Last $19.97 USD
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As of 11:42 AM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

calgon carbon corp (CCC) Key Developments

Calgon Carbon Wins Contract for Reactivation Services

Calgon Carbon Corporation announced that the company and Palmdale Water District (District), have signed a 10-year contract under which Calgon Carbon will provide reactivation services to treat the District's drinking water. The value of the contract will depend upon the amount of spent carbon that is reactivated annually, which is expected to be £1 million. The District is using granular activated carbon (GAC) in order to meet the U.S. Environmental Protection Agency's Stage 2 Disinfectants and Disinfection Byproducts Rule, which establishes maximum levels at which disinfection byproducts (DBPs) are permitted to be present in drinking water. The GAC removes organic compounds from the water, reducing the formation of byproducts that occur with the addition of chlorine. The District will be converting to Calgon Carbon's high performance Filtrasorb400 GAC, which when spent, will be taken to the company's facility in Gila Bend, Arizona for custom reactivation. The District has been using reactivated GAC for several years and expects to continue to realize significant savings under this new contract.

Calgon Carbon Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Tax Rate Guidance for the Third Quarter and Capital Expenditure Guidance for the Full Year of Fiscal 2014

Calgon Carbon Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported income from operations of $21.3 million as compared to $20.2 million for the second quarter of 2013, an increase of 5.4%. Net income was $15.2 million or $0.28 per diluted share versus $13.0 million or $0.24 per basic and diluted share last year. Net sales were $145.1 million versus $140.4 million for the second quarter of 2013. Currency translation had a $1.7 million positive effect on sales for the second quarter of 2014 due to the strength of the British pound sterling and the euro. Income before income tax provision was $20,919,000 compared to $19,779,000 last year. Operating cash flow was strong, totaling $30.2 million for this year's second quarter as compared to cash flow provided by operations of only $18.4 million in 2013. The $11.8 million increase was primarily due to improved income from operations and $7.9 million of favorable working capital changes. Capital expenditures totaled approximately $16.8 million for the second quarter of 2014 due primarily for improvements to the company's Catlettsburg, Kentucky and Pearlington, Mississippi virgin carbon manufacturing facilities. For the six months, the company reported net sales of $276.8 million, versus $275.5 million for the comparable period in 2013. Currency translation had a $1.2 million positive impact on sales for the first half of 2014 due to strength of the British pound sterling and the euro, which was partially offset by the weak yen. Net income was $25.0 million or $0.46 per diluted share versus $22.8 million or $0.42 per basic and diluted share last year. Income before income tax provision was $35,875,000 compared to $33,872,000 last year. Income from operations was $36,926,000 as compared to $35,211,000 last year. For the first six months, operating cash flow was over $22 million better than 2013's cash flow. The company provided tax rate guidance for the third quarter and capital expenditure guidance for the full year of fiscal 2014. In 2014, capital spending is now estimated to be $70 million to $75 million. The company’s income tax rate is expected to be approximately 34% in the third quarter.

Calgon Carbon Corporation to Report Q2, 2014 Results on Aug 08, 2014

Calgon Carbon Corporation announced that they will report Q2, 2014 results at 10:30 AM, US Eastern Standard Time on Aug 08, 2014

Calgon Carbon Corporation, Q2 2014 Earnings Call, Aug 08, 2014

Calgon Carbon Corporation, Q2 2014 Earnings Call, Aug 08, 2014

Calgon Carbon Corporation Presents at Robert W. Baird & Co. Inc. Utility & Infrastructure Symposium, Jun-12-2014

Calgon Carbon Corporation Presents at Robert W. Baird & Co. Inc. Utility & Infrastructure Symposium, Jun-12-2014 . Venue: Park Hyatt, Zurich, Switzerland. Speakers: Gail A. Gerono, Vice President of Investor Relations, Reinier Keijzer, Vice President, Europe, Robert P. O’Brien, Chief Operating Officer and Executive Vice President.

 

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