This looks like a much better report than last quarter. Earnings and revenues both up nicely. I bought more this week and am feeling pretty smart right now. Let's see what kind of guidance we get in the CC.
ARLINGTON HEIGHTS, Ill., July 18, 2008 /PRNewswire-FirstCall/ -- AMCOL International Corporation (NYSE: ACO - News) today reported 2008 second-quarter income from continuing operations of $17.9 million or $0.58 per diluted share, compared with $15.3 million or $0.49 per diluted share in the same prior-year period. ADVERTISEMENT
Net sales from continuing operations rose 28.2% to $233.8 million for the quarter ended June 30, 2008, compared with $182.5 million for the 2007 period. Acquisitions and favorable foreign currency translation represented approximately $8.7 million and $5.4 million, respectively, of the second- quarter sales growth. Operating profit increased by 22.5% over the 2007 period to $23.5 million. Acquisitions added $1.4 million to current-period operating profit while foreign currency translation contributed $0.8 million
I have to admit, I sold a significant part of my holdings this quarter. I figured margins would go up because I believed them when they said they would be able to implement price increases faster. However, I was very worried about their construction sales, and still am, despite the quarter.