AMCOL International Corporation (NYSE: ACO) Reports Imminent

AMCOL International Corporation (NYSE: ACO) Reports Imminent Filing
of Second Quarter Form 10-Q 
HOFFMAN ESTATES, IL -- (Marketwire) -- 10/25/12 --  On July 27, 2012,
AMCOL International Corporation (NYSE: ACO) announced its second
quarter earnings and, subsequently on August 10, 2012, announced the
delayed filing of its Form 10-Q for the second quarter. The delay was
required due to our determination, at the time, that we may need to
reduce the value of inventory recorded in our Environmental segment's
Spanish operations. We are pleased to announce that we have completed
our investigation into these and other matters and that we expect to
file our second quarter Form 10-Q on October 30, 2012. 
We evaluated the inventory errors in conjunction with other prior
year errors that were previously known and had been determined to be
immaterial. We concluded that all of these errors were individually
and collectively immaterial to our previously issued financial
statements. However, we concluded that there is a reasonable
possibility that our financial statements for the twelve months
ending December 31, 2012 will be materially misstated if we correct
these prior year errors in the current year. Under current SEC
regulations, correcting prior year financial statements for
immaterial errors does not require our previously filed reports to be
amended; rather, the SEC allows these corrections to be made when we
incorporate our prior year financial statements in our 2012 Form
10-K. 
On a combined basis, these errors have the effect of reducing
earnings per share available to AMCOL shareholders prior to 2009, in
2009, and in 2010 by $0.02, $0.05, and $0.04, respectively, and
increasing it by $0.01 and $0.01 in 2011 and the three months ended
March 31, 2012, respectively. In addition for the three months ended
June 30, 2012, our diluted earnings per share is now $0.67 compared
to the $0.65 reported in our July 27, 2012 press release. 
AMCOL International, headquartered in Hoffman Estates, IL, develops
and markets a wide range of mineral and technology based products and
services for use in various industrial, environmental and consumer
applications. AMCOL is the parent company of American Colloid
Company, CETCO (Colloid Environmental Technologies Company), CETCO
Oilfield Services Company and the transportation operations, Ameri-co
Carriers, Inc. and Ameri-co Logistics, Inc. AMCOL's common stock is
traded on the New York Stock Exchange under the symbol ACO. AMCOL's
web address is www.amcol.com.  
For further information, contact:
Don Pearson
Senior Vice President & Chief Financial Officer
847.851.1500 
 
 
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