Delaware
State of Other Jurisdiction of Incorporation
|
0-15661
Commission File Number
|
36-0724340
I.R.S. Employer Identification Number
|
(d) | The following exhibit is furnished with this document: | |
Number | Exhibit | |
99.1 | Press Release titled “AMCOL International (NYSE: ACO) Reports Third Quarter Results” |
Date: October 28, 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)
|
||||||||||||||||
Nine Months Ended
|
Three Months Ended
|
|||||||||||||||
September 30,
|
September 30,
|
|||||||||||||||
2011
|
2010
|
2011
|
2010
|
|||||||||||||
Continuing Operations
|
||||||||||||||||
Net sales
|
$ | 708,708 | $ | 621,650 | $ | 248,044 | $ | 228,822 | ||||||||
Cost of sales
|
517,891 | 458,163 | 177,054 | 170,546 | ||||||||||||
Gross profit
|
190,817 | 163,487 | 70,990 | 58,276 | ||||||||||||
General, selling and administrative expenses
|
123,354 | 105,769 | 43,937 | 35,604 | ||||||||||||
Operating profit
|
67,463 | 57,718 | 27,053 | 22,672 | ||||||||||||
Other income (expense):
|
||||||||||||||||
Interest expense, net
|
(8,308 | ) | (7,092 | ) | (2,824 | ) | (2,542 | ) | ||||||||
Other, net
|
83 | 2,146 | (144 | ) | 2,191 | |||||||||||
(8,225 | ) | (4,946 | ) | (2,968 | ) | (351 | ) | |||||||||
Income before income taxes and income (loss) from affiliates and joint ventures
|
59,238 | 52,772 | 24,085 | 22,321 | ||||||||||||
Income tax expense
|
16,935 | 12,877 | 6,675 | 5,219 | ||||||||||||
Income before income (loss) from affiliates and joint ventures
|
42,303 | 39,895 | 17,410 | 17,102 | ||||||||||||
Income (loss) from affiliates and joint ventures
|
4,076 | 266 | 3,080 | 337 | ||||||||||||
Net income (loss) from continuing operations
|
46,379 | 40,161 | 20,490 | 17,439 | ||||||||||||
Discontinued Operations
|
||||||||||||||||
Income (loss) on discontinued operations
|
(916 | ) | (789 | ) | (1,021 | ) | (132 | ) | ||||||||
Net income (loss)
|
45,463 | 39,372 | 19,469 | 17,307 | ||||||||||||
Net income (loss) attributable to noncontrolling interests
|
48 | (322 | ) | 44 | (110 | ) | ||||||||||
Net income (loss) attributable to AMCOL shareholders
|
$ | 45,415 | $ | 39,694 | $ | 19,425 | $ | 17,417 | ||||||||
Weighted average common shares outstanding
|
31,672 | 31,137 | 31,800 | 31,225 | ||||||||||||
Weighted average common and common equivalent shares outstanding
|
32,128 | 31,498 | 32,193 | 31,565 | ||||||||||||
Earnings per share attributable to Amcol International Corporation
|
||||||||||||||||
Basic earnings (loss) per share:
|
||||||||||||||||
Continuing operations
|
$ | 1.46 | $ | 1.30 | $ | 0.64 | $ | 0.56 | ||||||||
Discontinued operations
|
(0.03 | ) | (0.03 | ) | (0.03 | ) | - | |||||||||
Net income
|
$ | 1.43 | $ | 1.27 | $ | 0.61 | $ | 0.56 | ||||||||
Diluted earnings (loss) per share:
|
||||||||||||||||
Continuing operations
|
$ | 1.44 | $ | 1.29 | $ | 0.63 | $ | 0.55 | ||||||||
Discontinued operations
|
(0.03 | ) | (0.03 | ) | (0.03 | ) | - | |||||||||
Net income
|
$ | 1.41 | $ | 1.26 | $ | 0.60 | $ | 0.55 | ||||||||
Dividends declared per share
|
$ | 0.54 | $ | 0.54 | $ | 0.18 | $ | 0.18 |
AMCOL INTERNATIONAL CORPORATION
|
||||||||
CONDENSED CONSOLIDATED BALANCE SHEETS
|
||||||||
(In thousands)
|
||||||||
ASSETS
|
September 30,
|
December 31,
|
||||||
2011
|
2010
|
|||||||
(unaudited)
|
* | |||||||
Current assets:
|
||||||||
Cash and equivalents
|
$ | 9,345 | $ | 27,262 | ||||
Accounts receivable, net
|
215,166 | 193,968 | ||||||
Inventories
|
133,960 | 107,515 | ||||||
Prepaid expenses
|
17,538 | 12,581 | ||||||
Deferred income taxes
|
4,420 | 5,553 | ||||||
Income tax receivable
|
16,356 | 8,474 | ||||||
Other
|
9,683 | 6,211 | ||||||
Total current assets
|
406,468 | 361,564 | ||||||
Noncurrent assets:
|
||||||||
Property, plant, equipment, mineral rights and reserves:
|
||||||||
Land
|
14,191 | 11,591 | ||||||
Mineral rights
|
43,096 | 51,435 | ||||||
Depreciable assets
|
481,120 | 454,351 | ||||||
538,407 | 517,377 | |||||||
Less: accumulated depreciation and depletion
|
278,887 | 256,889 | ||||||
259,520 | 260,488 | |||||||
Goodwill
|
70,174 | 70,909 | ||||||
Intangible assets, net
|
37,903 | 42,590 | ||||||
Investments in and advances to affiliates and joint ventures
|
24,516 | 19,056 | ||||||
Available-for-sale securities
|
4,956 | 14,168 | ||||||
Deferred income taxes
|
8,817 | 7,570 | ||||||
Other assets
|
21,326 | 22,748 | ||||||
Total noncurrent assets
|
427,212 | 437,529 | ||||||
Total Assets
|
$ | 833,680 | $ | 799,093 | ||||
LIABILITIES AND SHAREHOLDERS' EQUITY
|
||||||||
Current liabilities:
|
||||||||
Accounts payable
|
$ | 53,048 | $ | 53,167 | ||||
Accrued income taxes
|
15,201 | 4,014 | ||||||
Accrued liabilities
|
61,115 | 55,294 | ||||||
Total current liabilities
|
129,364 | 112,475 | ||||||
Noncurrent liabilities:
|
||||||||
Long-term debt
|
250,394 | 236,171 | ||||||
Pension liabilities
|
21,020 | 21,338 | ||||||
Deferred compensation
|
8,762 | 8,686 | ||||||
Other long-term liabilities
|
19,784 | 19,987 | ||||||
Total noncurrent liabilities
|
299,960 | 286,182 | ||||||
Shareholders' Equity:
|
||||||||
Common stock
|
320 | 320 | ||||||
Additional paid in capital
|
92,809 | 95,074 | ||||||
Retained earnings
|
311,553 | 283,189 | ||||||
Accumulated other comprehensive income
|
(457 | ) | 28,936 | |||||
Less: Treasury stock
|
(4,125 | ) | (8,945 | ) | ||||
Total AMCOL shareholders' equity
|
400,100 | 398,574 | ||||||
Noncontrolling interest
|
4,256 | 1,862 | ||||||
Total equity
|
404,356 | 400,436 | ||||||
Total Liabilities and Shareholders' Equity
|
$ | 833,680 | $ | 799,093 | ||||
* Condensed from audited financial statements.
|
AMCOL INTERNATIONAL CORPORATION
|
||||||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
|
||||||||
(In thousands)
|
||||||||
Nine Months Ended
|
||||||||
September 30,
|
||||||||
2011
|
2010
|
|||||||
Cash flow from operating activities:
|
||||||||
Net income
|
$ | 45,463 | $ | 39,372 | ||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
|
||||||||
Depreciation, depletion, and amortization
|
30,945 | 26,470 | ||||||
Other non-cash charges
|
4,044 | 3,174 | ||||||
Changes in assets and liabilities, net of effects of acquisitions:
|
||||||||
Decrease (increase) in current assets
|
(89,320 | ) | (69,385 | ) | ||||
Decrease (increase) in noncurrent assets
|
1,789 | (2,298 | ) | |||||
Increase (decrease) in current liabilities
|
24,894 | 34,832 | ||||||
Increase (decrease) in noncurrent liabilities
|
(1,170 | ) | 2,999 | |||||
Net cash provided by (used in) operating activities
|
16,645 | 35,164 | ||||||
Cash flow from investing activities:
|
||||||||
Capital expenditures
|
(43,824 | ) | (37,944 | ) | ||||
Investments in and advances to affiliates and joint ventures
|
(1,237 | ) | (2,047 | ) | ||||
Proceeds from sale of joint ventures
|
2,023 | - | ||||||
Other
|
2,118 | 1,210 | ||||||
Net cash (used in) investing activities
|
(40,920 | ) | (38,781 | ) | ||||
Cash flow from financing activities:
|
||||||||
Net change in outstanding debt
|
14,891 | 21,004 | ||||||
Purchase of noncontrolling interest
|
- | (11,873 | ) | |||||
Proceeds from sales of treasury stock
|
7,000 | 3,252 | ||||||
Dividends
|
(17,051 | ) | (16,745 | ) | ||||
Excess tax benefits from stock-based compensation
|
669 | 394 | ||||||
Net cash provided by (used in) financing activities
|
5,509 | (3,968 | ) | |||||
Effect of foreign currency rate changes on cash
|
849 | 242 | ||||||
Net increase (decrease) in cash and cash equivalents
|
(17,917 | ) | (7,343 | ) | ||||
Cash and cash equivalents at beginning of period
|
27,262 | 27,669 | ||||||
Cash and cash equivalents at end of period
|
$ | 9,345 | $ | 20,326 |
AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||||||||||
SEGMENT RESULTS (unaudited)
|
||||||||||||||||||||||||
QUARTER-TO-DATE
|
||||||||||||||||||||||||
Minerals and Materials
|
Three Months Ended September 30,
|
|||||||||||||||||||||||
2011
|
2010
|
2011 vs. 2010
|
||||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 123,792 | 100.0 | % | $ | 110,332 | 100.0 | % | $ | 13,460 | 12.2 | % | ||||||||||||
Cost of sales
|
91,317 | 73.8 | % | 86,383 | 78.3 | % | 4,934 | 5.7 | % | |||||||||||||||
Gross profit
|
32,475 | 26.2 | % | 23,949 | 21.7 | % | 8,526 | 35.6 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
12,365 | 10.0 | % | 11,608 | 10.5 | % | 757 | 6.5 | % | |||||||||||||||
Operating profit
|
20,110 | 16.2 | % | 12,341 | 11.2 | % | 7,769 | 63.0 | % | |||||||||||||||
Three Months Ended September 30,
|
||||||||||||||||||||||||
Environmental
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 69,543 | 100.0 | % | $ | 67,744 | 100.0 | % | $ | 1,799 | 2.7 | % | ||||||||||||
Cost of sales
|
47,980 | 69.0 | % | 47,002 | 69.4 | % | 978 | 2.1 | % | |||||||||||||||
Gross profit
|
21,563 | 31.0 | % | 20,742 | 30.6 | % | 821 | 4.0 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
13,926 | 20.0 | % | 12,041 | 17.8 | % | 1,885 | 15.7 | % | |||||||||||||||
Operating profit
|
7,637 | 11.0 | % | 8,701 | 12.8 | % | (1,064 | ) | -12.2 | % | ||||||||||||||
Three Months Ended September 30,
|
||||||||||||||||||||||||
Oilfield Services
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 50,175 | 100.0 | % | $ | 41,204 | 100.0 | % | $ | 8,971 | 21.8 | % | ||||||||||||
Cost of sales
|
34,798 | 69.4 | % | 29,249 | 71.0 | % | 5,549 | 19.0 | % | |||||||||||||||
Gross profit
|
15,377 | 30.6 | % | 11,955 | 29.0 | % | 3,422 | 28.6 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
9,590 | 19.1 | % | 7,876 | 19.1 | % | 1,714 | 21.8 | % | |||||||||||||||
Operating profit
|
5,787 | 11.5 | % | 4,079 | 9.9 | % | 1,708 | 41.9 | % | |||||||||||||||
Three Months Ended September 30,
|
||||||||||||||||||||||||
Transportation
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 14,877 | 100.0 | % | $ | 14,284 | 100.0 | % | $ | 593 | 4.2 | % | ||||||||||||
Cost of sales
|
13,102 | 88.1 | % | 12,654 | 88.6 | % | 448 | 3.5 | % | |||||||||||||||
Gross profit
|
1,775 | 11.9 | % | 1,630 | 11.4 | % | 145 | 8.9 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
1,005 | 6.8 | % | 876 | 6.1 | % | 129 | 14.7 | % | |||||||||||||||
Operating profit
|
770 | 5.1 | % | 754 | 5.3 | % | 16 | 2.1 | % | |||||||||||||||
Three Months Ended September 30,
|
||||||||||||||||
Corporate
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||
(Dollars in Thousands)
|
||||||||||||||||
Intersegment shipping sales
|
$ | (10,343 | ) | $ | (4,742 | ) | $ | (5,601 | ) | |||||||
Intersegment shipping costs
|
(10,143 | ) | (4,742 | ) | (5,401 | ) | ||||||||||
Gross profit (loss)
|
(200 | ) | - | (200 | ) | |||||||||||
General, selling and
|
||||||||||||||||
administrative expenses
|
7,051 | 3,203 | 3,848 | 120.1 | % | |||||||||||
Operating loss
|
(7,251 | ) | (3,203 | ) | (4,048 | ) | 126.4 | % |
AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||||||||||
SEGMENT RESULTS (unaudited)
|
||||||||||||||||||||||||
YEAR-TO-DATE
|
||||||||||||||||||||||||
Minerals and Materials
|
Nine Months Ended September 30,
|
|||||||||||||||||||||||
2011
|
2010
|
2011 vs. 2010
|
||||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 360,523 | 100.0 | % | $ | 314,417 | 100.0 | % | $ | 46,106 | 14.7 | % | ||||||||||||
Cost of sales
|
272,598 | 75.6 | % | 238,918 | 76.0 | % | 33,680 | 14.1 | % | |||||||||||||||
Gross profit
|
87,925 | 24.4 | % | 75,499 | 24.0 | % | 12,426 | 16.5 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
36,945 | 10.2 | % | 32,526 | 10.3 | % | 4,419 | 13.6 | % | |||||||||||||||
Operating profit
|
50,980 | 14.2 | % | 42,973 | 13.7 | % | 8,007 | 18.6 | % |
Nine Months Ended September 30,
|
||||||||||||||||||||||||
Environmental
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 193,512 | 100.0 | % | $ | 168,242 | 100.0 | % | $ | 25,270 | 15.0 | % | ||||||||||||
Cost of sales
|
134,402 | 69.5 | % | 116,493 | 69.2 | % | 17,909 | 15.4 | % | |||||||||||||||
Gross profit
|
59,110 | 30.5 | % | 51,749 | 30.8 | % | 7,361 | 14.2 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
41,261 | 21.3 | % | 34,709 | 20.6 | % | 6,552 | 18.9 | % | |||||||||||||||
Operating profit (loss)
|
17,849 | 9.2 | % | 17,040 | 10.2 | % | 809 | 4.7 | % | |||||||||||||||
Nine Months Ended September 30,
|
||||||||||||||||||||||||
Oilfield Services
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 139,756 | 100.0 | % | $ | 111,052 | 100.0 | % | $ | 28,704 | 25.8 | % | ||||||||||||
Cost of sales
|
100,250 | 71.7 | % | 79,313 | 71.4 | % | 20,937 | 26.4 | % | |||||||||||||||
Gross profit
|
39,506 | 28.3 | % | 31,739 | 28.6 | % | 7,767 | 24.5 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
25,424 | 18.2 | % | 21,879 | 19.7 | % | 3,545 | 16.2 | % | |||||||||||||||
Operating profit
|
14,082 | 10.1 | % | 9,860 | 8.9 | % | 4,222 | 42.8 | % | |||||||||||||||
Nine Months Ended September 30,
|
||||||||||||||||||||||||
Transportation
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 42,331 | 100.0 | % | $ | 39,987 | 100.0 | % | $ | 2,344 | 5.9 | % | ||||||||||||
Cost of sales
|
37,513 | 88.6 | % | 35,487 | 88.7 | % | 2,026 | 5.7 | % | |||||||||||||||
Gross profit
|
4,818 | 11.4 | % | 4,500 | 11.3 | % | 318 | 7.1 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
2,898 | 6.8 | % | 2,536 | 6.3 | % | 362 | 14.3 | % | |||||||||||||||
Operating profit
|
1,920 | 4.6 | % | 1,964 | 5.0 | % | (44 | ) | -2.2 | % | ||||||||||||||
Nine Months Ended September 30,
|
||||||||||||||||
Corporate
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||
(Dollars in Thousands)
|
||||||||||||||||
Intersegment sales
|
$ | (27,414 | ) | $ | (12,048 | ) | $ | (15,366 | ) | |||||||
Intersegment cost of sales
|
(26,872 | ) | (12,048 | ) | (14,824 | ) | ||||||||||
Gross profit (loss)
|
(542 | ) | - | (542 | ) | |||||||||||
General, selling and
|
||||||||||||||||
administrative expenses
|
16,826 | 14,119 | 2,707 | 19.2 | % | |||||||||||
Operating loss
|
(17,368 | ) | (14,119 | ) | (3,249 | ) | 23.0 | % | ||||||||
AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||
SUPPLEMENTARY INFORMATION (unaudited)
|
||||||||||||||||
QUARTER-TO-DATE
|
||||||||||||||||
Composition of Sales by Geographic Region
|
Three Months Ended September 30, 2011
|
|||||||||||||||
Americas
|
EMEA
|
Asia Pacific
|
Total
|
|||||||||||||
Minerals & Materials
|
29.6 | % | 9.5 | % | 10.2 | % | 49.3 | % | ||||||||
Environmental
|
12.5 | % | 13.7 | % | 1.5 | % | 27.7 | % | ||||||||
Oilfield Services
|
17.3 | % | 1.0 | % | 1.8 | % | 20.1 | % | ||||||||
Transportation
|
2.9 | % | 0.0 | % | 0.0 | % | 2.9 | % | ||||||||
Total - current year's period
|
62.3 | % | 24.2 | % | 13.5 | % | 100.0 | % | ||||||||
Total from prior year's comparable period
|
62.8 | % | 22.4 | % | 14.8 | % | 100.0 | % |
Three Months Ended September 30, 2011
|
||||||||||||||||
vs.
|
||||||||||||||||
Three Months Ended September 30, 2010
|
||||||||||||||||
Base Business
|
Acquisitions
|
Foreign Exchange
|
Total
|
|||||||||||||
Percentage of Revenue Growth by Component | ||||||||||||||||
Minerals & Materials
|
5.2 | % | 0.0 | % | 0.7 | % | 5.9 | % | ||||||||
Environmental
|
-0.2 | % | 0.0 | % | 1.0 | % | 0.8 | % | ||||||||
Oilfield Services
|
3.4 | % | 0.0 | % | 0.5 | % | 3.9 | % | ||||||||
Transportation
|
-2.2 | % | 0.0 | % | 0.0 | % | -2.2 | % | ||||||||
Total
|
6.2 | % | 0.0 | % | 2.2 | % | 8.4 | % | ||||||||
% of growth
|
73.7 | % | 0.0 | % | 26.3 | % | 100.0 | % | ||||||||
Three Months Ended September 30,
|
||||||||||||
Minerals and Materials Product Line Sales
|
2011
|
2010
|
% change
|
|||||||||
(Dollars in Thousands)
|
||||||||||||
Metalcasting
|
$ | 65,931 | $ | 53,632 | 22.9 | % | ||||||
Specialty materials
|
25,533 | 27,211 | -6.2 | % | ||||||||
Pet products
|
14,168 | 15,848 | -10.6 | % | ||||||||
Basic minerals
|
14,487 | 12,015 | 20.6 | % | ||||||||
Other product lines
|
3,673 | 1,626 | 125.9 | % | ||||||||
Total
|
123,792 | 110,332 | 12.2 | % | ||||||||
Three Months Ended September 30,
|
||||||||||||
Environmental Product Line Sales
|
2011
|
2010
|
% change
|
|||||||||
(Dollars in Thousands)
|
||||||||||||
Lining technologies
|
$ | 29,262 | $ | 33,407 | -12.4 | % | ||||||
Building materials
|
20,653 | 15,822 | 30.5 | % | ||||||||
Contracting services
|
11,060 | 11,519 | -4.0 | % | ||||||||
Drilling products
|
8,568 | 6,996 | 22.5 | % | ||||||||
Total
|
69,543 | 67,744 | 2.7 | % | ||||||||
AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||
SUPPLEMENTARY INFORMATION (unaudited)
|
||||||||||||||||
YEAR-TO-DATE
|
||||||||||||||||
Composition of Sales by Geographic Region
|
Nine Months Ended September 30, 2011
|
|||||||||||||||
Americas
|
EMEA
|
Asia Pacific
|
Total
|
|||||||||||||
Minerals and materials
|
29.9 | % | 9.8 | % | 10.6 | % | 50.3 | % | ||||||||
Environmental
|
12.2 | % | 13.2 | % | 1.6 | % | 27.0 | % | ||||||||
Oilfield services
|
17.4 | % | 0.9 | % | 1.4 | % | 19.7 | % | ||||||||
Transportation
|
3.0 | % | 0.0 | % | 0.0 | % | 3.0 | % | ||||||||
Total - current year's period
|
62.5 | % | 23.9 | % | 13.6 | % | 100.0 | % | ||||||||
Total from prior year's comparable period
|
64.1 | % | 21.2 | % | 14.7 | % | 100.0 | % |
Nine Months Ended September 30, 2011
|
||||||||||||||||
vs.
|
||||||||||||||||
Nine Months Ended September 30, 2010
|
||||||||||||||||
Organic
|
Acquisitions
|
Foreign Exchange
|
Total
|
|||||||||||||
Percentage of Revenue Growth by Component | ||||||||||||||||
Minerals and materials
|
6.4 | % | 0.0 | % | 1.0 | % | 7.4 | % | ||||||||
Environmental
|
3.0 | % | 0.1 | % | 1.0 | % | 4.1 | % | ||||||||
Oilfield services
|
4.2 | % | 0.0 | % | 0.4 | % | 4.6 | % | ||||||||
Transportation
|
-2.1 | % | 0.0 | % | 0.0 | % | -2.1 | % | ||||||||
Total
|
11.5 | % | 0.1 | % | 2.4 | % | 14.0 | % | ||||||||
% of growth
|
82.1 | % | 0.9 | % | 17.0 | % | 100.0 | % | ||||||||
Nine Months Ended September 30,
|
||||||||||||
Minerals and Materials Product Line Sales
|
2011
|
2010
|
% change
|
|||||||||
(Dollars in Thousands)
|
||||||||||||
Metalcasting
|
$ | 190,769 | $ | 147,829 | 29.0 | % | ||||||
Specialty materials
|
78,729 | 80,074 | -1.7 | % | ||||||||
Pet products
|
42,237 | 46,739 | -9.6 | % | ||||||||
Basic minerals
|
37,527 | 34,790 | 7.9 | % | ||||||||
Other product lines
|
11,261 | 4,985 | 125.9 | % | ||||||||
Total
|
360,523 | 314,417 | 14.7 | % | ||||||||
Nine Months Ended September 30,
|
||||||||||||
Environmental Product Line Sales
|
2011
|
2010
|
% change
|
|||||||||
(Dollars in Thousands)
|
||||||||||||
Lining technologies
|
$ | 82,987 | $ | 84,994 | -2.4 | % | ||||||
Building materials
|
58,868 | 41,863 | 40.6 | % | ||||||||
Contracting services
|
28,686 | 23,322 | 23.0 | % | ||||||||
Drilling products
|
22,971 | 18,063 | 27.2 | % | ||||||||
Total
|
193,512 | 168,242 | 15.0 | % | ||||||||