8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 22, 2010

AMCOL INTERNATIONAL CORPORATION

(Exact name of registrant as specified in its charter)

Delaware State of Other Jurisdiction of Incorporation 0-15661 Commission File Number 36-0724340 I.R.S. Employer Identification Number

2870 Forbs Avenue

Hoffman Estates, IL  60192

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (847) 851-1500

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

o   Written communications pursuant to Rule 45 under the Securities Act (17 CFR 230.425)

o   Soliciting materials pursuant to Rule 14a – 12 under the Exchange Act (17 CFR 240.14a-12)

o   Pre-commencement communications pursuant to Rule 14d – 2 (b) under the Exchange Act (17 CFR 240. 14d-2 (b))

o   Pre-commencement communications pursuant to Rule 13e - 4 (c) under the Exchange Act (17 CFR 240.13e-4 (c))

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

The information in this item is being furnished to, but not filed with, the Securities and Exchange Commission solely under Item 12 of Form 8-K, “Results of Operations and Financial Condition,” pursuant to interim procedures promulgated by the Securities and Exchange Commission in Release 33-8216 issued March 27, 2003.

On January 22, 2010, the registrant issued a press release to report results for its fourth quarter ended December 31, 2009.

That press release dated, January 22, 2010 and titled “AMCOL INTERNATIONAL (NYSE:ACO) REPORTS FOURTH QUARTER AND 2009 YEAR END RESULTS” is attached hereto as Exhibit 99.1.

ITEM 9.01 Financial Statements and Exhibits

(d)           The following exhibit is furnished with this document:

Number	Exhibit
99.1	Press Release titled “AMCOL INTERNATIONAL (NYSE:ACO) REPORTS FOURTH QUARTER AND 2009 YEAR END RESULTS”

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AMCOL INTERNATIONAL CORPORATION
Date: January 22, 2010	By:	/s/ Lawrence E. Washow
		Lawrence E. Washow
		President and Chief Executive Officer

EX-99.1

For further information, contact:	Don Pearson
	Vice President & CFO
	847.851.1500

AMCOL International Corporation (NYSE:ACO)

Reports Fourth Quarter and 2009 Year End Results

HOFFMAN ESTATES, IL., January 22, 2010 — AMCOL International Corporation (NYSE:ACO) today reported 2009 fourth quarter net income attributable to AMCOL shareholders of $0.36 per diluted share as compared to break even results per diluted share in the prior year’s period.  The 2009 results include benefits of $0.05 per diluted share for resolution of certain income tax matters and gains on the sale of a portion of our investment in Ashapura Minechem Limited (AML).  The 2008 results include expenses of $0.28 per diluted share for losses on derivative instruments held by AML as well as losses on our derivative instrument used to hedge the purchase price of our South African chrome mine.

Net sales decreased 13.9% to $176.7 million for the quarter ended December 31, 2009 from $205.2 million in the 2008 period.  Operating profit decreased by 34.4% over the 2008 fourth quarter to $10.3 million.  Foreign currency fluctuations did not have a material impact on our results for the quarter.

Our affiliates and joint ventures generated quarterly income amounting to $0.03 per diluted share as compared to losses of $0.25 per diluted share in the prior year period.

For the twelve-month period ended December 31, 2009, net income attributable to AMCOL shareholders was $1.12 per diluted share versus $0.82 per diluted share in the prior year.  Similar to the 2008 quarterly results discussed above, the 2008 annual results include expenses of $0.89 per diluted share for the same losses from AML and South African chrome mine derivatives.

Net sales for the twelve-month period ended December 31, 2009 decreased 20.4% to $703.2 million, compared with $883.6 million for the 2008 period.  Foreign currency fluctuations had a $42.5 million unfavorable impact offset by $9.6 million in new revenue from acquisitions.  Operating profit declined by 32.5% over the 2008 period to $53.5 million.  Foreign currency fluctuations and acquisitions had unfavorable impacts of $5.1 million and $1.4 million, respectively, on current year operating profit.

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AMCOL Q4 2009 EARNINGS

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This release should be read in conjunction with the attached unaudited condensed consolidated financial statements.  Further discussion of items and events impacting earnings are included later in this press release.

“The fourth quarter is usually very challenging and 2009 was no exception. While we are pleased with the results overall and see continuing progress in most segments, Oilfield Services had a very difficult quarter,” said Larry Washow, AMCOL President and Chief Executive Officer.  “We continued to improve our balance sheet through better working capital utilization and debt reduction.”

Washow continued, “The Minerals segment finished the year with some positive momentum. Even though revenue is down 14% from the prior year period, gross margins are about the same. The U.S. foundry market continued to slowly recover and overall business levels in Asia and Europe have improved.”

“The Environmental segment revenue was down more than 10% from the same quarter last year but better gross margins helped bring the operating profit almost to the 2008 levels. Europe was the key positive factor in the quarter. We still do not foresee a significant rebound in commercial construction,” Washow added.

“Demand for our Oilfield Services has not yet recovered. The late season hurricane took out nearly a week of activity as the Gulf of Mexico was evacuated. Most customers approached year end very cautiously as there is still a great deal of uncertainty about future oil and natural gas pricing. Long term, we are comfortable that demand will rebound for the range of services we have to offer,” Washow continued.

“We are encouraged about the improvement in our balance sheet this year and look to continue to manage it well as the business levels start to recover. Including our South African chrome project, we have some exciting new business coming on line later this year. If the global economic environment improves, we are well positioned in all of our segments to return to growth in 2010,” Washow concluded.

STATEMENT OF OPERATIONS HIGHLIGHTS:

The statement of operations highlights are supported by the segment results schedules included in this press release.

Net sales:The following details the components of sales by segment for the 2009 fourth quarter as compared to the prior year’s fourth quarter.

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AMCOL Q4 2009 EARNINGS

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Minerals:  The majority of the decrease in the quarter’s revenue was due to lower volumes in the U.S. metalcasting and basic minerals product lines, partially offset by volume recoveries in Europe and Asia.  Pass-through freight revenue accounted for approximately 40.3% of the decrease, principally from the pet products division.  Foreign currency did not have a material impact on revenues in the quarter.

Environmental:  Base business revenues decreased due to lower demand in the U.S. for our lining technology and building materials products, and services provided by our contracting services group. This decrease was partially offset by improvements in Europe and the Middle East.

Oilfield Services:   Lower demand for oil and natural gas has reduced production activities, driving the decrease in revenue in the current quarter compared to the prior year quarter.  Overall base business revenues declined in all geographies except Australia.

Transportation:  Reductions in fuel-surcharge revenue represented 35% of the revenue decrease; the remaining decrease was due to reduced demand for consumer product shipments.

Gross profit:  Gross profit decreased $8.4 million, or 16.0%, from the 2008 fourth   quarter while gross margin declined 60 basis points.

Minerals: Gross profit decreased $3.6 million, or 14.9%, from the 2008 quarter while gross margin reduced 30 basis points to 22.7%, principally due to lower volumes.

Environmental: Gross profit decreased $1.1 million, or 6.5%, from the 2008 quarter while gross margins increased 130 basis points to 31.3%.  The improvement in gross margin is due to lower input costs, principally resin, and lower freight costs due to the reduction in energy costs.  These benefits were partially offset by decreased volumes.

Oilfield Services:  Gross profit and gross margin decreased $3.3 million, or 35.2%, and 530 basis points from the 2008 quarter due to the reduction in revenues, particularly on higher margin products.

General, selling and administrative expenses (GS&A):GS&A expenses decreased $2.9 million, or 8.0% from the prior year quarter.  All segments had reductions in GS&A expenses except Oilfield Services, principally due to lower personnel related, bad debt and consulting expenses.  Oilfield Services expense was higher, principally due to increased R&D spending and IT expenses.

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AMCOL Q4 2009 EARNINGS

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Other, net:  Other, net includes foreign currency exchange income and losses, and other gains and losses.   The $5.1 million improvement, is primarily due to foreign currency exchange losses of $3.8 million in the prior year quarter compared to a $0.6 million gain in the current quarter.  The current period also includes a $0.7 million gain on the sale of a portion of our investment in AML, one of our Indian investments.

Income taxes:  Our 2009 fourth quarter results include an income tax benefit of $0.9 million versus an expense of $1.2 million in the prior year period.  The benefit arises from certain adjustments related to the completion of an IRS audit.  Excluding the benefit, the comparable effective annual tax rates are 16.2% for 2009 and 24.5% for 2008, reflecting an improvement arising from a greater proportion of our income being generated in lower tax rate jurisdictions, principally foreign countries, as well as an increase in certain tax benefits in our domestic operations.  

Income and losses from affiliates and joint ventures:  Excluding the $8.1 million loss from our investment in AML in the 2008 quarter, income from affiliates and joint ventures improved $0.6 million to $1.0 million as these investments, similar to our wholly owned foreign subsidiaries in the mineral business, have seen a slight improvement in general economic conditions.

Share count:  The difference in our weighted average common and common equivalent shares outstanding for the quarters ended December 31, 2009 and 2008 did not impact EPS.

FINANCIAL POSITION AND CASH FLOW HIGHLIGHTS:

Long-term debt decreased $49.8 million to $207 million at December 31, 2009, compared to $256.8 million at December 31, 2008.  The reduction was primarily due to our decreasing working capital levels and minimizing capital expenditures.  Total long-term debt represented 35% of capitalization at December 31, 2009, compared with 44% at December 31, 2008.  Cash and cash equivalents increased $8.2 million to $27.7 million at December 31, 2009, compared to December 31, 2008.  As a result of our sale of a portion of our investment in Ashapura, we are now accounting for this investment as an available for sale security with changes in fair value being reflected in other comprehensive income; as a result, we recorded this investment at its fair value at December 31, 2009 of $25.6 million.

Net non-cash working capital decreased $66.9 million from December 31, 2008 to $176.3 million at December 31, 2009.  The reduction in working capital was due to a combination of lower sales volumes and continued efforts to reduce working capital.

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AMCOL Q4 2009 EARNINGS

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Cash flow generated from operating activities was $122.4 million for year-to-date December 31, 2009 compared with $18.4 million in the prior year period.  This increase was principally due to the decrease in working capital.

Adjusting for our corporate building (which was a sale-leaseback transaction) and $15.1 million of expenditures for our investment in a chrome mine in South Africa, capital expenditures in the 2009 period were $35.6 million compared with $44.1 million in the prior year period.  The reduction in adjusted capital expenditures is due to our limiting capital expenditures to maintenance activities and minimal expansion projects in 2009.

Dividends declared year-to-date through December 31, 2009 increased by 6.9% over the prior year period to $22.1 million.  Our dividend rate has remained constant at $0.18 per quarter per share since the fourth quarter of 2008.

This release contains certain forward-looking statements regarding AMCOL’s expected performance for future periods and actual results for such periods might materially differ.  Such forward-looking statements are subject to uncertainties, which include, but are not limited to, actual growth in AMCOL’s various markets, utilization of AMCOL’s plants, currency exchange rates, currency devaluation, delays in development, production and marketing of new products, integration of acquired businesses, and other factors detailed from time to time in AMCOL’s annual report and other reports filed with the Securities and Exchange Commission.  AMCOL undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in AMCOL’s expectations.

AMCOL International, headquartered in Hoffman Estates, IL, produces and markets a wide range of specialty mineral products used for industrial, environmental and consumer-related applications.  AMCOL is the parent of American Colloid Company, CETCO (Colloid Environmental Technologies Company), CETCO Oilfield Services Company and the transportation operations, Ameri-co Carriers, Inc. and Ameri-co Logistics, Inc.  AMCOL’s common stock is traded on the New York Stock Exchange under the symbol ACO.  AMCOL’s web address is www.amcol.com.  AMCOL’s fourth quarter conference call will be available live today at 11 a.m. EST on the AMCOL website or by dialing 1.800.967.7149.

Financial tables follow.

AMCOL Q4 2009 EARNINGS

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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,
	2009			2008			2009			2008
Net sales	$	703,237		$	883,552		$	176,698		$	205,248
Cost of sales		515,049			658,653			132,729			152,926
Gross profit		188,188			224,899			43,969			52,322
General, selling and administrative expenses		134,702			145,653			33,655			36,592
Operating profit		53,486			79,246			10,314			15,730
Other income (expense):
Interest expense, net		(12,125	)		(12,154	)		(2,726	)		(3,512	)
Other, net		(1,095	)		(5,149	)		1,500			(3,616	)
		(13,220	)		(17,303	)		(1,226	)		(7,128	)
Income before income taxes and income (loss) from affiliates and joint ventures		40,266			61,943			9,088			8,602
Income tax expense (benefit)		5,510			15,167			(878	)		1,217
Income before income (loss) from affiliates and joint ventures		34,756			46,776			9,966			7,385
Income (loss) from affiliates and joint ventures		115			(21,714	)		1,036			(7,642	)
Net income (loss)		34,871			25,062			11,002			(257	)
Net income (loss) attributable to the noncontrolling interest		72			(269	)		(224	)		(211	)
Net income (loss) attributable to AMCOL shareholders	$	34,799		$	25,331		$	11,226		$	(46	)
Weighted average common shares outstanding		30,764			30,446			30,851			30,568
Weighted average common and common equivalent shares outstanding		31,034			30,990			31,266			30,963
Basic earnings per share attributable to AMCOL shareholders	$	1.13		$	0.83		$	0.36		$	(0.00	)
Diluted earnings per share attributable to AMCOL shareholders	$	1.12		$	0.82		$	0.36		$	(0.00	)
Dividends declared per share	$	0.72		$	0.68		$	0.18		$	0.18

AMCOL Q4 2009 EARNINGS

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AMCOL INTERNATIONAL CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

ASSETS	December 31, 2009 (unaudited)		December 31, 2008 *
Current assets:
Cash and equivalents	$	27,669	$	19,441
Accounts receivable, net		148,260		197,611
Inventories		96,173		125,066
Prepaid expenses		12,509		12,812
Deferred income taxes		6,783		5,358
Income tax receivable		2,431		3,490
Other		463		7,409
Total current assets		294,288		371,187
Investments in and advances to affiliates and joint ventures		32,228		30,025
Property, plant, equipment, mineral rights and reserves:
Land and mineral rights		57,898		17,186
Depreciable assets		414,617		380,555
		472,515		397,741
Less: accumulated depreciation and depletion		236,269		206,398
		236,246		191,343
Other assets:
Goodwill		71,156		68,482
Intangible assets, net		47,185		53,974
Available for sale securities		25,563		-
Deferred income taxes		7,396		15,867
Other assets		25,339		13,702
		176,639		152,025
	$	739,401	$	744,580
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	40,335	$	45,297
Accrued liabilities		49,981		63,197
Total current liabilities		90,316		108,494
Long-term debt		207,017		256,821
Total long-term debt		207,017		256,821
Pension liabilities		20,403		22,939
Deferred compensation		7,544		5,904
Other liabilities		29,208		22,067
		57,155		50,910
Equity:
Common stock		320		320
Additional paid in capital		84,830		86,350
Retained earnings		275,200		262,453
Accumulated other comprehensive income (loss)		37,315		(4,721	)
		397,665		344,402
Less:
Treasury stock		14,377		18,196
Total AMCOL shareholder's equity		383,288		326,206
Noncontrolling interest		1,625		2,149
Total equity		384,913		328,355
	$	739,401	$	744,580

* Condensed from audited financial statements.

AMCOL Q4 2009 EARNINGS

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AMCOL INTERNATIONAL CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

(In thousands)

	Twelve Months Ended
	December 31,
	2009			2008
Cash flow from operating activities:
Net income	$	34,871		$	25,062
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation, depletion, and amortization		35,906			33,985
Undistributed earnings from affiliates and joint ventures		691			22,795
Deferred income taxes		3,690			(2,793	)
Other		3,312			4,487
Changes in assets and liabilities, net of effects of acquisitions:
Decrease (increase) in current assets		65,715			(64,455	)
Decrease (increase) in noncurrent assets		(7,590	)		3,600
Increase (decrease) in current liabilities		(12,519	)		(2,799	)
Increase (decrease) in noncurrent liabilities		(1,709	)		(1,495	)
Net cash provided by (used in) operating activities		122,367			18,387
Cash flow from investing activities:
Capital expenditures		(50,767	)		(44,068	)
Capital expenditures - corporate building		(9,651	)		(16,672	)
Proceeds from sale - corporate building		9,651			22,487
Proceeds from sale of land and depreciable assets		2,988			672
Acquisitions, net of cash		(650	)		(42,769	)
Investments in and advances to affiliates and joint ventures		(1,387	)		(14,067	)
Advances to non - affiliates		6,000			(6,000	)
Other		(216	)		(201	)
Net cash used in investing activities		(44,032	)		(100,618	)
Cash flow from financing activities:
Net change in outstanding debt		(52,347	)		98,532
Proceeds from sales of treasury stock		2,666			1,608
Purchases of treasury stock		(166	)		(2,062	)
Dividends		(22,052	)		(20,619	)
Excess tax benefits from stock-based compensation		639			1,188
Net cash provided by (used in) financing activities		(71,260	)		78,647
Effect of foreign currency rate changes on cash		1,153			(2,257	)
Net increase (decrease) in cash and cash equivalents		8,228			(5,841	)
Cash and cash equivalents at beginning of period		19,441			25,282
Cash and cash equivalents at end of period	$	27,669		$	19,441

AMCOL Q4 2009 EARNINGS

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AMCOL INTERNATIONAL CORPORATION

SEGMENT RESULTS (unaudited)

QUARTER-TO-DATE

	Three Months Ended December 31,
Minerals	2009				2008				2009 vs 2008
	(Dollars in Thousands)
Net sales	$	91,515	100.0	%	$	105,758	100.0	%	$	(14,243	)	-13.5	%
Cost of sales		70,771	77.3	%		81,396	77.0	%		(10,625	)	-13.1	%
Gross profit		20,744	22.7	%		24,362	23.0	%		(3,618	)	-14.9	%
General, selling and administrative expenses		9,818	10.7	%		11,200	10.6	%		(1,382	)	-12.3	%
Operating profit		10,926	12.0	%		13,162	12.4	%		(2,236	)	-17.0	%
	Three Months Ended December 31,
Environmental	2009				2008				2009 vs 2008
	(Dollars in Thousands)
Net sales	$	50,508	100.0	%	$	56,315	100.0	%	$	(5,807	)	-10.3	%
Cost of sales		34,711	68.7	%		39,415	70.0	%		(4,704	)	-11.9	%
Gross profit		15,797	31.3	%		16,900	30.0	%		(1,103	)	-6.5	%
General, selling and administrative expense		11,701	23.2	%		12,776	22.7	%		(1,075	)	-8.4	%
Operating profit		4,096	8.1	%		4,124	7.3	%		(28	)	-0.7	%
	Three Months Ended December 31,
Oilfield Services	2009				2008				2009 vs 2008
	(Dollars in Thousands)
Net sales	$	26,681	100.0	%	$	33,423	100.0	%	$	(6,742	)	-20.2	%
Cost of sales		20,547	77.0	%		23,964	71.7	%		(3,417	)	-14.3	%
Gross profit		6,134	23.0	%		9,459	28.3	%		(3,325	)	-35.2	%
General, selling and administrative expenses		5,844	21.9	%		5,123	15.3	%		721		14.1	%
Operating profit		290	1.1	%		4,336	13.0	%		(4,046	)	-93.3	%

	Three Months Ended December 31,
Transportation	2009						2008					2009 vs 2008
	(Dollars in Thousands)
Net sales	$	11,306			100.0	%	$	14,705		100.0	%	$	(3,399	)	-23.1	%
Cost of sales		10,012			88.6	%		13,104		89.1	%		(3,092	)	-23.6	%
Gross profit		1,294			11.4	%		1,601		10.9	%		(307	)	-19.2	%
General, selling and administrative expenses		814			7.2	%		926		6.3	%		(112	)	-12.1	%
Operating profit		480			4.2	%		675		4.6	%		(195	)	-28.9	%
	Three Months Ended December 31,
Corporate	2009			2008			2009 vs 2008
	(Dollars in Thousands)
Intersegment shipping sales	$	(3,312	)	$	(4,953	)	$	1,641
Intersegment shipping costs		(3,312	)		(4,953	)		1,641
Gross profit		-			-
General, selling and administrative expenses		5,478			6,567			(1,089	)	-19.9	%
Operating loss		(5,478	)		(6,567	)		1,089		-19.9	%

AMCOL Q4 2009 EARNINGS

Page 10 of 12

AMCOL INTERNATIONAL CORPORATION

SEGMENT RESULTS (unaudited)

YEAR-TO-DATE

	Twelve Months Ended December 31,
Minerals	2009						2008					2009 vs 2008
	(Dollars in Thousands)
Net sales	$	336,172			100.0	%	$	428,986		100.0	%	$	(92,814	)	-21.6	%
Cost of sales		264,545			78.7	%		348,928		81.3	%		(84,383	)	-24.2	%
Gross profit		71,627			21.3	%		80,058		18.7	%		(8,431	)	-10.5	%
General, selling and administrative expenses		36,838			11.0	%		39,579		9.2	%		(2,741	)	-6.9	%
Operating profit		34,789			10.3	%		40,479		9.5	%		(5,690	)	-14.1	%
	Twelve Months Ended December 31,
Environmental	2009						2008					2009 vs 2008
	(Dollars in Thousands)
Net sales	$	214,604			100.0	%	$	278,708		100.0	%	$	(64,104	)	-23.0	%
Cost of sales		142,291			66.3	%		187,109		67.1	%		(44,818	)	-24.0	%
Gross profit		72,313			33.7	%		91,599		32.9	%		(19,286	)	-21.1	%
General, selling and administrative expenses		46,614			21.7	%		54,530		19.6	%		(7,916	)	-14.5	%
Operating profit		25,699			12.0	%		37,069		13.3	%		(11,370	)	-30.7	%
	Twelve Months Ended December 31,
Oilfield Services	2009						2008					2009 vs 2008
	(Dollars in Thousands)
Net sales	$	119,821			100.0	%	$	133,600		100.0	%	$	(13,779	)	-10.3	%
Cost of sales		81,101			67.7	%		87,094		65.2	%		(5,993	)	-6.9	%
Gross profit		38,720			32.3	%		46,506		34.8	%		(7,786	)	-16.7	%
General, selling and administrative expenses		25,967			21.7	%		23,279		17.4	%		2,688		11.5	%
Operating profit		12,753			10.6	%		23,227		17.4	%		(10,474	)	-45.1	%
	Twelve Months Ended December 31,
Transportation	2009						2008					2009 vs 2008
	(Dollars in Thousands)
Net sales	$	46,642			100.0	%	$	63,921		100.0	%	$	(17,279	)	-27.0	%
Cost of sales		41,114			88.1	%		57,185		89.5	%		(16,071	)	-28.1	%
Gross profit		5,528			11.9	%		6,736		10.5	%		(1,208	)	-17.9	%
General, selling and administrative expenses		3,365			7.2	%		3,490		5.5	%		(125	)	-3.6	%
Operating profit		2,163			4.7	%		3,246		5.0	%		(1,083	)	-33.4	%
	Twelve Months Ended December 31,
Corporate	2009			2008			2009 vs 2008
	(Dollars in Thousands)
Intersegment shipping sales	$	(14,002	)	$	(21,663	)	$	7,661
Intersegment shipping costs		(14,002	)		(21,663	)		7,661
Gross profit		-			-
General, selling and administrative expenses		21,918			24,775			(2,857	)	-11.5	%
Operating loss		(21,918	)		(24,775	)		2,857		-11.5	%

AMCOL Q4 2009 EARNINGS

Page 11 of 12

AMCOL INTERNATIONAL CORPORATION

SUPPLEMENTARY INFORMATION (unaudited)

QUARTER-TO-DATE

	Three Months Ended December 31, 2009
Composition of Sales by Geographic Region		Americas			EMEA			Asia Pacific			Total
Minerals			31.5	%		10.0	%		10.3	%		51.8	%
Environmental			11.5	%		14.4	%		2.7	%		28.6	%
Oilfield services			12.4	%		0.7	%		2.0	%		15.1	%
Transportation			4.5	%		0.0	%		0.0	%		4.5	%
Total - current year's period			59.9	%		25.1	%		15.0	%		100.0	%
Total from prior year's comparable period			71.1	%		20.0	%		8.9	%		100.0	%
	Three Months Ended December 31, 2009
	vs.
Percentage of Revenue Growth by Component	Three Months Ended December 31, 2008
		Base Business			Acquisitions			Foreign Exchange			Total
Minerals			-7.1	%		0.0	%		0.2	%		-6.9	%
Environmental			-3.3	%		0.3	%		0.2	%		-2.8	%
Oilfield services			-3.6	%		0.0	%		0.3	%		-3.3	%
Transportation			-0.9	%		0.0	%		0.0	%		-0.9	%
Total			-14.9	%		0.3	%		0.7	%		-13.9	%
% of growth			106.5	%		-2.2	%		-4.3	%		100.0	%
	Three Months Ended December 31,
Minerals Product Line Sales		2009			2008			% change
	(Dollars in Thousands)
Metalcasting		$	39,257		$	40,954			-4.1	%
Specialty materials			26,659			27,003			-1.3	%
Pet products			16,712			19,999			-16.4	%
Basic minerals			7,613			18,108			-58.0	%
Other product lines			1,274			(306	)		*
Total			91,515			105,758
* Not meaningful.
	Three Months Ended December 31,
Environmental Product Line Sales		2009			2008			% change
	(Dollars in Thousands)
Lining technologies		$	32,112		$	36,628			-12.3	%
Building materials			13,020			13,290			-2.0	%
Other product lines			5,376			6,397			*
Total			50,508			56,315
* Not meaningful.

AMCOL Q4 2009 EARNINGS

Page 12 of 12

AMCOL INTERNATIONAL CORPORATION

SUPPLEMENTARY INFORMATION (unaudited)

YEAR-TO-DATE

	Twelve Months Ended December 31, 2009
Composition of Sales by Geographic Region		Americas			EMEA			Asia Pacific			Total
Minerals			30.1	%		9.6	%		8.2	%		47.9	%
Environmental			14.5	%		13.7	%		2.3	%		30.5	%
Oilfield services			15.2	%		0.6	%		1.2	%		17.0	%
Transportation			4.6	%		0.0	%		0.0	%		4.6	%
Total - current year's period			64.4	%		23.9	%		11.7	%		100.0	%
Total from prior year's comparable period			68.2	%		22.4	%		9.4	%		100.0	%
	Twelve Months Ended December 31, 2009
	vs.
Percentage of Revenue Growth by Component	Twelve Months Ended December 31, 2008
		Base Business			Acquisitions			Foreign Exchange			Total
Minerals			-8.7	%		0.0	%		-1.8	%		-10.5	%
Environmental			-4.6	%		0.2	%		-2.9	%		-7.3	%
Oilfield services			-2.3	%		0.9	%		-0.1	%		-1.5	%
Transportation			-1.1	%		0.0	%		0.0	%		-1.1	%
Total			-16.7	%		1.1	%		-4.8	%		-20.4	%
% of growth			81.8	%		-5.3	%		23.5	%		100.0	%
	Twelve Months Ended December 31,
Minerals Product Line Sales		2009			2008			% change
	(Dollars in Thousands)
Metalcasting		$	139,849		$	175,072			-20.1	%
Specialty materials			97,989			104,242			-6.0	%
Pet products			66,441			78,260			-15.1	%
Basic minerals			27,901			65,383			-57.3	%
Other product lines			3,992			6,029			*
Total			336,172			428,986
* Not meaningful.
	Twelve Months Ended December 31,
Environmental Product Line Sales		2009			2008			% change
	(Dollars in Thousands)
Lining technologies		$	138,262		$	174,895			-20.9	%
Building materials			54,724			78,380			-30.2	%
Other product lines			21,618			25,433			*
Total			214,604			278,708
* Not meaningful.