Amcol International Corp (ACO) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2009

SEC Filings

Amcol International Corp

CIK: 813621 Ticker: ACO

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Don Pearson
Vice President & CFO

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.


The following information was filed by Amcol International Corp (ACO) on Friday, January 22, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Amcol International Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2010 10-K Annual Report includes:

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SEC Filing Tools
Ticker: ACO
CIK: 813621
Form Type: 10-K Annual Report
Accession Number: 0001144204-10-013670
Submitted to the SEC: Tue Mar 16 2010 9:01:15 AM EST
Accepted by the SEC: Tue Mar 16 2010
Period: Thursday, December 31, 2009
Industry: Mining And Quarrying Of Nonmetallic Minerals No Fuels

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