PUDA: exactly, only coal washing. Just like CCME they beat 4Q which is their strongest q by 2.9% in rev and 80% eps (yoy=160% for eps). Trailing eps jumped from 0.68 to 0.90.
If the 1Q trend is applied to the year (i.e no mining $, just washing but with a Net Margin of 10.7% (vs. 4.9% in 2009), 2010 eps would be at 1.54 (vs. guidance = 1.2 to 1.8 non GAAP). I think we should see some mining $$ starting late 3Q and 4Q and that means eps will be close to the upper guidance. This compares to eps=0.68 for 2009.