The board of directors of Amcol International Corp. has declared a quarterly dividend of $0.18 a share for the fourth quarter of 2009. The fourth quarter dividend is payable on January 7, 2010, to shareholders of record as of November 19, 2009.

Amcol International Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income attributable to the company shareholders of $13.3 million or $0.43 per diluted share against $1.9 million or $0.06 per diluted share a year ago. The current year period includes a net expense of $1.6 million or $0.05 per diluted share related to the write off of certain U.S. metal casting operations. Without this expense diluted earnings per share would have been $0.48 per share. Net sales decreased 24.6% to $190.9 million from $253.0 million a year ago. Foreign currency fluctuations had a $14.1 million unfavorable impact. Operating profit was $19.2 million against 27.3 a year ago, decreased by 29.7%. Foreign currency fluctuations had an unfavorable impact of $2.0 million on operating profit. Income before income taxes and income was $16.5 million against $21.8 million a year ago. For the nine months, the company reported net income attributable to the company shareholders of $23.6 million or $0.76 per diluted share against $25.4 million or $0.82 per diluted share a year ago, which includes a one time loss of $0.63 per diluted share incurred on the company investment in an affiliate. Net sales decreased 22.4% to $526.5 million against $678.3 million a year ago. Operating profit was $43.2 million against 63.5 a year ago, declined by 32.0%. Income before income taxes and income was $31.1 million against $53,341 million a year ago. Foreign currency fluctuations and acquisitions had unfavorable impacts of $5.7 million and $1.3 million, respectively, on operating profit. Cash flow from operating activities was $90.6 million against $2.6 million a year ago. This increase was principally due to the decrease in working capital. Capital expenditures were against $39.6 million against $29.6 million a year ago.

Amcol International Corp., Q3 2009 Earnings Call, Oct 23 2009