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Calgon Carbon swings to profit on higher sales

10:28 AM MST | November 5, 2013 | Vincent Valk

Calgon Carbon today reported third-quarter net income of $11.9 million, or 22 cts/share, compared with a net loss of $4.5 million during the year-ago quarter. Earnings met analysts’ consensus estimate, which was also 22 cts/share, as reported by Thomson Reuters (New York). Sales were up 2.9% year-on-year (YOY), to $139.4 million. Activated carbon and service segment sales rose 7% YOY, to $123 million, while segment operating income more than doubled, to $25 million. Higher demand from the environmental water, food, and specialty carbon markets drove the...

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