AMCOL International Corp. Reports Operating Results (10-Q)

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May 10, 2012
AMCOL International Corp. (ACO, Financial) filed Quarterly Report for the period ended 2012-03-31.

Amcol Intl Cp has a market cap of $983.5 million; its shares were traded at around $29.94 with a P/E ratio of 17 and P/S ratio of 1. The dividend yield of Amcol Intl Cp stocks is 2.3%. Amcol Intl Cp had an annual average earning growth of 12.3% over the past 10 years. GuruFocus rated Amcol Intl Cp the business predictability rank of 2.5-star.

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. If applicable, fluctuation due to acquisitions is measured as the change 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 years comparable period:

Our working capital level remained steady; it was $293.7 million at March 31, 2012 and $294.2 million at December 31, 2011. We were able to maintain a stable working capital level even though sales increased significantly due to improvements in collections of accounts receivable. 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. Improved performance of working capital allowed us to not only fund these investments but also reduce our debt balance in the first three months of 2012.

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