Delaware
State of Other Jurisdiction of Incorporation
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0-15661
Commission File Number
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36-0724340
I.R.S. Employer Identification Number
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Press Release titled “AMCOL INTERNATIONAL (NYSE:ACO) REPORTS THIRD QUARTER RESULTS”
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|
Press Release titled “AMCOL INTERNATIONAL (NYSE:ACO) REPORTS IMMINENT FILING OF SECOND QUARTER FORM 10-Q”
|
|
Date: October 26, 2012
|
AMCOL INTERNATIONAL CORPORATION
By: /s/ Ryan F. McKendrick
Ryan F. McKendrick
President and Chief Executive Officer
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AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
|
||||||||||||||||
(unaudited)
|
||||||||||||||||
(In millions, except per share data)
|
||||||||||||||||
Nine Months Ended
|
Three Months Ended
|
|||||||||||||||
September 30,
|
September 30,
|
|||||||||||||||
2012
|
2011
|
2012
|
2011
|
|||||||||||||
Continuing Operations
|
||||||||||||||||
Net sales
|
$ | 746.3 | $ | 709.8 | $ | 253.3 | $ | 248.1 | ||||||||
Cost of sales
|
537.7 | 518.8 | 183.9 | 177.5 | ||||||||||||
Gross profit
|
208.6 | 191.0 | 69.4 | 70.6 | ||||||||||||
Selling, general, and administrative expenses
|
128.7 | 124.1 | 41.8 | 44.0 | ||||||||||||
Operating profit
|
79.9 | 66.9 | 27.6 | 26.6 | ||||||||||||
Other income (expense):
|
||||||||||||||||
Interest expense, net
|
(7.9 | ) | (8.1 | ) | (2.5 | ) | (2.8 | ) | ||||||||
Other, net
|
(2.7 | ) | (0.1 | ) | - | (0.2 | ) | |||||||||
(10.6 | ) | (8.2 | ) | (2.5 | ) | (3.0 | ) | |||||||||
Income before income taxes and income (loss) from affiliates and joint ventures
|
69.3 | 58.7 | 25.1 | 23.6 | ||||||||||||
Income tax expense
|
19.3 | 14.9 | 7.4 | 5.3 | ||||||||||||
Income before income (loss) from affiliates and joint ventures
|
50.0 | 43.8 | 17.7 | 18.3 | ||||||||||||
Income (loss) from affiliates and joint ventures
|
3.4 | 3.9 | 1.1 | 3.0 | ||||||||||||
Net income (loss) from continuing operations
|
53.4 | 47.7 | 18.8 | 21.3 | ||||||||||||
Discontinued Operations
|
||||||||||||||||
Income (loss) on discontinued operations
|
- | (1.2 | ) | - | (1.3 | ) | ||||||||||
Net income (loss)
|
53.4 | 46.5 | 18.8 | 20.0 | ||||||||||||
Net income (loss) attributable to noncontrolling interests
|
(0.2 | ) | (0.1 | ) | - | (0.1 | ) | |||||||||
Net income (loss) attributable to AMCOL shareholders
|
$ | 53.6 | $ | 46.6 | $ | 18.8 | $ | 20.1 | ||||||||
Weighted average common shares outstanding
|
32.0 | 31.7 | 32.1 | 31.8 | ||||||||||||
Weighted average common and common equivalent shares outstanding
|
32.3 | 32.1 | 32.5 | 32.2 | ||||||||||||
Earnings per share attributable to AMCOL shareholders
|
||||||||||||||||
Basic earnings (loss) per share:
|
||||||||||||||||
Continuing operations
|
$ | 1.67 | $ | 1.51 | $ | 0.59 | $ | 0.67 | ||||||||
Discontinued operations
|
- | (0.04 | ) | - | (0.04 | ) | ||||||||||
Net income
|
$ | 1.67 | $ | 1.47 | $ | 0.59 | $ | 0.63 | ||||||||
Diluted earnings (loss) per share:
|
||||||||||||||||
Continuing operations
|
$ | 1.66 | $ | 1.49 | $ | 0.58 | $ | 0.66 | ||||||||
Discontinued operations
|
- | (0.04 | ) | - | (0.04 | ) | ||||||||||
Net income
|
$ | 1.66 | $ | 1.45 | $ | 0.58 | $ | 0.62 | ||||||||
Dividends declared per share
|
$ | 0.56 | $ | 0.54 | $ | 0.20 | $ | 0.18 | ||||||||
AMCOL INTERNATIONAL CORPORATION
|
||||||||
CONDENSED CONSOLIDATED BALANCE SHEETS
|
||||||||
(In millions)
|
||||||||
ASSETS
|
September 30,
|
December 31,
|
||||||
2012
|
2011
|
|||||||
(unaudited)
|
* | |||||||
Current assets:
|
||||||||
Cash and equivalents
|
$ | 17.7 | $ | 23.7 | ||||
Accounts receivable, net
|
219.9 | 204.8 | ||||||
Inventories
|
160.8 | 144.8 | ||||||
Prepaid expenses
|
19.4 | 15.7 | ||||||
Deferred income taxes
|
6.8 | 5.9 | ||||||
Income tax receivable
|
15.1 | 6.9 | ||||||
Other
|
2.6 | 6.1 | ||||||
Total current assets
|
442.3 | 407.9 | ||||||
Noncurrent assets:
|
||||||||
Property, plant, equipment, mineral rights and reserves:
|
||||||||
Land
|
12.9 | 13.9 | ||||||
Mineral rights
|
49.9 | 52.5 | ||||||
Depreciable assets
|
535.6 | 482.6 | ||||||
598.4 | 549.0 | |||||||
Less: accumulated depreciation and depletion
|
303.4 | 275.5 | ||||||
295.0 | 273.5 | |||||||
Goodwill
|
69.9 | 69.5 | ||||||
Intangible assets, net
|
34.8 | 36.6 | ||||||
Investments in and advances to affiliates and joint ventures
|
28.0 | 26.4 | ||||||
Available-for-sale securities
|
7.9 | 3.8 | ||||||
Deferred income taxes
|
9.3 | 8.5 | ||||||
Other assets
|
25.6 | 24.4 | ||||||
Total noncurrent assets
|
470.5 | 442.7 | ||||||
Total Assets
|
$ | 912.8 | $ | 850.6 | ||||
LIABILITIES AND SHAREHOLDERS' EQUITY
|
||||||||
Current liabilities:
|
||||||||
Accounts payable
|
$ | 52.7 | $ | 56.5 | ||||
Accrued income taxes
|
18.2 | 2.4 | ||||||
Accrued liabilities
|
66.9 | 57.9 | ||||||
Total current liabilities
|
137.8 | 116.8 | ||||||
Noncurrent liabilities:
|
||||||||
Long-term debt
|
244.1 | 260.7 | ||||||
Pension liabilities
|
35.3 | 34.8 | ||||||
Deferred compensation
|
10.3 | 8.9 | ||||||
Deferred income taxes
|
13.0 | 13.5 | ||||||
Other long-term liabilities
|
21.7 | 19.2 | ||||||
Total noncurrent liabilities
|
324.4 | 337.1 | ||||||
Shareholders' Equity:
|
||||||||
Common stock
|
0.3 | 0.3 | ||||||
Additional paid in capital
|
100.8 | 94.3 | ||||||
Retained earnings
|
352.1 | 316.4 | ||||||
Accumulated other comprehensive income
|
(5.7 | ) | (15.0 | ) | ||||
Less: Treasury stock
|
(0.7 | ) | (3.4 | ) | ||||
Total AMCOL shareholders' equity
|
446.8 | 392.6 | ||||||
Noncontrolling interest
|
3.8 | 4.1 | ||||||
Total equity
|
450.6 | 396.7 | ||||||
Total Liabilities and Shareholders' Equity
|
$ | 912.8 | $ | 850.6 | ||||
* Condensed from audited financial statements.
|
AMCOL INTERNATIONAL CORPORATION
|
||||||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
|
||||||||
(In millions)
|
||||||||
Nine Months Ended
|
||||||||
September 30,
|
||||||||
2012
|
2011
|
|||||||
Cash flow from operating activities:
|
||||||||
Net income
|
$ | 53.4 | $ | 46.5 | ||||
Adjustments to reconcile net income to net cash
|
||||||||
provided by (used in) operating activities:
|
||||||||
Depreciation, depletion, and amortization
|
33.3 | 31.2 | ||||||
Other non-cash charges
|
5.3 | 4.1 | ||||||
Changes in assets and liabilities, net of effects of acquisitions:
|
||||||||
Decrease (increase) in current assets
|
(43.1 | ) | (90.3 | ) | ||||
Decrease (increase) in noncurrent assets
|
(0.5 | ) | 2.5 | |||||
Increase (decrease) in current liabilities
|
19.0 | 24.2 | ||||||
Increase (decrease) in noncurrent liabilities
|
5.2 | (1.5 | ) | |||||
Net cash provided by (used in) operating activities
|
72.6 | 16.7 | ||||||
Cash flow from investing activities:
|
||||||||
Capital expenditures
|
(54.2 | ) | (43.8 | ) | ||||
Investments in and advances to affiliates and joint ventures
|
0.2 | (0.7 | ) | |||||
Proceeds from sale of land and depreciable assets
|
1.5 | 1.6 | ||||||
Other
|
1.9 | 2.5 | ||||||
Net cash (used in) investing activities
|
(50.6 | ) | (40.4 | ) | ||||
Cash flow from financing activities:
|
||||||||
Net change in outstanding debt
|
(16.8 | ) | 14.9 | |||||
Proceeds from exercise of stock awards
|
4.9 | 6.9 | ||||||
Dividends
|
(17.2 | ) | (17.1 | ) | ||||
Excess tax benefits from stock-based compensation
|
0.2 | 0.7 | ||||||
Net cash provided by (used in) financing activities
|
(28.9 | ) | 5.4 | |||||
Effect of foreign currency rate changes on cash
|
0.9 | 0.8 | ||||||
Net increase (decrease) in cash and cash equivalents
|
(6.0 | ) | (17.5 | ) | ||||
Cash and cash equivalents at beginning of period
|
23.7 | 26.8 | ||||||
Cash and cash equivalents at end of period
|
$ | 17.7 | $ | 9.3 |
AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||||||||||
SEGMENT RESULTS (unaudited)
|
||||||||||||||||||||||||
QUARTER-TO-DATE
|
||||||||||||||||||||||||
Minerals and Materials
|
Three Months Ended September 30,
|
|||||||||||||||||||||||
2012
|
2011
|
2012 vs. 2011
|
||||||||||||||||||||||
(Dollars in Millions)
|
||||||||||||||||||||||||
Net sales
|
$ | 121.0 | 100.0 | % | $ | 122.3 | 100.0 | % | $ | (1.3 | ) | -1.1 | % | |||||||||||
Cost of sales
|
89.8 | 74.2 | % | 90.7 | 74.2 | % | (0.9 | ) | -1.0 | % | ||||||||||||||
Gross profit
|
31.2 | 25.8 | % | 31.6 | 25.8 | % | (0.4 | ) | -1.3 | % | ||||||||||||||
Selling, general and
|
||||||||||||||||||||||||
administrative expenses
|
13.2 | 10.9 | % | 12.0 | 9.8 | % | 1.2 | 10.0 | % | |||||||||||||||
Operating profit
|
18.0 | 14.9 | % | 19.6 | 16.0 | % | (1.6 | ) | -8.2 | % |
Environmental
|
Three Months Ended September 30,
|
|||||||||||||||||||||||
2012
|
2011
|
2012 vs. 2011
|
||||||||||||||||||||||
(Dollars in Millions)
|
||||||||||||||||||||||||
Net sales
|
$ | 60.4 | 100.0 | % | $ | 71.1 | 100.0 | % | $ | (10.7 | ) | -15.0 | % | |||||||||||
Cost of sales
|
40.7 | 67.4 | % | 49.0 | 68.9 | % | (8.3 | ) | -16.9 | % | ||||||||||||||
Gross profit
|
19.7 | 32.6 | % | 22.1 | 31.1 | % | (2.4 | ) | -10.9 | % | ||||||||||||||
Selling, general and
|
||||||||||||||||||||||||
administrative expenses
|
13.1 | 21.7 | % | 14.3 | 20.1 | % | (1.2 | ) | -8.4 | % | ||||||||||||||
Operating profit
|
6.6 | 10.9 | % | 7.8 | 11.0 | % | (1.2 | ) | -15.4 | % |
Three Months Ended September 30,
|
||||||||||||||||||||||||
Oilfield Services
|
2012
|
2011
|
2012 vs. 2011
|
|||||||||||||||||||||
(Dollars in Millions)
|
||||||||||||||||||||||||
Net sales
|
$ | 69.1 | 100.0 | % | $ | 50.2 | 100.0 | % | $ | 18.9 | 37.6 | % | ||||||||||||
Cost of sales
|
51.4 | 74.4 | % | 34.9 | 69.5 | % | 16.5 | 47.3 | % | |||||||||||||||
Gross profit
|
17.7 | 25.6 | % | 15.3 | 30.5 | % | 2.4 | 15.7 | % | |||||||||||||||
Selling, general and
|
||||||||||||||||||||||||
administrative expenses
|
9.8 | 14.2 | % | 9.6 | 19.1 | % | 0.2 | 2.1 | % | |||||||||||||||
Operating profit
|
7.9 | 11.4 | % | 5.7 | 11.4 | % | 2.2 | 38.6 | % |
Three Months Ended September 30,
|
||||||||||||||||||||||||
Transportation
|
2012
|
2011
|
2012 vs. 2011
|
|||||||||||||||||||||
(Dollars in Millions)
|
||||||||||||||||||||||||
Net sales
|
$ | 10.7 | 100.0 | % | $ | 14.8 | 100.0 | % | $ | (4.1 | ) | -27.7 | % | |||||||||||
Cost of sales
|
9.6 | 89.7 | % | 13.1 | 88.5 | % | (3.5 | ) | -26.7 | % | ||||||||||||||
Gross profit
|
1.1 | 10.3 | % | 1.7 | 11.5 | % | (0.6 | ) | -35.3 | % | ||||||||||||||
Selling, general and
|
||||||||||||||||||||||||
administrative expenses
|
0.9 | 8.4 | % | 1.0 | 6.8 | % | (0.1 | ) | -10.0 | % | ||||||||||||||
Operating profit
|
0.2 | 1.9 | % | 0.7 | 4.7 | % | (0.5 | ) | -71.4 | % |
Three Months Ended September 30,
|
||||||||||||||||
Corporate
|
2012
|
2011
|
2012 vs. 2011
|
|||||||||||||
(Dollars in Millions)
|
||||||||||||||||
Intersegment shipping sales
|
$ | (7.9 | ) | $ | (10.3 | ) | $ | 2.4 | ||||||||
Intersegment shipping costs
|
(7.6 | ) | (10.2 | ) | 2.6 | |||||||||||
Gross profit (loss)
|
(0.3 | ) | (0.1 | ) | (0.2 | ) | ||||||||||
Selling, general and
|
||||||||||||||||
administrative expenses
|
4.8 | 7.1 | (2.3 | ) | -32.4 | % | ||||||||||
Operating loss
|
(5.1 | ) | (7.2 | ) | 2.1 | -29.2 | % |
AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||||||||||
SEGMENT RESULTS (unaudited)
|
||||||||||||||||||||||||
YEAR-TO-DATE
|
||||||||||||||||||||||||
Minerals and Materials
|
Nine Months Ended September 30,
|
|||||||||||||||||||||||
2012
|
2011
|
2012 vs. 2011
|
||||||||||||||||||||||
(Dollars in Millions)
|
||||||||||||||||||||||||
Net sales
|
$ | 377.3 | 100.0 | % | $ | 356.4 | 100.0 | % | $ | 20.9 | 5.9 | % | ||||||||||||
Cost of sales
|
277.1 | 73.4 | % | 270.6 | 75.9 | % | 6.5 | 2.4 | % | |||||||||||||||
Gross profit
|
100.2 | 26.6 | % | 85.8 | 24.1 | % | 14.4 | 16.8 | % | |||||||||||||||
Selling, general and
|
||||||||||||||||||||||||
administrative expenses
|
38.2 | 10.1 | % | 36.7 | 10.3 | % | 1.5 | 4.1 | % | |||||||||||||||
Operating profit
|
62.0 | 16.5 | % | 49.1 | 13.8 | % | 12.9 | 26.3 | % |
Nine Months Ended September 30,
|
||||||||||||||||||||||||
Environmental
|
2012
|
2011
|
2012 vs. 2011
|
|||||||||||||||||||||
(Dollars in Millions)
|
||||||||||||||||||||||||
Net sales
|
$ | 172.8 | 100.0 | % | $ | 197.6 | 100.0 | % | $ | (24.8 | ) | -12.6 | % | |||||||||||
Cost of sales
|
120.0 | 69.4 | % | 137.4 | 69.5 | % | (17.4 | ) | -12.7 | % | ||||||||||||||
Gross profit
|
52.8 | 30.6 | % | 60.2 | 30.5 | % | (7.4 | ) | -12.3 | % | ||||||||||||||
Selling, general and
|
||||||||||||||||||||||||
administrative expenses
|
39.2 | 22.7 | % | 42.3 | 21.4 | % | (3.1 | ) | -7.3 | % | ||||||||||||||
Operating profit
|
13.6 | 7.9 | % | 17.9 | 9.1 | % | (4.3 | ) | -24.0 | % |
Nine Months Ended September 30,
|
||||||||||||||||||||||||
Oilfield Services
|
2012
|
2011
|
2012 vs. 2011
|
|||||||||||||||||||||
(Dollars in Millions)
|
||||||||||||||||||||||||
Net sales
|
$ | 185.5 | 100.0 | % | $ | 140.9 | 100.0 | % | $ | 44.6 | 31.7 | % | ||||||||||||
Cost of sales
|
133.2 | 71.8 | % | 100.3 | 71.2 | % | 32.9 | 32.8 | % | |||||||||||||||
Gross profit
|
52.3 | 28.2 | % | 40.6 | 28.8 | % | 11.7 | 28.8 | % | |||||||||||||||
Selling, general and
|
||||||||||||||||||||||||
administrative expenses
|
31.9 | 17.2 | % | 25.4 | 18.0 | % | 6.5 | 25.6 | % | |||||||||||||||
Operating profit
|
20.4 | 11.0 | % | 15.2 | 10.8 | % | 5.2 | 34.2 | % |
Nine Months Ended September 30,
|
||||||||||||||||||||||||
Transportation
|
2012
|
2011
|
2012 vs. 2011
|
|||||||||||||||||||||
(Dollars in Millions)
|
||||||||||||||||||||||||
Net sales
|
$ | 33.5 | 100.0 | % | $ | 42.3 | 100.0 | % | $ | (8.8 | ) | -20.8 | % | |||||||||||
Cost of sales
|
30.0 | 89.6 | % | 37.5 | 88.7 | % | (7.5 | ) | -20.0 | % | ||||||||||||||
Gross profit
|
3.5 | 10.4 | % | 4.8 | 11.3 | % | (1.3 | ) | -27.1 | % | ||||||||||||||
Selling, general and
|
||||||||||||||||||||||||
administrative expenses
|
2.8 | 8.4 | % | 2.9 | 6.9 | % | (0.1 | ) | -3.4 | % | ||||||||||||||
Operating profit
|
0.7 | 2.0 | % | 1.9 | 4.4 | % | (1.2 | ) | -63.2 | % |
Nine Months Ended September 30,
|
||||||||||||||||
Corporate
|
2012
|
2011
|
2012 vs. 2011
|
|||||||||||||
(Dollars in Millions)
|
||||||||||||||||
Intersegment sales
|
$ | (22.8 | ) | $ | (27.4 | ) | $ | 4.6 | ||||||||
Intersegment cost of sales
|
(22.6 | ) | (27.0 | ) | 4.4 | |||||||||||
Gross profit (loss)
|
(0.2 | ) | (0.4 | ) | 0.2 | |||||||||||
Selling, general and
|
||||||||||||||||
administrative expenses
|
16.6 | 16.8 | (0.2 | ) | -1.2 | % | ||||||||||
Operating loss
|
(16.8 | ) | (17.2 | ) | 0.4 | -2.3 | % |
AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||
SUPPLEMENTARY INFORMATION (unaudited)
|
||||||||||||||||
QUARTER-TO-DATE
|
||||||||||||||||
Composition of Sales by Geographic Region
|
Three Months Ended September 30, 2012
|
|||||||||||||||
Americas
|
EMEA
|
Asia Pacific
|
Total
|
|||||||||||||
Minerals & Materials
|
28.6 | % | 8.6 | % | 10.0 | % | 47.2 | % | ||||||||
Environmental
|
10.9 | % | 10.7 | % | 2.1 | % | 23.7 | % | ||||||||
Oilfield Services
|
19.5 | % | 2.3 | % | 5.4 | % | 27.2 | % | ||||||||
Transportation & intersegment shipping
|
1.9 | % | 0.0 | % | 0.0 | % | 1.9 | % | ||||||||
Total - current year's period
|
60.9 | % | 21.6 | % | 17.5 | % | 100.0 | % | ||||||||
Total from prior year's comparable period
|
62.3 | % | 24.2 | % | 13.5 | % | 100.0 | % |
Three Months Ended September 30, 2012
|
||||||||||||||||
vs.
|
||||||||||||||||
Percentage of Revenue Growth by Component
|
Three Months Ended September 30, 2011
|
|||||||||||||||
Base Business
|
Acquisitions
|
Foreign Exchange
|
Total
|
|||||||||||||
Minerals & Materials
|
0.2 | % | 0.0 | % | -0.7 | % | -0.5 | % | ||||||||
Environmental
|
-2.7 | % | 0.0 | % | -1.6 | % | -4.3 | % | ||||||||
Oilfield Services
|
7.9 | % | 0.0 | % | -0.3 | % | 7.6 | % | ||||||||
Transportation & intersegment shipping
|
-0.7 | % | 0.0 | % | 0.0 | % | -0.7 | % | ||||||||
Total
|
4.7 | % | 0.0 | % | -2.6 | % | 2.1 | % | ||||||||
% of growth
|
223.8 | % | 0.0 | % | -123.8 | % | 100.0 | % |
Three Months Ended September 30,
|
||||||||||||
Minerals and Materials Product Line Sales
|
2012
|
2011
|
% change
|
|||||||||
(Dollars in Millions)
|
||||||||||||
Metalcasting
|
$ | 67.8 | $ | 66.0 | 2.7 | % | ||||||
Specialty materials
|
22.7 | 25.5 | -11.0 | % | ||||||||
Basic minerals
|
15.2 | 14.5 | 4.8 | % | ||||||||
Pet products
|
11.9 | 14.1 | -15.6 | % | ||||||||
Other product lines
|
3.4 | 2.2 | 54.5 | % | ||||||||
Total
|
121.0 | 122.3 | -1.1 | % |
Three Months Ended September 30,
|
||||||||||||
Environmental Product Line Sales
|
2012
|
2011
|
% change
|
|||||||||
(Dollars in Millions)
|
||||||||||||
Lining technologies
|
$ | 25.1 | $ | 29.6 | -15.2 | % | ||||||
Building materials
|
20.3 | 21.4 | -5.1 | % | ||||||||
Drilling products
|
9.9 | 8.6 | 15.1 | % | ||||||||
Contracting services
|
5.1 | 11.5 | -55.7 | % | ||||||||
Total
|
60.4 | 71.1 | -15.0 | % |
AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||
SUPPLEMENTARY INFORMATION (unaudited)
|
||||||||||||||||
YEAR-TO-DATE
|
||||||||||||||||
Composition of Sales by Geographic Region
|
Nine Months Ended September 30, 2012
|
|||||||||||||||
Americas
|
EMEA
|
Asia Pacific
|
Total
|
|||||||||||||
Minerals and materials
|
31.0 | % | 8.5 | % | 10.3 | % | 49.8 | % | ||||||||
Environmental
|
11.3 | % | 9.5 | % | 2.2 | % | 23.0 | % | ||||||||
Oilfield services
|
19.7 | % | 1.7 | % | 3.5 | % | 24.9 | % | ||||||||
Transportation & intersegment shipping
|
2.3 | % | 0.0 | % | 0.0 | % | 2.3 | % | ||||||||
Total - current year's period
|
64.3 | % | 19.7 | % | 16.0 | % | 100.0 | % | ||||||||
Total from prior year's comparable period
|
62.4 | % | 23.9 | % | 13.7 | % | 100.0 | % |
Nine Months Ended September 30, 2012
|
||||||||||||||||
vs.
|
||||||||||||||||
Percentage of Revenue Growth by Component
|
Nine Months Ended September 30, 2011
|
|||||||||||||||
Organic
|
Acquisitions
|
Foreign Exchange
|
Total
|
|||||||||||||
Minerals and materials
|
3.6 | % | 0.0 | % | -0.7 | % | 2.9 | % | ||||||||
Environmental
|
-2.0 | % | 0.0 | % | -1.5 | % | -3.5 | % | ||||||||
Oilfield services
|
6.5 | % | 0.0 | % | -0.2 | % | 6.3 | % | ||||||||
Transportation & intersegment shipping
|
-0.6 | % | 0.0 | % | 0.0 | % | -0.6 | % | ||||||||
Total
|
7.5 | % | 0.0 | % | -2.4 | % | 5.1 | % | ||||||||
% of growth
|
147.1 | % | 0.0 | % | -47.1 | % | 100.0 | % |
Nine Months Ended September 30,
|
||||||||||||
Minerals and Materials Product Line Sales
|
2012
|
2011
|
% change
|
|||||||||
(Dollars in Millions)
|
||||||||||||
Metalcasting
|
$ | 201.6 | $ | 187.0 | 7.8 | % | ||||||
Specialty materials
|
75.7 | 78.7 | -3.8 | % | ||||||||
Basic minerals
|
52.2 | 41.3 | 26.4 | % | ||||||||
Pet products
|
40.0 | 42.2 | -5.2 | % | ||||||||
Other product lines
|
7.8 | 7.2 | 8.3 | % | ||||||||
Total
|
377.3 | 356.4 | 5.9 | % |
Nine Months Ended September 30,
|
||||||||||||
Environmental Product Line Sales
|
2012
|
2011
|
% change
|
|||||||||
(Dollars in Millions)
|
||||||||||||
Lining technologies
|
$ | 71.9 | $ | 84.5 | -14.9 | % | ||||||
Building materials
|
58.2 | 60.6 | -4.0 | % | ||||||||
Drilling products
|
29.0 | 23.3 | 24.5 | % | ||||||||
Contracting services
|
13.7 | 29.2 | -53.1 | % | ||||||||
Total
|
172.8 | 197.6 | -12.6 | % |
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