People & Business :: People/Executives
Calgon Carbon swings to a loss on charges
10:56 AM MDT | November 2, 2012 | Lindsay Frost
Calgon Carbon (Pittsburgh) swung to a net loss of $4.4 million for third-quarter 2012, compared to a net income gain of $14.5 million in the same quarter of 2011. An $8-million restructuring charge, plus a charge for the closure of the its manufacturing facility at Datong, China, impacted results for the quarter, the company says. Sales fell 5%, to $135.5 million, year-on-year (YOY) because of the negative impacts of currency translation because of the stronger US dollar. The activated carbon and service segment reported a major decline in operating...
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