Last $21.18 USD
Change Today +0.16 / 0.76%
Volume 158.5K
CCC On Other Exchanges
Symbol
Exchange
Berlin
As of 4:15 PM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

calgon carbon corp (CCC) Snapshot

Open
$21.05
Previous Close
$21.02
Day High
$21.21
Day Low
$21.00
52 Week High
07/2/14 - $23.13
52 Week Low
10/15/14 - $18.56
Market Cap
1.1B
Average Volume 10 Days
247.8K
EPS TTM
$0.89
Shares Outstanding
53.2M
EX-Date
05/3/06
P/E TM
23.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for CALGON CARBON CORP (CCC)

calgon carbon corp (CCC) Related Businessweek News

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calgon carbon corp (CCC) Details

Calgon Carbon Corporation provides services and solutions for purifying water and air, food, beverage, and industrial process streams primarily in the United States, Europe, and Japan. The company operates in three segments: Activated Carbon and Service, Equipment, and Consumer. The Activated Carbon and Service segment manufactures and markets granular and powdered activated carbon for use in applications to remove organic compounds from liquids, gases, water, and air. It also offers services related to activated carbon, including reactivation of spent carbon; and leasing, monitoring, and maintenance of carbon fills at customer sites, as well as the company’s ion exchange technologies for treatment of groundwater and process streams. The Equipment segment offers adsorption systems that are used for liquid and vapor applications, such as to control volatile organic compound emissions, off gases from air strippers, and landfill gas production; and liquid phase equipment systems, which are used for potable water treatment, process purification, wastewater treatment, groundwater remediation, and de-chlorination applications. This segment also provides UV oxidation equipment for taste and odor removal in municipal drinking water and for water reuse; Ionic Separator used for the purification and recovery of products in the food, pharmaceutical, mining, chemical, and biotechnology industries; UV disinfection systems to inactivate cryptosporidium, giardia, and other similar pathogens in surface water; and a chemical-free ballast water management solution. The Consumer segment offers carbon cloth, which is activated carbon in cloth form for the medical, military, and specialty markets. The company sells its products and services through a direct sales force and sales offices to potable water, industrial process, environmental water, air, food, and specialty markets. Calgon Carbon Corporation was founded in 1942 and is headquartered in Pittsburgh, Pennsylvania.

1,112 Employees
Last Reported Date: 02/28/14
Founded in 1942

calgon carbon corp (CCC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $511.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $295.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $369.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $279.9K
Compensation as of Fiscal Year 2013.

calgon carbon corp (CCC) Key Developments

Calgon Carbon Corporation Enters into Second Amendment and Consent to Credit Agreement

On November 6, 2014, Calgon Carbon Corporation entered into that certain second amendment and consent to credit agreement by and among the guarantors party thereto, the lenders party thereto and PNC Bank, National Association, as administrative agent in order to extend the expiration date for one additional year and to release certain guarantors under the credit agreement that have nominal book value.

Calgon Carbon Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter 2014; Provides Capital Spending Guidance for the Full Year 2014

Calgon Carbon Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's net sales were $137,699,000 compared to $139,375,000 a year ago. Income from operations was $18,868,000 compared to $17,872,000 a year ago. Income before income tax provision was $18,450,000 compared to $17,358,000 a year ago. Net income was $12,224,000 or $0.23 per diluted share compared to $11,885,000 or $0.22 per diluted share a year ago. Income from operations before depreciation and amortization and restructuring was $26,411,000 compared to $25,132,000 a year ago. Capital expenditures totaled $18.4 million and were primarily for improvements to the company's Catlettsburg, Kentucky and Pearlington, Mississippi virgin carbon manufacturing facilities as well as for the company's SAP reimplementation project. Operating cash flow was $21 million, which was comparable to that of the third quarter of 2013. For the nine months, the company's net sales were $414,463,000 compared to $414,847,000 a year ago. Income from operations was $55,794,000 compared to $53,083,000 a year ago. Income before income tax provision was $54,325,000 compared to $51,230,000 a year ago. Net income was $37,236,000 or $0.69 per diluted share compared to $34,669,000 or $0.64 per diluted share a year ago. Income from operations before depreciation and amortization and restructuring was $77,666,000 compared to $74,353,000 a year ago. Capital expenditures totaled $43.8 million. On a year-to-date basis, operating cash flow of $61.4 million reflects improvement of $22.2 million or 57% over 2013 as a result of favorable working capital changes. For the fourth quarter 2014, the company expects its revenue to improve by several million dollars sequentially. The improvement is expected to come from a portion of the South Korean virgin carbon contract announced last week as well as from the municipal water sales that moved from the third to the fourth quarter. Compared to 2013's fourth quarter, the anticipated sales levels should represent an improvement of at least 5%. The company expects its gross margins will show continued modest sequential improvement for the fourth quarter. The company expects income tax rate to be approximately 34%. For the full year 2014, the company's estimated spending on capital is currently estimated to be $70 million to $75 million.

Calgon Carbon Wins Second Major Contract in 2014 for Drinking Water Treatment in South Korea

Calgon Carbon Corporation announced that it has been awarded a contract by Samsung C&T Corporation to supply 7.2 million pounds of Filtrasorb(R) granular activated carbon (GAC) to the Dduk-Do Municipal Drinking Water (Dduk-Do) Plant in Seoul City, South Korea. The value of the contract was not disclosed. The Dduk-Do Plant provides 198 million gallons of potable water daily to approximately one million residents in 7 districts including SeongDong-Gu, Seoul metropolitan area, South Korea. The GAC will be installed in newly constructed carbon filters to remove taste and odor from the plant's source water. Delivery of the carbon is expected to begin in December of 2014 and be completed in the second quarter of 2015. Calgon Carbon was selected for the project because of its advanced manufacturing process which produces GAC that meets the most stringent specifications in the drinking water treatment industry; its rigorous product quality assurance procedure; and the outstanding performance of Calgon Carbon products that have been installed in other drinking water treatment plants in South Korea.

 

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CCC

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Valuation CCC Industry Range
Price/Earnings 23.6x
Price/Sales 2.0x
Price/Book 2.5x
Price/Cash Flow 14.4x
TEV/Sales 1.9x
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