Gary Bourgeault
Long only, research analyst, portfolio strategy, media

AMCOL's Energy Segment Continues To Weigh On The Company

AMCOL International Corporation (NYSE:ACO) has been doing fairly well in its Performance Materials and Construction Technologies' segments, but its Energy segment continues to be challenging for the company, and the successful implementation of a strategy to address cost and margin issues related to the unit will determine how the company performs going forward.

(click to enlarge) source:

Latest Quarterly Results

Company sales for the third quarter of 2013 climbed 5.7 percent, led by the 8 percent gain by its Performance Materials unit. Energy Services and Construction Technologies grew by approximately 5 percent each.

Including two impairment charges, the company lost $0.61 in the quarter. The largest impairment charge by far was for $52.3 million, or $1.08 per...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details