Full Report - AMCOL International

AMCOL International Corporation
2006
Corporate Report
Financial Highlights
Net Sales • $ in millions
04
05
06
04
Operating Profit Margin • %
05
Diluted Earnings Per Share
From Continuing Operations • $
1.60
1.18
1.03
04
$
2
05
06
9.4
8.8
7.8
26.1
25.8
25.7
612
536
462
Gross Profit Margin • %
06
04
05
06
2004
2005
2006
Net Sales
$461,778
$535,924
$611,556
Gross Profit
$118,568
$138,023
$159,466
Operating Profit $35,984
$47,076
$57,388
Income from Continuing Operations
$31,565
$36,290
$49,663
in thousands
To Our Shareholders
M a r c h 1 5 , 2006
New sales and profit records, several valuable acquisitions and a breakout performance in our Oilfield Services segment were
highlights in a year of successful activity for AMCOL in 2006.
Our net sales increased 14 percent, to $612 million, in 2006, and net income was $50 million, a 22 percent improvement over
2005. Diluted earnings per share for the year were $1.62, also up 22 percent from the year before. These are laudable results
in a year that presented some challenges as well as notable successes.
In the second and third quarters, AMCOL fell just short of the Street’s profit estimates, causing the stock to trade in the $20
range, but by year-end the stock had rebounded to the $27 level. And in 2006 — our 69th consecutive year of paying dividends
— the Board awarded a 41 percent dividend increase. At year-end the dividend yield was 2 percent.
Our 2006 results were somewhat confounded by numerous anomalies embodied in our earnings, which made it difficult to
obtain a clear picture. The net income and diluted earnings per share for 2006 include a $0.02 per diluted share benefit from
discontinued operations and a one-time, $0.09 per diluted share tax benefit relating to income tax refunds.
In 2006, we bought back $6 million of our common stock. We continue to believe share repurchases are compelling from an
economic standpoint, and our Board of Directors authorized a new share repurchase program in November that allows for the
buyback of up to $15 million of AMCOL stock.
Overall we have achieved industry-leading results by adhering to strategies crafted with a long-term view of the marketplace in
each of our business segments. We successfully maintained a strong domestic market presence, retaining the No. 1 U.S. market
position in metalcasting, bentonite lining technologies and bentonite-based building materials.
At the same time, we continued our rich heritage of looking beyond borders to see the potential for our businesses around the
world. Our international groups achieved outstanding growth in 2006 as a result of years of strategic investment and our ability
to build in key international markets.
Going forward, we see significant growth and expansion opportunities in Asia, Latin America, Europe and India. These dynamic
markets are ripe for the business opportunities and products we offer. Similarly, we are gaining traction in Asia and Europe,
where our business initiatives are producing double-digit revenue growth.
As we evaluated international market opportunities, we also expanded our emphasis on exploration. In 2006, we identified
several potential opportunities through our global exploration program. As a result, in October we acquired mining rights and a
processing facility in Australia, and we continue to evaluate mineral opportunities around the world. We also initiated measures
to reduce our cost structure, increase our ability to respond to the challenges we face, provide value for customers and enhance
shareholder return.
Last year was a year of change and advancement for AMCOL, and we look forward to additional progress as a result. Some things
did not and will not change. We stand firm in our determination to provide real value to our customers, beyond just the products
we supply. We are unwavering in our conviction that knowledge is a global asset that cannot and should not be singularly held
anywhere in the company. We are aware of our customers’ global needs; we are equally aware of their individual local requirements.
Finally, we remain absolutely aware that our vision, growth, customer loyalty and shareholder value are all dependent on one
basic asset: a great team of people who are committed every day to making AMCOL a success. We have that asset and we proved
it in 2006.
Larry Washow
President and Chief Executive Officer – AMCOL International Corporation
Markets >> >
• metalcasting • pet products • cat litter • oil & gas well drilling • agriculture/agronomics • ceramics
coatings
• wine & clarification • paper • cosmetics • laundry detergents • nanocomposites
Minerals
Metalcasting
Both our U.S. and Asia-Pacific Metalcasting groups posted posi-
In 2006, the Asia-Pacific group’s sales reached $34 million, rep-
tive performances in 2006, showing increased sales and building
resenting a significant portion of the growth within the Minerals
momentum to carry them through 2007.
segment. This group consists of several manufacturing, sales and
service operations in Asia and Australia, giving us a strong plat-
Despite a stagnant automotive market environment, our U.S.
form for future sales growth in these developing markets.
operations benefited from the extensive logistical network it uses
to serve the North American foundry market.
At the end of 2006, we operated manufacturing facilities in
China, Korea, Thailand, and Australia — all of which are major
The U.S. group recorded another year of increased sales and oper-
focus areas for global expansion. In addition, our joint venture
ating profit — a result of our ongoing commitment to a globally
operations in India and Japan are providing inroads to these
integrated, knowledge- and value-based approach to each of the
important markets in Asia.
foundries we supply.
In an increasingly global market, we are positioning ourselves for
We continue to build on the principles and premises we believe
are essential to a competitive position, setting us apart from our
competitors and positioning ourselves to deliver the best premium
solutions to our customers.
4
ongoing success.
Minerals
44%
Metalcasting
SALES BY SECTOR
2006
38%
Specialty Minerals
18%
Pet Products
$ 2 9 5,686
2006 Minerals net sales $ in thousands
52%
% of 2006 AMCOL consolidated net sales
Specialty Minerals
Health & Beau t y S o l u t i o n s
Detergent Specialties
In 2006, Health & Beauty Solutions reached a meaningful mile-
Sales were sluggish for the Detergent Specialties group in the first
stone — sustained profitability. This group grew as a result of con-
half of 2006, but by year-end the group had more than doubled its
tinued expansion of market share with existing customers as well
profit from the first half. The group spent the first half of the year
as improved new product sales, expansion into national brands,
working through new market dynamics to achieve critical sales
and continued internationalization of the business.
volumes.
Our combination of internal scientists, research projects and cus-
We emerged with significantly stronger business fundamentals
tomer collaborations continually set higher standards for product
at the end of the year, with successful trials completed on our
integrity. Exploring new possibilities, testing hypotheses, gaining
new-generation detergent additive products, and with renewed
an abundant variety of expert viewpoints — all are part of the work
confidence. We believe this group is poised for solid sequential
we do to provide scientifically substantiated products that with a
quarterly growth in 2007.
measurable difference for our customers.
Specialty Minerals
(cont.)
Petroleum Pro d u c t s
Nanocomposites
A strong demand for drilling products prompted us to add capacity
Our Nanocomposites Group has developed patented technolo-
and improve our product line in the Petroleum Products Group in
gies for producing nanoscale clays suitable for incorporation into
2006. Continuing our assistance with the efficient development
plastics and technologies for making nanocomposites themselves.
of oil and gas resources throughout the world, we expanded our
Commercial nanoclay production began in 1998 and today we
lignite operation. The added capacity allows us to increase our
offer a variety of products under the Nanomer® trademark.
shippable tonnage and to add to and diversify our customer base
around the world.
In addition, we also introduced Organophilic Gelquest, creating
a well-rounded product line in keeping with customer requirements.
Paper Technol o g i e s
AMCOL Paper Technologies provides bentonite products for papermakers worldwide used in a variety of applications - retention,
drainage and formation, pitch control, freshwater conditioning,
and wastewater treatment. We have dedicated research facilities
in the United States and England with additional product and
material testing capabilities in Thailand and China. During 2006
we saw continued customer development efforts pay off in Europe
and we expect to see further improvements and revenue generation in 2007.
6
Min e r a l s B r a n d s & P r o d u c t s > >
Accocarb
Magnasperse
Accoform
MPC 220
Accopure
Nanomax
Accosorb
Nanomer
Additrol
Organo-Gro
Aggrecor
Pamper Kat
Agrogels
Panther Creek
Agro Lig
Pelben
Black Hills
Polargel
Carefree Kitty
Poly-Pore
Cast-Rite
Polysec
Cat Tails
Poly-Sphere
Cellflow
Premium Choice
Cope Rope
Probent
Drill Gel
Probond
Duraclay
Progel
Ecolocarb
Reeli-Klean
Enersol
Retain
Flo-carb
Rheospan
We will capitalize on our state-of-the-art cat litter packaging facilities, giving our customers
Hectabrite
Ripples
the option of pail, jug or bag. We’ll also expand our business through new product offerings
Hectalite
Sefronite
such as Ripples™ pet treats and an agglomerated cat litter.
Hevi-Sand
SPV
Imperm
Super-Treat
Krystal-Klean
Virisorb
KWK
Volcarb
Macrobead
Volclay
Pet P r o d u c t s
Rising material prices and some barriers to passing the increases along to customers lowered the Pet Product Group’s margins in 2006, but we entered 2007 with new strategies
and new product offerings to generate increased profitability in coming months and years.
Magnabrite
Markets >> >
• geosynthetic clay liners • landfills • lagoons • sewage • mining • industrial wastewater
• municipal & remedial waste streams
• drilling fluids • grouts • borehole sealants • rehabilitation chemicals
• waterproofing systems • roof insulants
Environmental
L i n i n g Te c h n o l o g i e s
Building Materials
Our Lining Technologies Group continues as a global leader in
A more efficient operating structure and improved global market
the geosynthetic clay liner (GCL) market. Though solid waste re-
penetration led to significant growth in the Building Materials
mains the largest market for GCLs, we have achieved significant
Group in 2006. Innovation has increased the group’s sales and
growth by developing non-solid waste markets such as mining,
market share, and it remains a small but strong player in the con-
environmental remediation, storm water management, and deco-
struction products business.
rative ponds. To ensure maximum return for every dollar of capital
we invest, we have strategically positioned eight GCL manufactur-
Our complementary technologies enabled us to create an entire
ing facilities in GCL markets that continue to develop around the
suite of products in addition to traditional active waterproofing
world.
commodities, giving customers even more compelling reasons to
buy from us. In 2006, we incorporated foundation drilling prod-
In 2006, the group expanded with the newly formed Remedia-
ucts into the group. As with previous endeavors, we anticipated
tion Technologies Group, which focuses on products and technol-
our customers’ changing needs and adjusted our offerings to help
ogy for remediation of contaminated soil, water and sediment. In
them improve their productivity, efficiency and performance.
January 2007 we furthered our commitment with the Liquid Boot
acquisition, which has a well established position in the rapidly
growing brownfield redevelopment market.
8
Enviro n m e n t a l B r a n d s & P r o d u c t s > >
Akwaseal
Hydrobar
Puregold
Strataseal
Ultraseal
Aquadrain
HydroShield
Quick-Solid
Strataseal HR
VariFlo
Bentogrout
Insta Pac
Redstop
Strongseal
VersaFoam
Bentomat
Insta Vis
Rel-Pac
Super Gel
Volclay
Bentoseal
Lakemat
RM-10
Super Pac
Volclay Panels
Claymax
Liqui-Sorb
Seal-X
Swelltite
Voltex
Coreflex
Maxstop
Shore Pac
Texdrain
Waterstop-RX
Hydraul-Ez
Premium Gel
Sorbond
Ultragel
Environmental
55%
Lining Technologies
SALES BY SECTOR
2006
34%
Building Materials
11%
Other Construction
Products
$ 2 0 3,128
2006 Environmental net sales $ in thousands
33%
% of 2006 AMCOL consolidated net sales
O t h e r C o n s t r u c t i o n P r o d ucts
Drilling Products
Responsible for sales into all non-oil and gas related drilling markets, the Drilling Products Group targets the horizontal directional
drilling, waterwell, and environmental markets for North America.
Contracting Services
Our Contracting Services Group provides a variety of services in global markets that are closely linked to our key product lines. For this
group, 2006 was a year of challenges.
Contracting Services Group services range from installing geosynthetic products such as GCLs and geomembranes to providing repair
services in below-grade concrete structures.
Our development of this group demonstrates our commitment to adding customer value, which sets a new standard in the industry. Still,
in 2006 we identified subtle but necessary enhancements to address the needs of our target customers and reinforce our position in
several key markets. Change is never easy, but we believe the changes we made in 2006 will have positive results going forward.
Markets >> >
• wastewater filtration • pipeline • well testing
Oilfield Services
The business environment was strong for the oil and gas industry in 2006, and Oilfield Services had an outstanding year. Higher-than-historical commodity pricing prompted high demand for technical expertise
and virtually all associated services. As a result, this segment realized $62 million in revenue in 2006,
which was a 56 percent increase over 2005 and approximately 10 percent of AMCOL’s total revenue.
Our deepening knowledge of customer requirements in key vertical markets, coupled with superior
equipment, systems and services, helped drive the sales increase. Strong demand for services and
contributions from late-year acquisitions were factors in our $11 million in operating profit — double
that of the previous year.
Leveraging our international assets and expertise, Oilfield Services continues to find large, high-value,
international opportunities. Our business outside the United States has grown significantly over the
past decade, and as capital investment shifts toward emerging markets, these areas will become more
important going forward.
10
O i l f i e l d S e r v i c e s B r a n d s & P r o d u c t s > > Crudesep
Crudesorb
Smart Canister
Oilfield Services
SALES BY SECTOR
2006
60%
Filtration
32%
Well Testing
8%
Other
$ 6 1,928
2006 Oilfield Services net sale s $ in thousands
10%
% of 2006 AMCOL consolidated net sales
Another important part of our future growth will be the successful integration of our 2006 acquisitions: Unique Equipment Rentals and Nitrogen Services. These acquisitions broaden our service
offerings and strategically differentiate us from several of our competitors. We believe this diversification reduces volatility and provides not only a more stable earnings stream but also a
higher market valuation.
Our product and process offerings are organized according to the end markets we serve so we
can understand the unique issues faced by each segment and positively impact customer performance. Our successful treatment of wastewater allows our customers to increase production
efficiency, reduce total cost of operation, and conserve water and energy.
Fin ancial H i g h l i g h t s
In 2006, we saw record annual revenue for each of our segments and robust demand for our products worldwide.
We continue to reinvest in our businesses, with capital expenditures totaling $42 million, compared with $29
million in 2005. We have consistently paid a quarterly dividend to our shareholders since 1937.
1
Return on Capital Employed • %
18.6
16.9
04
05
17.5
10.5
06
Key Financial Ratios
04
11.3
10.3
05
06
2004
2005
2006
3.1
3.3
3.2
15.5%
14.0%
38.1%
Working Capital Turnover 4.1
3.8
3.8
Asset Utilization
1.5
1.5
1.4
Cash Flow Summary • $ in millions
2004
2005
2006
Cash Provided From Operating Activities
$17.4
$36.3
$46.7
Cash Used in Investing Activities
$26.1
$22.3
$110.9
9.3
$(11.8)
59.8
Current Ratio
Debt to Equity Ratio
Cash Provided by (used in) Financing Activities 1
2
12
2
Return on Average Total Assets • %
Computed using operating profit
Computed using income from continuing operations
Revenue by Segment • 2006
Geographic Sales • 2006
69%
52%
Americas
Minerals
5%
Transportation1
33%
10%
8%
Environmental
EBITDA From Continuing Operations
$ in millions
23%
Asia Pacific
Oilfield Services
2
Europe
Capital Expenditures & Acquisitions
$ in millions
83.5
42.1 63.2
69.2
57.2
28.6
21.6
13.3
04
05
04
06
05
2.1
06
Expenditures | Acquisitions
Comparison of Cumulative Five Year Total Return
$ in millions
2004
2005
EBITDA
From Continuing Operations 2
$ in thousands
$500
2006
An itemized reconcilliation of income from continuing operations to EBITDA
(earnings before interest, taxes, depreciation and amortization) from continuing operations is as follows:
400
Income from continuing operations
$31,565
$36,290
$49,663
4,687
11,645
10,425
826
1,660
2,951
20,124
19,558
20,483
$57,202
$69,153
$83,522
300
Income taxes
Interest Expense,
Net 200
Depreciation and amortization
100
EBITDA 2, from continuing operations
0
12/01
12/02
AMCOL International Corp
1
2
12/03
12/04
S&P SmallCap 600 Index
12/05
12/06
Peer Group
Includes elimination of intersegment shipping revenues included within the corporate segment.
The Company believes this is one measure denoting the cash generating capability of an industrial company. Readers may benefit from understanding this measure when comparing AMCOL’s financial performance
to other companies, although such comparisons may be affected by differences in the manner in which some
companies compute EBITDA.
1
1
Dividend Payout Ratio • %
32.2
31.1
04
05
Return on Average Equity • %
18.3
30.6
15.4
15.3
06
04
05
06
The following graph sets forth a five-year comparison of cumulative total shareholder returns for: (i) AMCOL
(which trades on the New York Stock Exchange); (ii) the S&P SmallCap 600 Index; and (iii) a customer peer
group of publicly traded companies. The peer group consists of companies whose businesses, sales sizes, market
capitalization and stock trading volumes are similar to that of AMCOL. The peer group consists of the following
companies: Calgon Carbon Corporation, Compass Minerals International, Inc., Martin Marietta Materials, Inc.,
Minerals Technologies Inc., Oil-Dri Corporation of America and RPM International Inc. The graph assumes that
$100 was invested at the close of business on December 31, 2001 and assumes the reinvestment of all dividends.
All returns were calculated assuming dividend reinvestment on a quarterly basis. Returns were adjusted for spinoffs and other special dividends for both AMCOL and the peer group companies. Further, the tax-effectiveness of
any distributions to shareholders was not taken into account. The returns of each company in the peer group have
been weighted according to market capitalization.
Comparison of Cumulative Five Year Total Return
$500
400
300
200
100
0
12/01
12/02
12/03
AMCOL International Corp
C o m p a n y N a m e / I n d e x
12/05
S&P SmallCap 600 Index
12/06
Peer Group
12/01
12/02
12/03
12/04
12/05
12/06
AMCOL International Corp.
100
81.86
291.36
293.51
305.48
420.72
S&P SmallCap 600 Index
100
85.37
118.48
145.32
156.48
180.14
Peer Group
100
83.96
112.36
138.72
150.98
193.22
1
14
12/04
Computed using income from continuing operations
Shareowner Data Per Share
2004
2005
2006
Shareholders’ Equity
$7.55
$8.36
$9.85
Diluted Earnings From Continuing Operations $1.03
$1.18
$1.60
Dividends
$.32
$.38
$.49
Diluted Weighted Average Shares (millions)
30.7
30.8
31.0
Consolidated Statement of Operations ($ in thousands) Year ended Dec. 31
2004
2005
2006
$461,778
$535,924
$611,556
Cost of Sales
343,210
397,901
452,090
Gross Profit
118,568
138,023
159,466
GS&A
82,584
90,947
102,078
Operating Profit
35,984
47,076
57,388
(826)
(1,660)
(2,951)
(86)
(393)
231
35,072
45,023
54,668
4,687
11,645
10,425
30,385
33,378
44,243
2,912
5,420
36,290
49,663
–
4,755
585
$31,565
$41,045
$50,248
Net Sales
Interest Expense, Net
Other Income, Net
Income From Continuing Operations
Before Income Taxes and Income from
Affiliates and Joint Ventures
Income Taxes
Income From Continuing Operations
Before Income from Affiliates and
Joint Ventures
Income From Affiliates and Joint Ventures 1,180
Income From Continuing Operations
31,565
Income­­ From Discontinued Operations
Net Income
SEGMENT RESULTS ($ in thousands) Year ended Dec. 31
minerals 2004
2005
2006
Net Sales
$264,167
100.0%
$295,686
100.0%
$316,751
100.0%
Cost of Sales
211,228
80.0%
236,916
80.1%
255,064
80.5%
Gross Profit
52,939
20.0%
58,770
19.9%
61,687
19.5%
GS&A
22,307
8.4%
22,268
7.5%
24,983
7.9%
$30,632
11.6%
$36,502
12.3%
$36,704
11.6%
$147,896
100.0%
$171,143
100.0%
$203,128
100.0%
Cost of Sales
93,360
63.1%
110,815
64.7%
133,414
65.7%
Gross Profit
54,536
36.9%
60,328
35.3%
69,714
34.3%
GS&A
35,926
24.3%
36,978
21.6%
42,963
21.2%
$18,610
12.6%
$23,350
13.6%
$26,751
13.2%
$24,827
100.0%
$39,703
100.0%
$61,928
30.5%
Cost of Sales
18,205
73.3%
26,711
67.3%
39,933
64.5%
Gross Profit
6,622
26.7%
12,992
32.7%
21,995
35.5%
GS&A
4,710
19.0%
7,674
19.3%
10,934
17.7%
$1,912
7.7%
$5,318
13.4%
$11,061
17.9%
$40,650
100%
$49,708
100.0%
$50,228
100.0%
Cost of Sales
36,179
89.0%
43,775
88.1%
44,158
87.9%
Gross Profit
4,471
11.0%
5,933
11.9%
6,070
12.1%
GS&A
2,751
6.8%
3,216
6.5%
3,198
6.4%
$1,720
4.2%
$2,717
5.5%
$2,872
5.7%
$(15,762)
–
$(20,316)
–
$(20,479)
–
Intersegment
Shipping Costs
(15,762)
–
(20,316)
–
(20,479)
–
Gross Profit
–
–
–
–
–
–
13,244
–
17,190
–
17,507
–
3,646
–
3,621
–
2,493
–
$(16,890)
–
$(20,811)
–
Operating Profit
eNvironmental
Net Sales
Operating Profit
OILFIELD SER V ICES
Net Sales
Operating Profit
TRANSPORTATION
Net Sales
Operating Profit
CORPORATE
Intersegment
Shipping Revenues
GS&A
Nanocomposites/Business
Development Expenses
Operating Loss
$(20,000)
–
Certain statements contained in this Corporate Report constitute “forward-looking statements” made in reliance upon the safe harbor contained
in Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include those relating to anticipated
growth, stock prices, levels of capital expenditures, expansion into global markets, acquisition opportunities and the development of new products and services. AMCOL’s actual results for such periods may materially differ due to a variety of factors. Such factors include actual growth
in AMCOL’s various markets; utilization of AMCOL’s various plants; operating costs; raw material prices; weather; currency exchange rates and
devaluations; delays in development, production and marketing of new products; integration of acquired businesses; and other factors set forth
from time to time in AMCOL’s Form 10-K and other reports filed with the Securities and Exchange Commission. Any of these factors could cause
AMCOL’s actual results to differ materially from those described in the forward-looking statements.
16
AMCOL International Corporation
FORM 10-K
2006
E x e c u t i v e Management Team
Larry Washow | President & Chief Exec u t i v e O f f i c e r A M C O L
Gary Castagna | Senior Vice President & C h i e f F i n a n c i a l O f f i c e r A M C O L
Ryan McKendrick | President CETCO & V o l c l a y I n t e r n a t i o n a l
Gary Morrison | President American Co l l o i d C o m p a n y
B o a r d o f D i rectors
John Hughes | age 64, became a director of the Company
Jay D. Proops | age 65, became a director in 1995. He is a
in 1984 and in May 1998 became Chairman of the Board
member of the Audit, Executive and Nominating/Governance
of Directors. He is a member of the Executive Committee.
Committees. He is the Chairman of the Nominating/
Prior to his retirement, he was Chief Executive Officer of
Governance Committee. He is a private investor and former
the Company from 1985 to May 2000. During his 35-year
Vice Chairman and co-founder of The Vigoro Corporation.
career, he held numerous positions with the Company.
Mr. Proops is also a director of Chemtura Corporation.
Larry Washow | age 53, became a director of the Company
Clarence O. Redman | age 64, became a director in 1989.
in 1998 and is a member of the Executive Committee. He
He is a member of the Executive Committee and served as
has been President of the Company since May 1998 and
Secretary of the Company from 1982 to Feb. 2007. Prior to
Chief Executive Officer of the Company since May 2000. He
his retirement from Lord, Bissell & Brook, LLP, in February
was Senior Vice President of the Company prior thereto and
2007, he served as counsel to the Company.
served as President of a subsidiary of the Company.
Dale E. Stahl | age 59, became a director in 1995. He is
Arthur Brown | age 66, became a director of the Company in
a member of the Executive and Nominating/Governance
1990. He is a member and Chairman of the Audit Committee
Committees and Chairman of the Compensation Committee.
and a member of the Compensation Committee. Prior to his
Prior to his retirement in September 2003, he was President
retirement, he was President and Chief Executive Officer of
and CEO/COO of Inland Paperboard and Packaging, the
Hecla Mining Company, a producer of silver and gold. Mr.
corrugated and containerboard manufacturing subsidiary of
Brown is currently the Chairman of the Board of Directors for
Temple-Inland, Inc., since June 2000. Prior thereto, he was
Hecla Mining Company.
President and Chief Operating Officer of Gaylord Container
Corporation, a manufacturer and distributor of brown paper
Daniel P. Casey | age 64, became a director of the Company
and packaging products.
in 2002. He is a member of the Audit, Compensation, and
Executive Committees. He is a retired Chief Financial Officer
Audrey L. Weaver | age 52, became a director in 1997. She
and Vice Chairman of the Board of Gaylord Container Corp.,
is a member of the Compensation Committee. Ms. Weaver is
a manufacturer and distributor of brown paper and packaging
a private investor and is the first cousin to Mr. Weaver.
products. Mr. Casey is also on the Board of Directors for
Caraustar Industries, Inc., a recycled packaging company,
­­­­­­­­Paul C. Weaver | age 44, became a director in 1995. He is
and serves on its Audit Committee.
a member and Chairman of the Executive Committee and
a member of the Nominating/Governance Committee. In
Robert E. Driscoll III | age 68, became a director in 1985,
2002, Mr. Weaver joined Information Resources, Inc., as a
and served as a member of the Audit and Compensation
Vice President.
Committees. He is a retired Dean and Professor of Law at the
Consumer Aptitudes, Inc. Both companies engage in marketing
University of South Dakota. On February 13, 2007, he retired
research. Mr. Weaver is the first cousin to Ms. Weaver.
from the AMCOL International Board of Directors.
Prior thereto, he was Managing Partner of
S h a r e h o l d e r Services
Corporate Information
stock listing
COrporate
HEADQUARTERS
NYSE | ACO
AMCOL International Corp.
In vestor I nquiries
Gary L. Castagna
Senior Vice President, Chief Financial Officer
Transfer A gent And Registrar
American Stock Transfer and Trust Company
1500 West Shure Drive
Arlington Heights, Illinois
60004-7803 U.S.A.
T | 847.394.8730
F | 847.577.5576
www.amcol.com
59 Maiden Lane
AVAILABLE INFORMATION
The Company’s Chief Executive Officer,
Lawrence E. Washow, certified to the New York
Stock Exchange (NYSE) on May 12, 2006, pursuant to Section 303A.12 of the NYSE’s listing standards, that he was not aware of any violation by
the Company of the NYSE’s corporate governance
listing standards as of that date. Copies of Certifications dated March 16, 2007
New York, NY 10038-5441 U.S.A.
Foreign
Locations
T | 800.937.5449 718.921.8145
Australia
Lawrence E. Washow, and Chief Financial Officer,
F | 718.921.8116
Brazil
Gary L. Castagna, pursuant to Rule
of the Company’s Chief Executive Officer,
Canada
13a-14(a) of the Securities Exchange Act of
independent Registered Accountants
Chile
1934, are attached as Exhibits 31.1 and 31.2,
Ernst & Young LLP
China
respectively, to the Company’s Annual Report
Sears Tower
Denmark
on Form 10-K by going to the investor section
233 South Wacker Drive
Egypt
of AMCOL International’s website at www.amcol.
Chicago, Illinois 60606-6301 U.S.A.
France
com, by going to the SEC’s website at www.sec.
India
gov or by calling us at 847-394-8730. This infor-
Legal Counsel
Ireland
mation is also available at no charge by sending
Lord, Bissell & Brook LLP
Japan
a request to the Company’s Investor Relations
111 South Wacker Drive
Mexico
Service Center at AMCOL International, 1500
Chicago, Illinois 60606-4410 U.S.A.
Nigeria
West Shure Drive, Arlington Heights, IL 60004. Poland
interim reports
Singapore
AMCOL’s quarterly earnings releases are posted
Scotland
at AMCOL’s Internet site: www.amcol.com.
South Korea
Or contact us at 847.394.8730
Spain
to have the releases mailed to you.
Thailand
United Kingdom
E n v i r o n m e n tal Considerations
A portion of this corporate report is printed on FSC-certified Mohawk Options 100% PC White, which is manufactured entirely with
non-polluting wind energy and contains 100% post-consumer recycled fiber. The FSC trademark identifies forests that have been
certified in accordance with the rules of the Forest Stewardship Council.
Some of the advantages derived from using Mohawk Options 100% PC are:
66.75 trees preserved for the future
47,280,400 BTU’s energy not consumed
28,354 gallons of water/wastewater flow saved
192.75 lbs. waterbourne waste not created
3,138 lbs. solid waste not generated
6177 lbs. net greenhouse gases prevented
Cert no. XXX-XXX-000
AMCOL International Corporation