Amcol sees losses at its start
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July 22 Canada Goose Outlet (Reuters) Specialty minerals maker Amcol buy canada goose jacket cheap International Corp expects the remaining part of the year to be challenging as buy canada goose jacket it sees losses at its start up chrome sand operations and margin pressures at its oilfield services segment.
Shares of the Hoffman Estates, canada goose factory sale Illinois based company fell 8 percent canada goose before the Canada Goose Coats On Sale bell.
For the year, Amcol our web page expects canadagoosejackets7v its chrome sand operations to generate losses of canada goose uk shop 8 12 cents canada goose coats on sale per uk canada goose share as the company upgrades the plant to improve product yields.
Chromite sand is used in canada goose uk outlet high uk canada goose outlet duty grey iron and steel foundries as core canada goose coats and mould making sand, apart from the production of green glass beverage containers.
In canada goose clearance September, the company purchased its remaining interest in a cheap canada goose uk holding company that owns a chromite mine in South Africa from Chrome Corp.
Amcol business extends across five segments minerals and materials, environmental, oilfield services, transportation and corporate.
The company, which processes minerals for use in industrial and consumer markets, said oilfield services gross margins will continue to be impacted by the decline in deep water activity in the Gulf of Mexico.
Nearly 68 percent of Amcol canada goose store revenue comes from its oilfield services and minerals and materials businesses.
gross margins deteriorated in each of our three major business segments and (this) led to canada goose clearance sale our cheap Canada Goose disappointing earnings in the second quarter, Chief Executive Ryan McKendrick said in a statement.
Amcol shares were trading at $33 before the bell on Friday. They had closed at $35.82 on Thursday on the New canada goose black friday sale York Stock Exchange.
April June net profit was $13.7 million, or Canada Goose sale 43 cents a share, down from $16.2 million, or 51 cents a share, last year. Analysts expected a profit of 56 cents per share on revenue of Canada Goose online $255.4 million. (Reporting by Vaishnavi Bala in Bangalore; Editing by Joyjeet Das).