Delaware
State of Other Jurisdiction of Incorporation
|
1-14447
Commission File Number
|
36-0724340
I.R.S. Employer Identification Number
|
[ ]
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
[ ]
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
[ ]
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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|
[ ]
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 2.02
|
Results of Operations and Financial Condition.
|
Item 4.02
|
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
|
|
2009
|
2010
|
2011
|
Q1 2012 | ||||||||||||
Initial Errors
|
$ | (1.6 | ) | $ | (1.4 | ) | $ | 0.5 | $ | 1.1 | ||||||
Supplemental Errors
|
- | $ | (0.3 | ) | $ | (1.5 | ) | $ | 0.2 | |||||||
$ | (1.6 | ) | $ | (1.7 | ) | $ | (1.0 | ) | $ | 1.3 |
AMCOL INTERNATIONAL CORPORATION
|
||||
Date:
|
January 25, 2013
|
By:
|
/s/ Donald W. Pearson
|
|
Donald W. Pearson
|
||||
Senior Vice President and Chief Financial Officer
|
Exhibit No.
|
Description of Exhibit
|
|
Press Release dated January 25, 2013
|
||
![]() |
2009
|
2010
|
2011
|
Q1 2012 | |||||||||||||
Initial errors
|
$ | (1.6 | ) | $ | (1.4 | ) | $ | 0.5 | $ | 1.1 | ||||||
Supplemental errors
|
- | $ | (0.3 | ) | $ | (1.5 | ) | $ | 0.2 | |||||||
$ | (1.6 | ) | $ | (1.7 | ) | $ | (1.0 | ) | $ | 1.3 | ||||||
AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
|
||||||||||||||||
(unaudited)
|
||||||||||||||||
(In Millions, Except per Share Data)
|
||||||||||||||||
Twelve Months Ended
|
Three Months Ended
|
|||||||||||||||
December 31,
|
December 31,
|
|||||||||||||||
2012
|
2011
|
2012
|
2011
|
|||||||||||||
Continuing Operations
|
||||||||||||||||
Net sales
|
$ | 985.3 | $ | 943.8 | $ | 239.1 | $ | 233.8 | ||||||||
Cost of sales
|
714.0 | 691.7 | 176.9 | 171.7 | ||||||||||||
Gross profit
|
271.3 | 252.1 | 62.2 | 62.1 | ||||||||||||
General, selling and administrative expenses
|
172.2 | 166.4 | 43.6 | 41.8 | ||||||||||||
Operating profit
|
99.1 | 85.7 | 18.6 | 20.3 | ||||||||||||
Other income (expense):
|
||||||||||||||||
Interest expense, net
|
(10.4 | ) | (11.3 | ) | (2.5 | ) | (3.1 | ) | ||||||||
Other, net
|
(3.4 | ) | 0.2 | (0.7 | ) | 0.2 | ||||||||||
(13.8 | ) | (11.1 | ) | (3.2 | ) | (2.9 | ) | |||||||||
Income before income taxes and income (loss) from affiliates and joint ventures
|
85.3 | 74.6 | 15.4 | 17.4 | ||||||||||||
Income tax expense (benefit)
|
23.2 | 20.5 | 3.8 | 6.0 | ||||||||||||
Income before income (loss) from affiliates and joint ventures
|
62.1 | 54.1 | 11.6 | 11.4 | ||||||||||||
Income (loss) from affiliates and joint ventures
|
3.9 | 5.2 | 0.5 | 1.3 | ||||||||||||
Net income (loss) from continuing operations
|
66.0 | 59.3 | 12.1 | 12.7 | ||||||||||||
Discontinued Operations
|
||||||||||||||||
Income (loss) on discontinued operations
|
- | (1.2 | ) | - | - | |||||||||||
Net income (loss)
|
66.0 | 58.1 | 12.1 | 12.7 | ||||||||||||
Net income (loss) attributable to noncontrolling interests
|
(0.2 | ) | - | - | 0.1 | |||||||||||
Net income (loss) attributable to AMCOL shareholders
|
$ | 66.2 | $ | 58.1 | $ | 12.1 | $ | 12.6 | ||||||||
Weighted average common shares outstanding
|
32.1 | 31.7 | 32.1 | 31.8 | ||||||||||||
Weighted average common and common equivalent shares outstanding
|
32.4 | 32.1 | 32.5 | 32.2 | ||||||||||||
Earnings per share attributable to AMCOL shareholders
|
||||||||||||||||
Basic earnings per share:
|
||||||||||||||||
Continuing operations
|
$ | 2.06 | $ | 1.87 | $ | 0.38 | $ | 0.40 | ||||||||
Discontinued operations
|
- | (0.04 | ) | - | - | |||||||||||
Net income (loss)
|
$ | 2.06 | $ | 1.83 | $ | 0.38 | $ | 0.40 | ||||||||
Diluted earnings per share:
|
||||||||||||||||
Continuing operations
|
$ | 2.04 | $ | 1.85 | $ | 0.37 | $ | 0.39 | ||||||||
Discontinued operations
|
- | (0.04 | ) | - | - | |||||||||||
Net income (loss)
|
$ | 2.04 | $ | 1.81 | $ | 0.37 | $ | 0.39 | ||||||||
Dividends declared per share
|
$ | 0.76 | $ | 0.72 | $ | 0.20 | $ | 0.18 | ||||||||
AMCOL INTERNATIONAL CORPORATION
|
||||||||
CONDENSED CONSOLIDATED BALANCE SHEETS
|
||||||||
(In Millions)
|
||||||||
ASSETS
|
December 31,
|
December 31,
|
||||||
2012
|
2011
|
|||||||
(unaudited)
|
||||||||
Current assets:
|
||||||||
Cash and equivalents
|
$ | 40.0 | $ | 24.1 | ||||
Accounts receivable, net
|
203.1 | 204.6 | ||||||
Inventories
|
153.9 | 144.6 | ||||||
Prepaid expenses
|
17.0 | 15.2 | ||||||
Deferred income taxes
|
7.0 | 5.9 | ||||||
Income tax receivable
|
7.0 | 6.9 | ||||||
Other
|
1.9 | 6.1 | ||||||
Total current assets
|
429.9 | 407.4 | ||||||
Noncurrent assets:
|
||||||||
Property, plant, equipment, mineral rights and reserves:
|
||||||||
Land
|
13.0 | 13.9 | ||||||
Mineral rights
|
48.6 | 52.5 | ||||||
Depreciable assets
|
552.8 | 482.6 | ||||||
614.4 | 549.0 | |||||||
Less: accumulated depreciation and depletion
|
311.4 | 275.5 | ||||||
303.0 | 273.5 | |||||||
Goodwill
|
70.2 | 69.5 | ||||||
Intangible assets, net
|
33.7 | 36.6 | ||||||
Investments in and advances to affiliates and joint ventures
|
27.8 | 26.4 | ||||||
Available for sale securities
|
14.6 | 3.8 | ||||||
Deferred income taxes
|
7.5 | 8.5 | ||||||
Other assets
|
25.3 | 24.5 | ||||||
Total noncurrent assets
|
482.1 | 442.8 | ||||||
$ | 912.0 | $ | 850.2 | |||||
LIABILITIES AND SHAREHOLDERS' EQUITY
|
||||||||
Current liabilities:
|
||||||||
Accounts payable
|
$ | 51.1 | $ | 56.5 | ||||
Accrued liabilities
|
63.5 | 61.3 | ||||||
Total current liabilities
|
114.6 | 117.8 | ||||||
Noncurrent liabilities:
|
||||||||
Long-term debt
|
248.8 | 260.7 | ||||||
Pension liabilities
|
37.6 | 34.8 | ||||||
Deferred income taxes
|
12.8 | 13.5 | ||||||
Deferred compensation
|
11.1 | 8.9 | ||||||
Other liabilities
|
20.5 | 19.2 | ||||||
Total noncurrent liabilities
|
330.8 | 337.1 | ||||||
Equity:
|
||||||||
Common stock
|
0.3 | 0.3 | ||||||
Additional paid in capital
|
105.1 | 94.3 | ||||||
Retained earnings
|
356.6 | 314.7 | ||||||
Accumulated other comprehensive income
|
0.8 | (14.7 | ) | |||||
462.8 | 394.6 | |||||||
Less:
|
||||||||
Treasury stock
|
- | 3.4 | ||||||
Total AMCOL shareholders' equity
|
462.8 | 391.2 | ||||||
Noncontrolling interest
|
3.8 | 4.1 | ||||||
Total equity
|
466.6 | 395.3 | ||||||
$ | 912.0 | $ | 850.2 | |||||
AMCOL INTERNATIONAL CORPORATION
|
||||||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
|
||||||||
(In Millions)
|
||||||||
Twelve Months Ended
|
||||||||
December 31,
|
||||||||
2012
|
2011
|
|||||||
Cash flow from operating activities:
|
||||||||
Net income
|
$ | 66.0 | $ | 58.1 | ||||
Adjustments to reconcile net income to net cash
|
||||||||
provided by (used in) operating activities:
|
||||||||
Depreciation, depletion, and amortization
|
45.2 | 42.3 | ||||||
Undistributed earnings from affiliates and joint ventures
|
(2.0 | ) | (3.6 | ) | ||||
Decrease (increase) in deferred income taxes
|
(1.0 | ) | 6.8 | |||||
Other non-cash charges
|
11.5 | 9.7 | ||||||
Changes in assets and liabilities, net of effects of acquisitions:
|
||||||||
Decrease (increase) in current assets
|
(9.8 | ) | (85.3 | ) | ||||
Decrease (increase) in noncurrent assets
|
(0.4 | ) | (0.6 | ) | ||||
Increase (decrease) in current liabilities
|
(6.7 | ) | 13.2 | |||||
Increase (decrease) in noncurrent liabilities
|
6.1 | (1.3 | ) | |||||
Net cash provided by (used in) operating activities
|
108.9 | 39.3 | ||||||
Cash flow from investing activities:
|
||||||||
Capital expenditures
|
(74.7 | ) | (61.0 | ) | ||||
Proceeds from sale of land and depreciable assets
|
2.4 | 1.9 | ||||||
Proceeds from sale of interests in affliates and businesses
|
2.4 | 6.2 | ||||||
Investments in and advances to affiliates and joint ventures
|
0.2 | (2.9 | ) | |||||
Other
|
1.4 | 1.6 | ||||||
Net cash used in investing activities
|
(68.3 | ) | (54.2 | ) | ||||
Cash flow from financing activities:
|
||||||||
Net change in outstanding debt
|
(12.3 | ) | 25.3 | |||||
Proceeds from sales of treasury stock
|
9.7 | 8.0 | ||||||
Dividends
|
(23.5 | ) | (22.7 | ) | ||||
Excess tax benefits from stock-based compensation
|
0.5 | 0.7 | ||||||
Net cash provided by (used in) financing activities
|
(25.6 | ) | 11.3 | |||||
Effect of foreign currency rate changes on cash
|
0.9 | 0.9 | ||||||
Net increase (decrease) in cash and cash equivalents
|
15.9 | (2.7 | ) | |||||
Cash and cash equivalents at beginning of period
|
24.1 | 26.8 | ||||||
Cash and cash equivalents at end of period
|
40.0 | 24.1 |
AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||||||||||
SEGMENT RESULTS (unaudited)
|
||||||||||||||||||||||||
QUARTER-TO-DATE
|
||||||||||||||||||||||||
Performance Materials
|
Three Months Ended December 31,
|
|||||||||||||||||||||||
2012
|
2011
|
2012 vs. 2011
|
||||||||||||||||||||||
(Dollars in Millions)
|
||||||||||||||||||||||||
Net sales
|
$ | 114.6 | 100.0 | % | $ | 120.3 | 100.0 | % | $ | (5.7 | ) | -4.7 | % | |||||||||||
Cost of sales
|
87.9 | 76.7 | % | 89.6 | 74.5 | % | (1.7 | ) | -1.9 | % | ||||||||||||||
Gross profit
|
26.7 | 23.3 | % | 30.7 | 25.5 | % | (4.0 | ) | -13.0 | % | ||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
12.0 | 10.5 | % | 12.6 | 10.5 | % | (0.6 | ) | -4.8 | % | ||||||||||||||
Operating profit
|
14.7 | 12.8 | % | 18.1 | 15.0 | % | (3.4 | ) | -18.8 | % | ||||||||||||||
Three Months Ended December 31,
|
||||||||||||||||||||||||
Construction Technologies
|
2012
|
2011
|
2012 vs. 2011
|
|||||||||||||||||||||
(Dollars in Millions)
|
||||||||||||||||||||||||
Net sales
|
$ | 50.1 | 100.0 | % | $ | 54.2 | 100.0 | % | $ | (4.1 | ) | -7.6 | % | |||||||||||
Cost of sales
|
34.8 | 69.5 | % | 39.7 | 73.2 | % | (4.9 | ) | -12.3 | % | ||||||||||||||
Gross profit
|
15.3 | 30.5 | % | 14.5 | 26.8 | % | 0.8 | 5.5 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
13.4 | 26.7 | % | 14.0 | 25.8 | % | (0.6 | ) | -4.3 | % | ||||||||||||||
Operating profit
|
1.9 | 3.8 | % | 0.5 | 1.0 | % | 1.4 | 280.0 | % |
Three Months Ended December 31,
|
||||||||||||||||||||||||
Energy Services
|
2012
|
2011
|
2012 vs. 2011
|
|||||||||||||||||||||
(Dollars in Millions)
|
||||||||||||||||||||||||
Net sales
|
$ | 71.8 | 100.0 | % | $ | 53.8 | 100.0 | % | $ | 18.0 | 33.5 | % | ||||||||||||
Cost of sales
|
52.8 | 73.5 | % | 38.4 | 71.4 | % | 14.4 | 37.5 | % | |||||||||||||||
Gross profit
|
19.0 | 26.5 | % | 15.4 | 28.6 | % | 3.6 | 23.4 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
10.6 | 14.8 | % | 9.4 | 17.5 | % | 1.2 | 12.8 | % | |||||||||||||||
Operating profit
|
8.4 | 11.7 | % | 6.0 | 11.1 | % | 2.4 | 40.0 | % |
Three Months Ended December 31,
|
||||||||||||||||||||||||
Transportation
|
2012
|
2011
|
2012 vs. 2011
|
|||||||||||||||||||||
(Dollars in Millions)
|
||||||||||||||||||||||||
Net sales
|
$ | 10.5 | 100.0 | % | $ | 11.8 | 100.0 | % | $ | (1.3 | ) | -11.0 | % | |||||||||||
Cost of sales
|
9.4 | 89.5 | % | 10.5 | 89.0 | % | (1.1 | ) | -10.5 | % | ||||||||||||||
Gross profit
|
1.1 | 10.5 | % | 1.3 | 11.0 | % | (0.2 | ) | -15.4 | % | ||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
1.0 | 9.5 | % | 1.0 | 8.5 | % | - | 0.0 | % | |||||||||||||||
Operating profit
|
0.1 | 1.0 | % | 0.3 | 2.5 | % | (0.2 | ) | -66.7 | % |
Three Months Ended December 31,
|
||||||||||||||||
Corporate
|
2012
|
2011
|
2012 vs. 2011
|
|||||||||||||
(Dollars in Millions)
|
||||||||||||||||
Intersegment sales
|
$ | (7.9 | ) | $ | (6.3 | ) | $ | (1.6 | ) | |||||||
Intersegment cost of sales
|
(8.0 | ) | (6.5 | ) | (1.5 | ) | ||||||||||
Gross profit (loss)
|
0.1 | 0.2 | (0.1 | ) | ||||||||||||
General, selling and
|
||||||||||||||||
administrative expenses
|
6.6 | 4.8 | 1.8 | 37.5 | % | |||||||||||
Operating loss
|
(6.5 | ) | (4.6 | ) | (1.9 | ) | 41.3 | % |
AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||||||||||
SEGMENT RESULTS (unaudited)
|
||||||||||||||||||||||||
YEAR-TO-DATE
|
||||||||||||||||||||||||
Performance Materials
|
Twelve Months Ended December 31,
|
|||||||||||||||||||||||
2012
|
2011
|
2012 vs. 2011
|
||||||||||||||||||||||
(Dollars in Millions)
|
||||||||||||||||||||||||
Net sales
|
$ | 491.9 | 100.0 | % | $ | 476.7 | 100.0 | % | $ | 15.2 | 3.2 | % | ||||||||||||
Cost of sales
|
365.0 | 74.2 | % | 360.2 | 75.6 | % | 4.8 | 1.3 | % | |||||||||||||||
Gross profit
|
126.9 | 25.8 | % | 116.5 | 24.4 | % | 10.4 | 8.9 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
50.2 | 10.2 | % | 49.3 | 10.3 | % | 0.9 | 1.8 | % | |||||||||||||||
Operating profit
|
76.7 | 15.6 | % | 67.2 | 14.1 | % | 9.5 | 14.1 | % |
Twelve Months Ended December 31,
|
||||||||||||||||||||||||
Construction Technologies
|
2012
|
2011
|
2012 vs. 2011
|
|||||||||||||||||||||
(Dollars in Millions)
|
||||||||||||||||||||||||
Net sales
|
$ | 222.8 | 100.0 | % | $ | 251.9 | 100.0 | % | $ | (29.1 | ) | -11.6 | % | |||||||||||
Cost of sales
|
154.2 | 69.2 | % | 178.2 | 70.7 | % | (24.0 | ) | -13.5 | % | ||||||||||||||
Gross profit
|
68.6 | 30.8 | % | 73.7 | 29.3 | % | (5.1 | ) | -6.9 | % | ||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
52.6 | 23.6 | % | 56.8 | 22.5 | % | (4.2 | ) | -7.4 | % | ||||||||||||||
Operating profit
|
16.0 | 7.2 | % | 16.9 | 6.8 | % | (0.9 | ) | -5.3 | % |
Twelve Months Ended December 31,
|
||||||||||||||||||||||||
Energy Services
|
2012
|
2011
|
2012 vs. 2011
|
|||||||||||||||||||||
(Dollars in Millions)
|
||||||||||||||||||||||||
Net sales
|
$ | 257.3 | 100.0 | % | $ | 194.7 | 100.0 | % | $ | 62.6 | 32.2 | % | ||||||||||||
Cost of sales
|
186.0 | 72.3 | % | 138.7 | 71.2 | % | 47.3 | 34.1 | % | |||||||||||||||
Gross profit
|
71.3 | 27.7 | % | 56.0 | 28.8 | % | 15.3 | 27.3 | % | |||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
42.5 | 16.5 | % | 34.8 | 17.9 | % | 7.7 | 22.1 | % | |||||||||||||||
Operating profit
|
28.8 | 11.2 | % | 21.2 | 10.9 | % | 7.6 | 35.8 | % |
Twelve Months Ended December 31,
|
||||||||||||||||||||||||
Transportation
|
2012
|
2011
|
2012 vs. 2011
|
|||||||||||||||||||||
(Dollars in Millions)
|
||||||||||||||||||||||||
Net sales
|
$ | 44.0 | 100.0 | % | $ | 54.1 | 100.0 | % | $ | (10.1 | ) | -18.7 | % | |||||||||||
Cost of sales
|
39.4 | 89.5 | % | 48.0 | 88.7 | % | (8.6 | ) | -17.9 | % | ||||||||||||||
Gross profit
|
4.6 | 10.5 | % | 6.1 | 11.3 | % | (1.5 | ) | -24.6 | % | ||||||||||||||
General, selling and
|
||||||||||||||||||||||||
administrative expenses
|
3.8 | 8.6 | % | 3.9 | 7.2 | % | (0.1 | ) | -2.6 | % | ||||||||||||||
Operating profit
|
0.8 | 1.9 | % | 2.2 | 4.1 | % | (1.4 | ) | -63.6 | % |
Twelve Months Ended December 31,
|
||||||||||||||||
Corporate
|
2012
|
2011
|
2012 vs. 2011
|
|||||||||||||
(Dollars in Millions)
|
||||||||||||||||
Intersegment sales
|
$ | (30.7 | ) | $ | (33.6 | ) | $ | 2.9 | ||||||||
Intersegment cost of sales
|
(30.6 | ) | (33.4 | ) | 2.8 | |||||||||||
Gross profit (loss)
|
(0.1 | ) | (0.2 | ) | 0.1 | |||||||||||
General, selling and
|
||||||||||||||||
administrative expenses
|
23.1 | 21.6 | 1.5 | 6.9 | % | |||||||||||
Operating loss
|
(23.2 | ) | (21.8 | ) | (1.4 | ) | 6.4 | % |
AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||
SUPPLEMENTARY INFORMATION (unaudited)
|
||||||||||||||||
QUARTER-TO-DATE
|
||||||||||||||||
Composition of Sales by Geographic Region
|
Three Months Ended December 31, 2012
|
|||||||||||||||
Americas
|
EMEA
|
Asia Pacific
|
Total
|
|||||||||||||
Performance materials
|
27.1 | % | 8.8 | % | 11.3 | % | 47.2 | % | ||||||||
Construction technologies
|
9.7 | % | 8.2 | % | 2.7 | % | 20.6 | % | ||||||||
Energy services
|
24.0 | % | 1.5 | % | 4.5 | % | 30.0 | % | ||||||||
Transportation
|
2.2 | % | 0.0 | % | 0.0 | % | 2.2 | % | ||||||||
Total - current year's period
|
63.0 | % | 18.5 | % | 18.5 | % | 100.0 | % | ||||||||
Total from prior year's comparable period
|
62.8 | % | 21.6 | % | 15.6 | % | 100.0 | % |
Three Months Ended December 31, 2012
|
||||||||||||||||
vs.
|
||||||||||||||||
Percentage of Revenue Growth by Component
|
Three Months Ended December 31, 2011
|
|||||||||||||||
Base Business
|
Acquisitions
|
Foreign Exchange
|
Total
|
|||||||||||||
Performance materials
|
-2.7 | % | 0.0 | % | 0.3 | % | -2.4 | % | ||||||||
Construction technologies
|
-1.9 | % | 0.0 | % | 0.1 | % | -1.8 | % | ||||||||
Energy services
|
7.8 | % | 0.0 | % | -0.1 | % | 7.7 | % | ||||||||
Transportation
|
-1.2 | % | 0.0 | % | 0.0 | % | -1.2 | % | ||||||||
Total
|
2.0 | % | 0.0 | % | 0.3 | % | 2.3 | % | ||||||||
% of growth
|
86.1 | % | 0.0 | % | 13.9 | % | 100.0 | % |
Three Months Ended December 31,
|
||||||||||||
Performance Materials Product Line Sales
|
2012
|
2011
|
% change
|
|||||||||
(Dollars in Millions)
|
||||||||||||
Metalcasting
|
$ | 63.9 | $ | 64.5 | -0.9 | % | ||||||
Specialty materials
|
24.8 | 30.2 | -17.9 | % | ||||||||
Pet products
|
12.9 | 14.0 | -7.9 | % | ||||||||
Basic minerals
|
11.9 | 10.2 | 16.7 | % | ||||||||
Other product lines
|
1.1 | 1.4 | -21.4 | % | ||||||||
Total
|
114.6 | 120.3 | -4.7 | % |
Three Months Ended December 31,
|
||||||||||||
Construction Technologies Product Line Sales
|
2012
|
2011
|
% change
|
|||||||||
(Dollars in Millions)
|
||||||||||||
Lining technologies
|
$ | 19.8 | $ | 21.1 | -6.2 | % | ||||||
Building materials
|
17.7 | 17.7 | 0.0 | % | ||||||||
Drilling products
|
7.7 | 8.7 | -11.5 | % | ||||||||
Contracting services
|
4.9 | 6.7 | -26.9 | % | ||||||||
Total
|
50.1 | 54.2 | -7.6 | % |
AMCOL INTERNATIONAL CORPORATION
|
||||||||||||||||
SUPPLEMENTARY INFORMATION (unaudited)
|
||||||||||||||||
YEAR-TO-DATE
|
||||||||||||||||
Composition of Sales by Geographic Region
|
Twelve Months Ended December 31, 2012
|
|||||||||||||||
Americas
|
EMEA
|
Asia Pacific
|
Total
|
|||||||||||||
Performance materials
|
30.1 | % | 8.5 | % | 10.7 | % | 49.3 | % | ||||||||
Construction technologies
|
10.9 | % | 9.2 | % | 2.3 | % | 22.4 | % | ||||||||
Energy services
|
20.8 | % | 1.7 | % | 3.6 | % | 26.1 | % | ||||||||
Transportation
|
2.2 | % | 0.0 | % | 0.0 | % | 2.2 | % | ||||||||
Total - current year's period
|
64.0 | % | 19.4 | % | 16.6 | % | 100.0 | % | ||||||||
Total from prior year's comparable period
|
62.5 | % | 23.3 | % | 14.2 | % | 100.0 | % |
Twelve Months Ended December 31, 2012
|
||||||||||||||||
vs.
|
||||||||||||||||
Percentage of Revenue Growth by Component
|
Twelve Months Ended December 31, 2011
|
|||||||||||||||
Base Business
|
Acquisitions
|
Foreign Exchange
|
Total
|
|||||||||||||
Performance materials
|
2.0 | % | 0.0 | % | -0.4 | % | 1.6 | % | ||||||||
Construction technologies
|
-2.0 | % | 0.0 | % | -1.1 | % | -3.1 | % | ||||||||
Energy services
|
6.8 | % | 0.0 | % | -0.2 | % | 6.6 | % | ||||||||
Transportation
|
-0.7 | % | 0.0 | % | 0.0 | % | -0.7 | % | ||||||||
Total
|
6.1 | % | 0.0 | % | -1.7 | % | 4.4 | % | ||||||||
% of growth
|
136.3 | % | 0.0 | % | -36.3 | % | 100.0 | % |
Twelve Months Ended December 31,
|
||||||||||||
Performance Materials Product Line Sales
|
2012
|
2011
|
% change
|
|||||||||
(Dollars in Millions)
|
||||||||||||
Metalcasting
|
$ | 265.5 | $ | 251.6 | 5.5 | % | ||||||
Specialty materials
|
109.5 | 116.8 | -6.3 | % | ||||||||
Pet products
|
52.9 | 56.2 | -5.9 | % | ||||||||
Basic minerals
|
55.0 | 43.6 | 26.1 | % | ||||||||
Other product lines
|
9.0 | 8.5 | 5.9 | % | ||||||||
Total
|
491.9 | 476.7 | 3.2 | % |
Twelve Months Ended December 31,
|
||||||||||||
Construction Technologies Product Line Sales
|
2012
|
2011
|
% change
|
|||||||||
(Dollars in Millions)
|
||||||||||||
Lining technologies
|
$ | 91.7 | $ | 105.6 | -13.2 | % | ||||||
Building materials
|
75.9 | 78.3 | -3.1 | % | ||||||||
Drilling products
|
36.6 | 32.0 | 14.4 | % | ||||||||
Contracting services
|
18.6 | 36.0 | -48.3 | % | ||||||||
Total
|
222.8 | 251.9 | -11.6 | % |
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