Quarterly Results

12 Months Ended

Dec. 31, 2011

(18)

Quarterly Results (Unaudited)

Unaudited summarized results for each quarter of the last two years are as follows:


	2011 Quarters
	First		Second		Third		Fourth
Minerals and materials	$	116,880	$	119,851	$	123,792	$	121,375
Environmental		50,706		73,263		69,543		52,873
Oilfield services		44,744		44,837		50,175		53,876
Transportation		12,674		14,780		14,877		11,782
Intersegment sales		(7,216)		(9,855)		(10,343)		(6,245)

Net sales		217,788		242,876		248,044		233,661

Minerals and materials	$	28,461	$	26,989	$	32,475	$	30,933
Environmental		15,648		21,899		21,563		14,243
Oilfield services		12,664		11,465		15,377		15,348
Transportation		1,403		1,640		1,775		1,323
Intersegment gross profit		(464)		122		(200)		211

Gross profit		57,712		62,115		70,990		62,058

Minerals and materials	$	16,171	$	14,699	$	20,110	$	18,102
Environmental		2,296		7,916		7,637		592
Oilfield services		4,872		3,423		5,787		5,799
Transportation		465		685		770		321
Corporate		(5,221)		(4,896)		(7,251)		(4,624)

Operating profit		18,583		21,827		27,053		20,190

Income (loss) from continuing operations	$	12,324	$	13,565	$	20,490	$	13,783

Income (loss) on discontinued operations	$	(87)	$	192	$	(1,021)	$	-

Net income (loss)	$	12,237	$	13,757	$	19,469	$	13,783

Net income (loss) attributable to noncontrolling interests	$	1	$	3	$	44	$	87

Net income (loss) attributable to AMCOL shareholders	$	12,235	$	13,755	$	19,425	$	13,696

Basic earnings per share attributable to AMCOL shareholders (A)	$	0.39	$	0.43	$	0.61	$	0.43

Diluted earnings per share attributable to AMCOL shareholders (A)	$	0.38	$	0.43	$	0.60	$	0.43

(A) Earnings per share (EPS) for each quarter is computed using the weighted-average number of shares outstanding during the quarter, while EPS for the year is computed using the weighted-average number of shares outstanding during the year. Thus, the sum of the EPS for each of the four quarters may not equal the EPS for the year.

Our minerals and materials segment recorded following in the third quarter ended September 30, 2011

Reduction to cost of sales of $1,464 resulting from the recovery of certain mining costs in our chromite operations.

Income from affiliates and joint ventures of $2,104 resulting from the sale of our Belgian joint venture.


	2010 Quarters
	First		Second		Third		Fourth
Minerals and materials	$	97,688	$	106,397	$	110,332	$	114,853
Environmental		37,227		63,271		67,744		52,356
Oilfield services		30,204		39,644		41,204		43,569
Transportation		12,120		13,583		14,284		12,238
Intersegment sales		(3,236)		(4,070)		(4,742)		(3,629)

Net sales		174,003		218,825		228,822		219,387

Minerals and materials	$	24,210	$	27,340	$	23,949	$	23,474
Environmental		11,061		19,946		20,742		16,399
Oilfield services		8,014		11,770		11,955		12,201
Transportation		1,327		1,543		1,630		1,365

Gross profit		44,612		60,599		58,276		53,439

Minerals and materials	$	14,306	$	16,326	$	12,341	$	11,607
Environmental		191		8,148		8,701		2,774
Oilfield services		1,228		4,553		4,079		4,758
Transportation		511		699		754		466
Corporate		(5,068)		(5,848)		(3,203)		(7,282)

Operating profit		11,168		23,878		22,672		12,323

Income from continuing operations	$	6,342	$	16,380	$	17,439	$	(9,350)

Income (loss) on discontinued operations	$	(518)	$	(139)	$	(132)	$	(98)

Net income	$	5,825	$	16,240	$	17,307	$	(9,448)

Net income (loss) attributable to noncontrolling interests	$	(304)	$	92	$	(110)	$	(101)

Net income (loss) attributable to AMCOL shareholders	$	6,128	$	16, 149	$	17,417	$	(9,347)

Basic earnings per share attributable to AMCOL shareholders (A)	$	0.20	$	0.52	$	0.56	$	(0.30)

Diluted earnings per share attributable to AMCOL shareholders (A)	$	0.20	$	0.51	$	0.55	$	(0.30)

Our minerals and materials segment recorded expenses of $2,982 and $2,779 in the third quarter ending September 30, 2010 and fourth quarter ending December 31, 2010, respectively, resulting from operational issues in our domestic personal care products business within our minerals and materials segment.

We also recorded the following charges during our fourth quarter ended December 31, 2010:

Non-cash losses from impairments associated with two of our joint ventures of $11,705, as disclosed more fully in Note 6;

Expenses of $2,665 associated with the retirement of our retired CEO; and

Tax expenses of $1,300 associated with the recognition of valuation allowances in foreign jurisdictions.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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