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Calgon Carbon earnings rise 27%

12:44 PM MDT | May 6, 2013 | Vincent Valk

Calgon Carbon today reported net income up 27.3% year-on-year (YOY), to $9.8 million, on sales down 1.2%, to $135 million. Earnings totaled 18 cts/share, beating analysts’ consensus of 15 cts/share, as reported by Thomson Reuters (New York). “Although revenue was flat for the first quarter of 2013 versus last year’s first quarter, the company’s bottom line results showed significant improvement. Going forward, we should see higher margins as we continue to implement the second phase of our cost-reduction program, which specifically targets...

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