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AMCOL International Corporation Message Board

  • steve_382 steve_382 Jan 28, 2011 8:20 AM Flag

    Q4 Earnings - Not so good

    I will have to admit this was pretty disappointing even considering the special charges. It should have been at least .45 or better considering the increase in revenues when you knock out the special charges, but ex charges, they said it was only .21. Perhaps this lets Ryan McKendrick, the new President and CEO get some of the ugly stuff out of the way and blame it on Larry Washow. They said it cost them $2.7 million for Larry to retire. Then, if 2011 turns into a good year, McKendrick will look all that much better.

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    • marlamayerj Jan 28, 2011 10:15 AM Flag

      The stock is taking a pretty good hit today. Guess that should be expected. I inherited my stock (been in the family since the inception of the company) and am not at all knowledgeable about what to expect this quarter report. Do you expect a drop in dividend payments and if so how much? Thanks for any light you can shed on this.

    • This sure was an ugly quarter. Looks like some house cleaning. Surprised they appear to write off the Russian and Belgian investment. Maybe more on the call from Q & A. I dread looking at the stock later today.

      • 1 Reply to pearcebill39
      • I suppose if you look at the year overall adjusted for special charges it looks pretty good, but this quarter is another story.

        From todays press release:
        Net income attributable to AMCOL shareholders, adjusted for the unusual items mentioned above, was $1.57 per diluted share for the twelve months ending December 31, 2010 and $1.11 per diluted share for the comparable period ending December 31, 2009.