The Gory Details on AMCOL International's Double Fumble

Just the facts, Fool.

Seth Jayson
Seth Jayson
Apr 29, 2013 at 12:00AM
Other

AMCOL International (NYSE: ACO) reported earnings on April 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), AMCOL International missed estimates on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share grew. GAAP earnings per share dropped significantly.

Margins dropped across the board.

Revenue details
AMCOL International recorded revenue of $236.7 million. The three analysts polled by S&P Capital IQ foresaw sales of $246.7 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.42. The three earnings estimates compiled by S&P Capital IQ predicted $0.44 per share. Non-GAAP EPS of $0.42 for Q1 were 2.4% higher than the prior-year quarter's $0.41 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.) GAAP EPS of $0.32 for Q1 were 20% lower than the prior-year quarter's $0.40 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 26.7%, 90 basis points worse than the prior-year quarter. Operating margin was 7.8%, 160 basis points worse than the prior-year quarter. Net margin was 4.4%, 100 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)


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Looking ahead
Next quarter's average estimate for revenue is $265.6 million. On the bottom line, the average EPS estimate is $0.57.

Next year's average estimate for revenue is $1.03 billion. The average EPS estimate is $2.09.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AMCOL International is hold, with an average price target of $29.00.

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