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 FOURTH QUARTER RESULTS” |
Date: January 27, 2012
|
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)
|
||||||||||||||||
Twelve Months Ended
|
Three Months Ended
|
|||||||||||||||
December 31,
|
December 31,
|
|||||||||||||||
2011
|
2010
|
2011
|
2010
|
|||||||||||||
Continuing Operations
|
||||||||||||||||
Net sales
|
$ | 942,369 | $ | 841,037 | $ | 233,661 | $ | 219,387 | ||||||||
Cost of sales
|
689,494 | 624,111 | 171,603 | 165,948 | ||||||||||||
Gross profit
|
252,875 | 216,926 | 62,058 | 53,439 | ||||||||||||
General, selling and administrative expenses
|
165,222 | 146,885 | 41,868 | 41,116 | ||||||||||||
Operating profit
|
87,653 | 70,041 | 20,190 | 12,323 | ||||||||||||
Other income (expense):
|
||||||||||||||||
Interest expense, net
|
(11,519 | ) | (9,725 | ) | (3,211 | ) | (2,633 | ) | ||||||||
Other, net
|
311 | 1,147 | 228 | (999 | ) | |||||||||||
(11,208 | ) | (8,578 | ) | (2,983 | ) | (3,632 | ) | |||||||||
Income before income taxes and income (loss) from affiliates and joint ventures
|
76,445 | 61,463 | 17,207 | 8,691 | ||||||||||||
Income tax expense (benefit)
|
21,849 | 19,391 | 4,914 | 6,514 | ||||||||||||
Income before income (loss) from affiliates and joint ventures
|
54,596 | 42,072 | 12,293 | 2,177 | ||||||||||||
Income (loss) from affiliates and joint ventures
|
5,566 | (11,261 | ) | 1,490 | (11,527 | ) | ||||||||||
Net income (loss) from continuing operations
|
60,162 | 30,811 | 13,783 | (9,350 | ) | |||||||||||
Discontinued Operations
|
||||||||||||||||
Income (loss) on discontinued operations
|
(916 | ) | (887 | ) | - | (98 | ) | |||||||||
Net income (loss)
|
59,246 | 29,924 | 13,783 | (9,448 | ) | |||||||||||
Net income (loss) attributable to the noncontrolling interest
|
135 | (423 | ) | 87 | (101 | ) | ||||||||||
Net income (loss) attributable to AMCOL shareholders
|
$ | 59,111 | $ | 30,347 | $ | 13,696 | $ | (9,347 | ) | |||||||
Weighted average common shares outstanding
|
31,709 | 31,179 | 31,832 | 31,304 | ||||||||||||
Weighted average common and common equivalent shares outstanding
|
32,146 | 31,548 | 32,182 | 31,700 | ||||||||||||
Earnings per share attributable to Amcol International Corporation
|
||||||||||||||||
Basic earnings per share:
|
||||||||||||||||
Continuing operations
|
$ | 1.89 | $ | 1.00 | $ | 0.43 | $ | (0.30 | ) | |||||||
Discontinued operations
|
(0.03 | ) | (0.03 | ) | - | - | ||||||||||
Net income (loss)
|
$ | 1.86 | $ | 0.97 | $ | 0.43 | $ | (0.30 | ) | |||||||
Diluted earnings per share:
|
||||||||||||||||
Continuing operations
|
$ | 1.87 | $ | 0.99 | $ | 0.43 | $ | (0.30 | ) | |||||||
Discontinued operations
|
(0.03 | ) | (0.03 | ) | - | - | ||||||||||
Net income (loss)
|
$ | 1.84 | $ | 0.96 | $ | 0.43 | $ | (0.30 | ) | |||||||
Dividends declared per share
|
$ | 0.72 | $ | 0.72 | $ | 0.18 | $ | 0.18 | ||||||||
AMCOL INTERNATIONAL CORPORATION
|
||||||||
CONDENSED CONSOLIDATED BALANCE SHEETS
|
||||||||
(In thousands)
|
||||||||
ASSETS
|
December 31,
|
December 31,
|
||||||
2011
|
2010
|
|||||||
(unaudited)
|
* | |||||||
Current assets:
|
||||||||
Cash and equivalents
|
$ | 23,698 | $ | 27,262 | ||||
Accounts receivable, net
|
206,834 | 193,968 | ||||||
Inventories
|
146,582 | 107,515 | ||||||
Prepaid expenses
|
15,715 | 12,581 | ||||||
Deferred income taxes
|
5,918 | 5,553 | ||||||
Income tax receivable
|
6,866 | 8,474 | ||||||
Other
|
6,655 | 6,211 | ||||||
Total current assets
|
412,268 | 361,564 | ||||||
Noncurrent assets:
|
||||||||
Property, plant, equipment, mineral rights and reserves:
|
||||||||
Land
|
13,881 | 11,591 | ||||||
Mineral rights
|
41,861 | 51,435 | ||||||
Depreciable assets
|
482,338 | 454,351 | ||||||
538,080 | 517,377 | |||||||
Less: accumulated depreciation and depletion
|
275,503 | 256,889 | ||||||
262,577 | 260,488 | |||||||
Goodwill
|
69,509 | 70,909 | ||||||
Intangible assets, net
|
36,610 | 42,590 | ||||||
Investments in and advances to affiliates and joint ventures
|
26,407 | 19,056 | ||||||
Available for sale securities
|
3,802 | 14,168 | ||||||
Deferred income taxes
|
7,783 | 7,570 | ||||||
Other assets
|
23,746 | 22,748 | ||||||
Total noncurrent assets
|
430,434 | 437,529 | ||||||
$ | 842,702 | $ | 799,093 | |||||
LIABILITIES AND SHAREHOLDERS' EQUITY
|
||||||||
Current liabilities:
|
||||||||
Accounts payable
|
$ | 56,451 | $ | 53,167 | ||||
Accrued liabilities
|
61,629 | 59,308 | ||||||
Total current liabilities
|
118,080 | 112,475 | ||||||
Noncurrent liabilities:
|
||||||||
Long-term debt
|
260,670 | 236,171 | ||||||
Pension liabilities
|
34,840 | 21,338 | ||||||
Deferred compensation
|
8,927 | 8,686 | ||||||
Other liabilities
|
19,965 | 19,987 | ||||||
Total noncurrent liabilities
|
324,402 | 286,182 | ||||||
Equity:
|
||||||||
Common stock
|
320 | 320 | ||||||
Additional paid in capital
|
94,529 | 95,074 | ||||||
Retained earnings
|
319,538 | 283,189 | ||||||
Accumulated other comprehensive income
|
(14,968 | ) | 28,936 | |||||
399,419 | 407,519 | |||||||
Less:
|
||||||||
Treasury stock
|
3,426 | 8,945 | ||||||
Total AMCOL shareholders' equity
|
395,993 | 398,574 | ||||||
Noncontrolling interest
|
4,227 | 1,862 | ||||||
Total equity
|
400,220 | 400,436 | ||||||
$ | 842,702 | $ | 799,093 | |||||
* Condensed from audited financial statements.
|
AMCOL INTERNATIONAL CORPORATION
|
||||||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
|
||||||||
(In thousands)
|
||||||||
Twelve Months Ended
|
||||||||
December 31,
|
||||||||
2011
|
2010
|
|||||||
Cash flow from operating activities:
|
||||||||
Net income
|
$ | 59,246 | $ | 29,924 | ||||
Adjustments to reconcile net income to net cash
|
||||||||
provided by (used in) operating activities:
|
||||||||
Depreciation, depletion, and amortization
|
41,836 | 36,306 | ||||||
Undistributed earnings from affiliates and joint ventures
|
(3,931 | ) | 11,754 | |||||
Decrease (increase) in deferred income taxes
|
7,119 | 3,863 | ||||||
Other non-cash charges
|
8,691 | 5,835 | ||||||
Changes in assets and liabilities, net of effects of acquisitions:
|
||||||||
Decrease (increase) in current assets
|
(86,469 | ) | (62,467 | ) | ||||
Decrease (increase) in noncurrent assets
|
(736 | ) | (3,977 | ) | ||||
Increase (decrease) in current liabilities
|
13,440 | 22,618 | ||||||
Increase (decrease) in noncurrent liabilities
|
(566 | ) | 4,244 | |||||
Net cash provided by (used in) operating activities
|
38,630 | 48,100 | ||||||
Cash flow from investing activities:
|
||||||||
Capital expenditures
|
(61,029 | ) | (47,305 | ) | ||||
Proceeds from sale of land and depreciable assets
|
1,913 | 841 | ||||||
Proceeds from sale of interests in affliates and businesses
|
6,146 | - | ||||||
Investments in and advances to affiliates and joint ventures
|
(3,387 | ) | (2,073 | ) | ||||
Other
|
1,667 | 447 | ||||||
Net cash used in investing activities
|
(54,690 | ) | (48,090 | ) | ||||
Cash flow from financing activities:
|
||||||||
Net change in outstanding debt
|
25,294 | 27,671 | ||||||
Purchase of noncontrolling interest
|
- | (11,873 | ) | |||||
Proceeds from sales of treasury stock
|
8,308 | 5,346 | ||||||
Dividends
|
(22,762 | ) | (22,358 | ) | ||||
Excess tax benefits from stock-based compensation
|
716 | 436 | ||||||
Net cash provided by (used in) financing activities
|
11,556 | (778 | ) | |||||
Effect of foreign currency rate changes on cash
|
940 | 361 | ||||||
Net increase (decrease) in cash and cash equivalents
|
(3,564 | ) | (407 | ) | ||||
Cash and cash equivalents at beginning of period
|
27,262 | 27,669 | ||||||
Cash and cash equivalents at end of period
|
$ | 23,698 | $ | 27,262 |
AMCOL INTERNATIONAL CORPORATION
|
SEGMENT RESULTS (unaudited)
|
QUARTER-TO-DATE
|
Minerals and Materials
|
Three Months Ended December 31,
|
|||||||||||||||||||||||
2011
|
2010 |
2011 vs. 2010
|
||||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 121,375 | 100.0 | % | $ | 114,853 | 100.0 | % | $ | 6,522 | 5.7 | % | ||||||||||||
Cost of sales
|
90,442 | 74.5 | % | 91,379 | 79.6 | % | (937 | ) | -1.0 | % | ||||||||||||||
Gross profit
|
30,933 | 25.5 | % | 23,474 | 20.4 | % | 7,459 | 31.8 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
12,831 | 10.6 | % | 11,867 | 10.3 | % | 964 | 8.1 | % | |||||||||||||||
Operating profit
|
18,102 | 14.9 | % | 11,607 | 10.1 | % | 6,495 | 56.0 | % |
Three Months Ended December 31,
|
||||||||||||||||||||||||
Environmental
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 52,873 | 100.0 | % | $ | 52,356 | 100.0 | % | $ | 517 | 1.0 | % | ||||||||||||
Cost of sales
|
38,630 | 73.1 | % | 35,957 | 68.7 | % | 2,673 | 7.4 | % | |||||||||||||||
Gross profit
|
14,243 | 26.9 | % | 16,399 | 31.3 | % | (2,156 | ) | -13.1 | % | ||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
13,651 | 25.8 | % | 13,625 | 26.0 | % | 26 | 0.2 | % | |||||||||||||||
Operating profit
|
592 | 1.1 | % | 2,774 | 5.3 | % | (2,182 | ) | -78.7 | % | ||||||||||||||
Three Months Ended December 31,
|
||||||||||||||||||||||||
Oilfield Services
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 53,876 | 100.0 | % | $ | 43,569 | 100.0 | % | $ | 10,307 | 23.7 | % | ||||||||||||
Cost of sales
|
38,528 | 71.5 | % | 31,368 | 72.0 | % | 7,160 | 22.8 | % | |||||||||||||||
Gross profit
|
15,348 | 28.5 | % | 12,201 | 28.0 | % | 3,147 | 25.8 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
9,549 | 17.7 | % | 7,443 | 17.1 | % | 2,106 | 28.3 | % | |||||||||||||||
Operating profit
|
5,799 | 10.8 | % | 4,758 | 10.9 | % | 1,041 | 21.9 | % | |||||||||||||||
Three Months Ended December 31,
|
||||||||||||||||||||||||
Transportation
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 11,782 | 100.0 | % | $ | 12,238 | 100.0 | % | $ | (456 | ) | -3.7 | % | |||||||||||
Cost of sales
|
10,459 | 88.8 | % | 10,873 | 88.8 | % | (414 | ) | -3.8 | % | ||||||||||||||
Gross profit
|
1,323 | 11.2 | % | 1,365 | 11.2 | % | (42 | ) | -3.1 | % | ||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
1,002 | 8.5 | % | 899 | 7.3 | % | 103 | 11.5 | % | |||||||||||||||
Operating profit
|
321 | 2.7 | % | 466 | 3.9 | % | (145 | ) | -31.1 | % |
Three Months Ended December 31,
|
||||||||||||||||
Corporate
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||
(Dollars in Thousands)
|
||||||||||||||||
Intersegment sales
|
$ | (6,245 | ) | $ | (3,629 | ) | $ | (2,616 | ) | |||||||
Intersegment cost of sales
|
(6,456 | ) | (3,629 | ) | (2,827 | ) | ||||||||||
Gross profit (loss)
|
211 | - | 211 | |||||||||||||
General, selling and
|
||||||||||||||||
administrative expenses
|
4,835 | 7,282 | (2,447 | ) | -33.6 | % | ||||||||||
Operating loss
|
(4,624 | ) | (7,282 | ) | 2,658 | -36.5 | % |
AMCOL INTERNATIONAL CORPORATION
|
SEGMENT RESULTS (unaudited)
|
YEAR-TO-DATE
|
Twelve Months Ended December 31,
|
||||||||||||||||||||||||
Minerals and Materials
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 481,898 | 100.0 | % | $ | 429,270 | 100.0 | % | $ | 52,628 | 12.3 | % | ||||||||||||
Cost of sales
|
363,040 | 75.3 | % | 330,297 | 76.9 | % | 32,743 | 9.9 | % | |||||||||||||||
Gross profit
|
118,858 | 24.7 | % | 98,973 | 23.1 | % | 19,885 | 20.1 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
49,776 | 10.3 | % | 44,393 | 10.3 | % | 5,383 | 12.1 | % | |||||||||||||||
Operating profit
|
69,082 | 14.4 | % | 54,580 | 12.8 | % | 14,502 | 26.6 | % |
Twelve Months Ended December 31,
|
||||||||||||||||||||||||
Environmental
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 246,385 | 100.0 | % | $ | 220,598 | 100.0 | % | $ | 25,787 | 11.7 | % | ||||||||||||
Cost of sales
|
173,032 | 70.2 | % | 152,450 | 69.1 | % | 20,582 | 13.5 | % | |||||||||||||||
Gross profit
|
73,353 | 29.8 | % | 68,148 | 30.9 | % | 5,205 | 7.6 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
54,912 | 22.3 | % | 48,334 | 21.9 | % | 6,578 | 13.6 | % | |||||||||||||||
Operating profit
|
18,441 | 7.5 | % | 19,814 | 9.0 | % | (1,373 | ) | -6.9 | % |
Twelve Months Ended December 31,
|
||||||||||||||||||||||||
Oilfield Services
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 193,632 | 100.0 | % | $ | 154,621 | 100.0 | % | $ | 39,011 | 25.2 | % | ||||||||||||
Cost of sales
|
138,778 | 71.7 | % | 110,681 | 71.6 | % | 28,097 | 25.4 | % | |||||||||||||||
Gross profit
|
54,854 | 28.3 | % | 43,940 | 28.4 | % | 10,914 | 24.8 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
34,973 | 18.1 | % | 29,322 | 19.0 | % | 5,651 | 19.3 | % | |||||||||||||||
Operating profit
|
19,881 | 10.2 | % | 14,618 | 9.4 | % | 5,263 | 36.0 | % |
Twelve Months Ended December 31,
|
||||||||||||||||||||||||
Transportation
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||||||||||
(Dollars in Thousands)
|
||||||||||||||||||||||||
Net sales
|
$ | 54,113 | 100.0 | % | $ | 52,225 | 100.0 | % | $ | 1,888 | 3.6 | % | ||||||||||||
Cost of sales
|
47,972 | 88.7 | % | 46,360 | 88.8 | % | 1,612 | 3.5 | % | |||||||||||||||
Gross profit
|
6,141 | 11.3 | % | 5,865 | 11.2 | % | 276 | 4.7 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
3,900 | 7.2 | % | 3,435 | 6.6 | % | 465 | 13.5 | % | |||||||||||||||
Operating profit
|
2,241 | 4.1 | % | 2,430 | 4.6 | % | (189 | ) | -7.8 | % |
Twelve Months Ended December 31,
|
||||||||||||||||
Corporate
|
2011
|
2010
|
2011 vs. 2010
|
|||||||||||||
(Dollars in Thousands)
|
||||||||||||||||
Intersegment sales
|
$ | (33,659 | ) | $ | (15,677 | ) | $ | (17,982 | ) | |||||||
Intersegment cost of sales
|
(33,328 | ) | (15,677 | ) | (17,651 | ) | ||||||||||
Gross profit (loss)
|
(331 | ) | - | (331 | ) | |||||||||||
General, selling and
|
||||||||||||||||
administrative expenses
|
21,661 | 21,401 | 260 | 1.2 | % | |||||||||||
Operating loss
|
(21,992 | ) | (21,401 | ) | (591 | ) | 2.8 | % |
AMCOL INTERNATIONAL CORPORATION
|
SUPPLEMENTARY INFORMATION (unaudited)
|
QUARTER-TO-DATE
|
Composition of Sales by Geographic Region
|
Three Months Ended December 31, 2011
|
|||||||||||||||
Americas
|
EMEA
|
Asia Pacific
|
Total
|
|||||||||||||
Minerals and Materials
|
30.3 | % | 9.9 | % | 11.6 | % | 51.8 | % | ||||||||
Environmental
|
10.0 | % | 10.8 | % | 1.4 | % | 22.2 | % | ||||||||
Oilfield services
|
19.6 | % | 1.0 | % | 2.5 | % | 23.1 | % | ||||||||
Transportation
|
2.9 | % | 0.0 | % | 0.0 | % | 2.9 | % | ||||||||
Total - current year's period
|
62.8 | % | 21.7 | % | 15.5 | % | 100.0 | % | ||||||||
Total from prior year's comparable period
|
61.5 | % | 23.7 | % | 14.8 | % | 100.0 | % |
Three Months Ended December 31, 2011
|
||||||||||||||||
vs.
|
||||||||||||||||
Percentage of Revenue Growth by Component |
Three Months Ended December 31, 2010
|
|||||||||||||||
Base
Business
|
Acquisitions
|
Foreign
Exchange
|
Total
|
|||||||||||||
Minerals and Materials
|
3.7 | % | 0.0 | % | -0.7 | % | 3.0 | % | ||||||||
Environmental
|
0.6 | % | 0.0 | % | -0.4 | % | 0.2 | % | ||||||||
Oilfield services
|
4.8 | % | 0.0 | % | -0.1 | % | 4.7 | % | ||||||||
Transportation
|
-1.4 | % | 0.0 | % | 0.0 | % | -1.4 | % | ||||||||
Total
|
7.7 | % | 0.0 | % | -1.2 | % | 6.5 | % | ||||||||
% of growth
|
118.0 | % | 0.0 | % | -18.0 | % | 100.0 | % |
Three Months Ended December 31,
|
||||||||||||
Minerals and Materials Product Line Sales
|
2011
|
2010
|
% change
|
|||||||||
(Dollars in Thousands)
|
||||||||||||
Metalcasting
|
$ | 64,479 | $ | 56,748 | 13.6 | % | ||||||
Specialty materials
|
27,069 | 27,213 | -0.5 | % | ||||||||
Pet products
|
13,762 | 15,232 | -9.7 | % | ||||||||
Basic minerals
|
13,326 | 14,096 | -5.5 | % | ||||||||
Other product lines
|
2,739 | 1,564 | 75.1 | % | ||||||||
Total
|
121,375 | 114,853 | 5.7 | % | ||||||||
Three Months Ended December 31,
|
||||||||||||
Environmental Product Line Sales
|
2011
|
2010
|
% change
|
|||||||||
(Dollars in Thousands)
|
||||||||||||
Lining technologies
|
$ | 20,471 | $ | 22,980 | -10.9 | % | ||||||
Building materials
|
17,276 | 15,357 | 12.5 | % | ||||||||
Contracting services
|
6,721 | 7,753 | -13.3 | % | ||||||||
Drilling products
|
8,405 | 6,266 | 34.1 | % | ||||||||
Total
|
52,873 | 52,356 | 1.0 | % |
AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||
SUPPLEMENTARY INFORMATION (unaudited)
|
||||||||||||||||
YEAR-TO-DATE
|
||||||||||||||||
Composition of Sales by Geographic Region
|
Twelve Months Ended December 31, 2011
|
|||||||||||||||
Americas
|
EMEA
|
Asia Pacific
|
Total
|
|||||||||||||
Minerals and Materials
|
29.9 | % | 9.9 | % | 10.9 | % | 50.7 | % | ||||||||
Environmental
|
11.6 | % | 12.6 | % | 1.6 | % | 25.8 | % | ||||||||
Oilfield services
|
18.0 | % | 0.9 | % | 1.6 | % | 20.5 | % | ||||||||
Transportation
|
3.0 | % | 0.0 | % | 0.0 | % | 3.0 | % | ||||||||
Total - current year's period
|
62.5 | % | 23.4 | % | 14.1 | % | 100.0 | % | ||||||||
Total from prior year's comparable period
|
63.2 | % | 22.1 | % | 14.7 | % | 100.0 | % |
Twelve Months Ended December 31, 2011
|
||||||||||||||||
vs.
|
||||||||||||||||
Percentage of Revenue Growth by Component |
Twelve Months Ended December 31, 2010
|
|||||||||||||||
Base
Business
|
Acquisitions
|
Foreign
Exchange
|
Total
|
|||||||||||||
Minerals and Materials
|
5.8 | % | 0.0 | % | 0.5 | % | 6.3 | % | ||||||||
Environmental
|
2.4 | % | 0.1 | % | 0.6 | % | 3.1 | % | ||||||||
Oilfield services
|
4.3 | % | 0.0 | % | 0.3 | % | 4.6 | % | ||||||||
Transportation
|
-2.0 | % | 0.0 | % | 0.0 | % | -2.0 | % | ||||||||
Total
|
10.5 | % | 0.1 | % | 1.4 | % | 12.0 | % | ||||||||
% of growth
|
87.1 | % | 0.8 | % | 12.1 | % | 100.0 | % |
Twelve Months Ended December 31,
|
||||||||||||
Minerals and Materials Product Line Sales
|
2011
|
2010
|
% change
|
|||||||||
(Dollars in Thousands)
|
||||||||||||
Metalcasting
|
$ | 251,486 | $ | 204,577 | 22.9 | % | ||||||
Specialty materials
|
105,798 | 107,287 | -1.4 | % | ||||||||
Pet products
|
55,999 | 61,971 | -9.6 | % | ||||||||
Basic minerals
|
54,615 | 48,886 | 11.7 | % | ||||||||
Other product lines
|
14,000 | 6,549 | 113.8 | % | ||||||||
Total
|
481,898 | 429,270 | 12.3 | % |
Twelve Months Ended December 31,
|
||||||||||||
Environmental Product Line Sales
|
2011
|
2010
|
% change
|
|||||||||
(Dollars in Thousands)
|
||||||||||||
Lining technologies
|
$ | 103,458 | $ | 107,974 | -4.2 | % | ||||||
Building materials
|
76,144 | 57,220 | 33.1 | % | ||||||||
Contracting services
|
35,407 | 31,075 | 13.9 | % | ||||||||
Drilling products
|
31,376 | 24,329 | 29.0 | % | ||||||||
Total
|
246,385 | 220,598 | 11.7 | % |