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Calgon Carbon earnings match estimates despite lower sales

9:25 AM MDT | May 8, 2014 | Vincent Valk

Calgon Carbon today reported first-quarter net earnings that were flat year-on-year (YOY), at $9.8 million, or 18 cts/share, while sales were down 2.6%, to $131.6 million. Earnings matched the consensus of analysts’ estimates, as reported by Thomson Reuters (New York). “The significant increase in margin in the first quarter of 2014 as compared to last year’s first quarter clearly demonstrates that our strategic initiatives continue to be effective in building a stronger Calgon Carbon,” says Calgon Carbon chairman and CEO Randy Dearth...

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