AMCOL Announces Financial Results for Q1

AMCOL International Corporation (NYSE:ACO) announced its first quarter 2012 financial results.

As quoted in the press release:

Net sales increased 8.3% to $235.8 million for the 2012 first quarter, as compared to $217.8 million for the 2011 period. Gross profit increased 12.8% while gross margin increased 110 basis points to 27.6%.

AMCOL’s President and CEO, Ryan McKendrick said:

Our worldwide chromite operations generated steady sales and an operating profit for the quarter despite plant down time incurred to make required equipment upgrades. We continue to start-up and commission new equipment for our chromite processing plant, and we expect this process to be largely completed in Q2 2012.

Click here for the AMCOL International Corporation (NYSE:ACO) press release.