SOURCE: AMCOL International Corporation

AMCOL International Corporation

January 22, 2010 06:45 ET

AMCOL International Corporation (NYSE: ACO) Reports Fourth Quarter and 2009 Year End Results

HOFFMAN ESTATES, IL--(Marketwire - 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.

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.

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.

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.

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 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 ncome (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 INTERNATIONAL CORPORATION
                  CONDENSED CONSOLIDATED BALANCE SHEETS
                              (In thousands)


                                                  December 31, December 31,
                                                       2009        2008
                                                   (unaudited)       *
                                                  ------------ -----------
 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 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 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
  expenses                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 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 INTERNATIONAL CORPORATION
                  SUPPLEMENTARY INFORMATION (unaudited)
                              QUARTER-TO-DATE


                                   Three Months Ended December 31, 2009
                                ------------------------------------------
  Composition of Sales by                               Asia
   Geographic Region            Americas     EMEA      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.
                                   Three Months Ended December 31, 2008
                                ------------------------------------------
  Percentage of Revenue Growth    Base                 Foreign
   by Component                 Business  Acquisitions 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      2009       2008     % change
   Sales                        ---------  ---------  ---------
                                    (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 INTERNATIONAL CORPORATION
                  SUPPLEMENTARY INFORMATION (unaudited)
                               YEAR-TO-DATE


                                  Twelve Months Ended December 31, 2009
                                ------------------------------------------
  Composition of Sales by                               Asia
   Geographic Region            Americas     EMEA      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.
                                  Twelve Months Ended December 31, 2008
                                ------------------------------------------
  Percentage of Revenue Growth    Base                 Foreign
   by Component                 Business  Acquisitions 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      2009       2008     % change
   Sales                        ---------  ---------  ---------
                                    (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.

Contact Information

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