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Calgon Carbon earnings up, sales fall on weaker demand

8:23 AM MST | February 19, 2014 | Lindsay Frost

Calgon Carbon today reported stronger earnings for the fourth quarter, though sales were down on weaker demand. Net income of $11 million was up 20% year-on-year, with earnings per share of 20 cts/share in line with analysts' estimates, according to Thomson Reuters. Net sales fell 6%, to $133.1 million, because of lower sales of activated carbon in Asia and lower demand for mercury removal carbon in the United States, the company says. “We achieved significant improvement in profitability despite a challenging sales environment in certain markets and the...

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