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AMCOL International Corporation Message Board

  • steve_382 steve_382 Aug 1, 2009 9:19 AM Flag

    Cash for Clunkers adds to auto sales

    Evidently the Cash for Clunkers progam has increased auto sales markedly. This small bright spot could help the metal casting business a little.


    From the PR
    <<Minerals: The majority of the decrease in the quarter's revenue was due to lower volumes in the U.S. metal casting and basic minerals product lines, partially offset by price increases. Freight pass-through revenue accounted for approximately 27% of the total segment's decrease, principally from the pet products and metal castings divisions. Foreign currency fluctuations represented approximately 15% of the decrease in revenue principally due to the weakening of the British pound against the U.S. dollar.>>

 

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