Print
Email
AMCOL International Corp. (ACO) filed Quarterly Report for the period ended 2011-09-30.
Amcol International Corp. has a market cap of $1 billion; its shares were traded at around $31.64 with a P/E ratio of 19.8 and P/S ratio of 1.1. The dividend yield of Amcol International Corp. stocks is 2.2%. Amcol International Corp. had an annual average earning growth of 15.8% over the past 10 years. GuruFocus rated Amcol International Corp. the business predictability rank of 3-star.
This is the annual revenues and earnings per share of ACO over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ACO.
Highlight of Business Operations:
We measure sales fluctuations by the relevant components: organic, acquisitions, and foreign currency translation. Fluctuation due to foreign currency translation is measured as the change in revenues resulting from differences in currency exchange rates between periods. Fluctuation due to acquisitions is measured as the changes in revenues resulting from acquired businesses within the first year (twelve consecutive months) we own them. Any remaining fluctuation is due to organic components. The following table details the consolidated sales fluctuations by components over the prior year’s comparable period:Approximately 73.7% of our net sales growth was derived organically with the remainder being driven by favorable foreign currency translation. Net sales increased in each of our segments with the majority of the increase occurring in our minerals and materials and oilfield services segments, largely due to growth in our metalcasting markets and coiled tubing services respectively. Growth in our environmental segment within Europe and our South African chromite operations in our minerals and materials segment helped increase sales from the EMEA region as compared to the prior year’s period.
Income from affiliates and joint ventures increased $3.8 million due largely to a $2.1 million gain we recorded on the sale of our Belgian joint-venture, which we sold in 2011. Our Japanese joint-venture also improved its earnings $0.4 million in the current period as compared to the prior year’s nine months due to the economic environment there. In the third quarter of 2011, we sold our interest in our Cypriot joint venture, whose operations were mainly in Russia, at an immaterial loss; in the nine months ended September 30, 2011, this joint-venture reduced its losses by $0.6 million as compared to the prior year’s period.
In the first nine months of 2011, our total assets increased by $34.6 million. We increased our overall investments in working capital, especially inventory and accounts receivable, to support our revenue growth. We also increased our investments in property, plant and equipment, mostly in our oilfield services and minerals and materials segments, to help grow and maintain those businesses. We funded these investments mainly through increased cash utilization, as evidenced by the decrease in our cash balance from the prior year end, and additional borrowings on our revolving debt facility. We believe our future cash needs will be funded through debt rather than continuing to reduce our cash balance.
Subscribe RSS
