comprehensive income
|
24,398 | 28,936 | ||||||
Less: Treasury stock
|
(4,380 | ) | (8,945 | ) | ||||
Total AMCOL shareholders' equity
|
409,530 | 398,574 | ||||||
Noncontrolling interest
|
4,860 | 1,862 | ||||||
Total equity
|
414,390 | 400,436 | ||||||
Total Liabilities and Shareholders' Equity
|
$ | 838,641 | $ | 799,093 | ||||
* Condensed from audited financial statements.
|
AMCOL INTERNATIONAL CORPORATION
|
||||||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
|
||||||||
(In thousands)
|
||||||||
Six Months Ended
|
||||||||
June 30,
|
||||||||
2011
|
2010
|
|||||||
Cash flow from operating activities:
|
||||||||
Net income
|
$ | 25,994 | $ | 22,065 | ||||
Adjustments to reconcile net income to net cash
|
||||||||
provided by (used in) operating activities:
|
||||||||
Depreciation, depletion, and amortization
|
19,731 | 17,022 | ||||||
Other non-cash charges
|
2,891 | 3,655 | ||||||
Changes in assets and liabilities, net of effects of acquisitions:
|
||||||||
Decrease (increase) in current assets
|
(57,469 | ) | (49,570 | ) | ||||
Decrease (increase) in noncurrent assets
|
(843 | ) | (1,832 | ) | ||||
Increase (decrease) in current liabilities
|
22,016 | 14,667 | ||||||
Increase (decrease) in noncurrent liabilities
|
1,528 | 843 | ||||||
Net cash provided by (used in) operating activities
|
13,848 | 6,850 | ||||||
Cash flow from investing activities:
|
||||||||
Capital expenditures
|
(24,800 | ) | (25,939 | ) | ||||
Investments in and advances to affiliates and joint ventures
|
(1,276 | ) | (1,985 | ) | ||||
Other
|
1,718 | 1,493 | ||||||
Net cash (used in) investing activities
|
(24,358 | ) | (26,431 | ) | ||||
Cash flow from financing activities:
|
||||||||
Net change in outstanding debt
|
4,530 | 17,808 | ||||||
Proceeds from sales of treasury stock
|
6,619 | 2,904 | ||||||
Dividends
|
(11,351 | ) | (11,149 | ) | ||||
Excess tax benefits from stock-based compensation
|
651 | 164 | ||||||
Net cash provided by (used in) financing activities
|
449 | 9,727 | ||||||
Effect of foreign currency rate changes on cash
|
727 | (779 | ) | |||||
Net increase (decrease) in cash and cash equivalents
|
(9,334 | ) | (10,633 | ) | ||||
Cash and cash equivalents at beginning of period
|
27,262 | 27,669 | ||||||
Cash and cash equivalents at end of period
|
$ | 17,928 | $ | 17,036 | ||||
AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||||||||||
SEGMENT RESULTS (unaudited)
|
||||||||||||||||||||||||
QUARTER-TO-DATE
|
||||||||||||||||||||||||
Minerals and Materials
|
Three Months Ended June 30,
|
|||||||||||||||||||||||
2011
|
2010
|
2011 vs. 2010
|
||||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 119,851 | 100.0 | % | $ | 106,397 | 100.0 | % | $ | 13,454 | 12.6 | % | ||||||||||||
Cost of sales
|
92,862 | 77.5 | % | 79,057 | 74.3 | % | 13,805 | 17.5 | % | |||||||||||||||
Gross profit
|
26,989 | 22.5 | % | 27,340 | 25.7 | % | (351 | ) | -1.3 | % | ||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
12,290 | 10.3 | % | 11,014 | 10.4 | % | 1,276 | 11.6 | % | |||||||||||||||
Operating profit
|
14,699 | 12.2 | % | 16,326 | 15.3 | % | (1,627 | ) | -10.0 | % | ||||||||||||||
Three Months Ended June 30,
|
||||||||||||||||||||||||
Environmental
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 81,220 | 100.0 | % | $ | 65,159 | 100.0 | % | $ | 16,061 | 24.6 | % | ||||||||||||
Cost of sales
|
58,642 | 72.2 | % | 45,037 | 69.1 | % | 13,605 | 30.2 | % | |||||||||||||||
Gross profit
|
22,578 | 27.8 | % | 20,122 | 30.9 | % | 2,456 | 12.2 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
14,359 | 17.7 | % | 12,108 | 18.6 | % | 2,251 | 18.6 | % | |||||||||||||||
Operating profit
|
8,219 | 10.1 | % | 8,014 | 12.3 | % | 205 | 2.6 | % | |||||||||||||||
Three Months Ended June 30,
|
||||||||||||||||||||||||
Oilfield Services
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 44,837 | 100.0 | % | $ | 39,644 | 100.0 | % | $ | 5,193 | 13.1 | % | ||||||||||||
Cost of sales
|
33,372 | 74.4 | % | 27,874 | 70.3 | % | 5,498 | 19.7 | % | |||||||||||||||
Gross profit
|
11,465 | 25.6 | % | 11,770 | 29.7 | % | (305 | ) | -2.6 | % | ||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
8,042 | 17.9 | % | 7,217 | 18.2 | % | 825 | 11.4 | % | |||||||||||||||
Operating profit
|
3,423 | 7.7 | % | 4,553 | 11.5 | % | (1,130 | ) | -24.8 | % | ||||||||||||||
Three Months Ended June 30,
|
||||||||||||||||||||||||
Transportation
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 14,780 | 100.0 | % | $ | 13,583 | 100.0 | % | $ | 1,197 | 8.8 | % | ||||||||||||
Cost of sales
|
13,140 | 88.9 | % | 12,040 | 88.6 | % | 1,100 | 9.1 | % | |||||||||||||||
Gross profit
|
1,640 | 11.1 | % | 1,543 | 11.4 | % | 97 | 6.3 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
955 | 6.5 | % | 844 | 6.2 | % | 111 | 13.2 | % | |||||||||||||||
Operating profit
|
685 | 4.6 | % | 699 | 5.1 | % | (14 | ) | -2.0 | % | ||||||||||||||
|
Three Months Ended June 30,
|
|||||||||||||||
Corporate |
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||
(Dollars in Thousands)
|
||||||||||||||||
Intersegment shipping sales
|
$ | (9,855 | ) | $ | (4,070 | ) | $ | (5,785 | ) | |||||||
Intersegment shipping costs
|
(9,977 | ) | (4,070 | ) | (5,907 | ) | ||||||||||
Gross profit (loss)
|
122 | - | 122 | |||||||||||||
General, selling and
|
||||||||||||||||
administrative expenses
|
5,018 | 5,848 | (830 | ) | -14.2 | % | ||||||||||
Operating loss
|
(4,896 | ) | (5,848 | ) | 952 | -16.3 | % | |||||||||
AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||||||||||
SEGMENT RESULTS (unaudited)
|
||||||||||||||||||||||||
YEAR-TO-DATE
|
||||||||||||||||||||||||
Minerals and Materials
|
Six Months Ended June 30,
|
|||||||||||||||||||||||
2011
|
2010
|
2011 vs. 2010
|
||||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 236,731 | 100.0 | % | $ | 204,085 | 100.0 | % | $ | 32,646 | 16.0 | % | ||||||||||||
Cost of sales
|
181,281 | 76.6 | % | 152,535 | 74.7 | % | 28,746 | 18.8 | % | |||||||||||||||
Gross profit
|
55,450 | 23.4 | % | 51,550 | 25.3 | % | 3,900 | 7.6 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
24,580 | 10.4 | % | 20,918 | 10.2 | % | 3,662 | 17.5 | % | |||||||||||||||
Operating profit
|
30,870 | 13.0 | % | 30,632 | 15.1 | % | 238 | 0.8 | % |
|
Six Months Ended June 30,
|
|||||||||||||||||||||||
Environmental |
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 136,553 | 100.0 | % | $ | 103,334 | 100.0 | % | $ | 33,219 | 32.1 | % | ||||||||||||
Cost of sales
|
97,919 | 71.7 | % | 72,216 | 69.9 | % | 25,703 | 35.6 | % | |||||||||||||||
Gross profit
|
38,634 | 28.3 | % | 31,118 | 30.1 | % | 7,516 | 24.2 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
28,132 | 20.6 | % | 23,321 | 22.6 | % | 4,811 | 20.6 | % | |||||||||||||||
Operating profit (loss)
|
10,502 | 7.7 | % | 7,797 | 7.5 | % | 2,705 | 34.7 | % | |||||||||||||||
|
Six Months Ended June 30,
|
|||||||||||||||||||||||
Oilfield Services |
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 89,581 | 100.0 | % | $ | 69,848 | 100.0 | % | $ | 19,733 | 28.3 | % | ||||||||||||
Cost of sales
|
65,452 | 73.1 | % | 50,064 | 71.7 | % | 15,388 | 30.7 | % | |||||||||||||||
Gross profit
|
24,129 | 26.9 | % | 19,784 | 28.3 | % | 4,345 | 22.0 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
15,834 | 17.7 | % | 14,003 | 20.0 | % | 1,831 | 13.1 | % | |||||||||||||||
Operating profit
|
8,295 | 9.2 | % | 5,781 | 8.3 | % | 2,514 | 43.5 | % | |||||||||||||||
|
Six Months Ended June 30,
|
|||||||||||||||||||||||
Transportation |
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 27,454 | 100.0 | % | $ | 25,703 | 100.0 | % | $ | 1,751 | 6.8 | % | ||||||||||||
Cost of sales
|
24,411 | 88.9 | % | 22,833 | 88.8 | % | 1,578 | 6.9 | % | |||||||||||||||
Gross profit
|
3,043 | 11.1 | % | 2,870 | 11.2 | % | 173 | 6.0 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
1,893 | 6.9 | % | 1,660 | 6.5 | % | 233 | 14.0 | % | |||||||||||||||
Operating profit
|
1,150 | 4.2 | % | 1,210 | 4.7 | % | (60 | ) | -5.0 | % | ||||||||||||||
|
Six Months Ended June 30,
|
|||||||||||||||
Corporate |
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||
(Dollars in Thousands)
|
||||||||||||||||
Intersegment sales
|
$ | (17,071 | ) | $ | (7,306 | ) | $ | (9,765 | ) | |||||||
Intersegment cost of sales
|
(16,729 | ) | (7,306 | ) | (9,423 | ) | ||||||||||
Gross profit (loss)
|
(342 | ) | - | (342 | ) | |||||||||||
General, selling and
|
||||||||||||||||
administrative expenses
|
9,775 | 10,916 | (1,141 | ) | -10.5 | % | ||||||||||
Operating loss
|
(10,117 | ) | (10,916 | ) | 799 | -7.3 | % | |||||||||
AMCOL INTERNATIONAL CORPORATION
|
|||||||||||||||||||
SUPPLEMENTARY INFORMATION (unaudited)
|
|||||||||||||||||||
QUARTER-TO-DATE
|
|||||||||||||||||||
Composition of Sales by Geographic Region
|
Three Months Ended June 30, 2011 | ||||||||||||||||||
Americas
|
EMEA
|
Asia Pacific
|
Total
|
||||||||||||||||
Minerals & Materials
|
28.1 | % | 8.7 | % | 10.4 | % | 47.2 | % | |||||||||||
Environmental
|
15.7 | % | 14.5 | % | 1.9 | % | 32.1 | % | |||||||||||
Oilfield Services
|
15.4 | % | 0.9 | % | 1.4 | % | 17.7 | % | |||||||||||
Transportation
|
3.0 | % | 0.0 | % | 0.0 | % | 3.0 | % | |||||||||||
Total - current year's period
|
62.2 | % | 24.1 | % | 13.7 | % | 100.0 | % | |||||||||||
Total from prior year's comparable period
|
64.8 | % | 21.2 | % | 14.0 | % | 100.0 | % | |||||||||||
Percentage of Revenue Growth by Component
|
|||||||||||||||||||
|
|||||||||||||||||||
Three Months Ended June 30, 2011
vs.
|
|||||||||||||||||||
Three Months Ended June 30, 2010 | |||||||||||||||||||
Base
|
|
Currency
|
|
||||||||||||||||
Business | Acquisitions | Translation | Total | ||||||||||||||||
Minerals & Materials
|
4.7 | % | 0.0 | % | 1.4 | % | 6.1 | % | |||||||||||
Environmental
|
5.9 | % | 0.0 | % | 1.4 | % | 7.3 | % | |||||||||||
Oilfield Services
|
1.9 | % | 0.0 | % | 0.5 | % | 2.4 | % | |||||||||||
Transportation
|
-2.1 | % | 0.0 | % | 0.0 | % | -2.1 | % | |||||||||||
Total
|
10.4 | % | 0.0 | % | 3.3 | % | 13.7 | % | |||||||||||
% of growth
|
75.5 | % | 0.0 | % | 24.5 | % | 100.0 | % | |||||||||||
Minerals and Materials Product Line Sales
|
Three Months Ended June 30,
|
||||||||||||||||||
2011 | 2010 |
% change
|
|||||||||||||||||
(Dollars in Thousands)
|
|||||||||||||||||||
Metalcasting
|
$ | 64,686 | $ | 49,857 | 29.7 | % | |||||||||||||
Specialty materials
|
26,015 | 27,055 | -3.8 | % | |||||||||||||||
Pet products
|
12,998 | 14,453 | -10.1 | % | |||||||||||||||
Basic minerals
|
11,498 | 13,429 | -14.4 | % | |||||||||||||||
Other product lines
|
4,654 | 1,603 | 190.3 | % | |||||||||||||||
Total
|
119,851 | 106,397 | 12.6 | % | |||||||||||||||
Environmental Product Line Sales
|
Three Months Ended June 30,
|
||||||||||||||||||
2011 | 2010 |
% change
|
|||||||||||||||||
(Dollars in Thousands)
|
|||||||||||||||||||
Lining technologies
|
$ | 32,621 | $ | 35,022 | -6.9 | % | |||||||||||||
Building materials
|
21,159 | 13,540 | 56.3 | % | |||||||||||||||
Contracting services
|
18,980 | 10,425 | 82.1 | % | |||||||||||||||
Drilling products
|
8,460 | 6,172 | 37.1 | % | |||||||||||||||
Total
|
81,220 | 65,159 | 24.6 | % | |||||||||||||||
AMCOL INTERNATIONAL CORPORATION
|
|||||||||||||||||||
SUPPLEMENTARY INFORMATION (unaudited)
|
|||||||||||||||||||
YEAR-TO-DATE
|
|||||||||||||||||||
Composition of Sales by Geographic Region
|
Six Months Ended June 30, 2011
|
||||||||||||||||||
Americas
|
EMEA
|
Asia Pacific
|
Total
|
||||||||||||||||
Minerals and materials
|
29.3 | % | 9.7 | % | 10.6 | % | 49.6 | % | |||||||||||
Environmental
|
14.2 | % | 12.6 | % | 1.6 | % | 28.4 | % | |||||||||||
Oilfield services
|
17.0 | % | 0.8 | % | 1.2 | % | 19.0 | % | |||||||||||
Transportation
|
3.0 | % | 0.0 | % | 0.0 | % | 3.0 | % | |||||||||||
Total - current year's period
|
63.5 | % | 23.1 | % | 13.4 | % | 100.0 | % | |||||||||||
Total from prior year's comparable period
|
65.0 | % | 20.5 | % | 14.5 | % | 100.0 | % | |||||||||||
Percentage of Revenue Growth by Component
|
|||||||||||||||||||
Six Months Ended June 30, 2011
|
|||||||||||||||||||
vs. | |||||||||||||||||||
Six Months Ended June 30, 2010
|
|||||||||||||||||||
Foreign | |||||||||||||||||||
Organic
|
Acquisitions | Exchange | Total | ||||||||||||||||
Minerals and materials
|
7.2 | % | 0.0 | % | 1.1 | % | 8.3 | % | |||||||||||
Environmental
|
7.2 | % | 0.2 | % | 1.0 | % | 8.4 | % | |||||||||||
Oilfield services
|
4.6 | % | 0.0 | % | 0.4 | % | 5.0 | % | |||||||||||
Transportation
|
-2.0 | % | 0.0 | % | 0.0 | % | -2.0 | % | |||||||||||
Total
|
17.0 | % | 0.2 | % | 2.5 | % | 19.7 | % | |||||||||||
% of growth
|
86.4 | % | 1.0 | % | 12.6 | % | 100.0 | % | |||||||||||
Minerals and Materials Product Line Sales
|
Six Months Ended June 30,
|
||||||||||||||||||
2011 | 2010 |
% change
|
|||||||||||||||||
(Dollars in Thousands)
|
|||||||||||||||||||
Metalcasting
|
$ | 124,838 | $ | 94,197 | 32.5 | % | |||||||||||||
Specialty materials
|
52,036 | 52,863 | -1.6 | % | |||||||||||||||
Pet products
|
28,069 | 30,891 | -9.1 | % | |||||||||||||||
Basic minerals
|
23,040 | 22,775 | 1.2 | % | |||||||||||||||
Other product lines
|
8,748 | 3,359 | 160.4 | % | |||||||||||||||
Total
|
236,731 | 204,085 | 16.0 | % | |||||||||||||||
Environmental Product Line Sales
|
Six Months Ended June 30,
|
||||||||||||||||||
2011 | 2010 |
% change
|
|||||||||||||||||
(Dollars in Thousands)
|
|||||||||||||||||||
Lining technologies
|
$ | 53,725 | $ | 51,587 | 4.1 | % | |||||||||||||
Building materials
|
38,215 | 26,041 | 46.7 | % | |||||||||||||||
Contracting services
|
30,210 | 14,639 | 106.4 | % | |||||||||||||||
Drilling products
|
14,403 | 11,067 | 30.1 | % | |||||||||||||||
Total
|
136,553 | 103,334 | 32.1 | % | |||||||||||||||