Calgon Carbon Profit Climbs on Demand for Clean Water Technology

Calgon Carbon Corp. (CCC), a provider of activated carbon and ultraviolet technologies that clean water and air, reported fourth-quarter profit rose 21 percent.

Sales of $133.1 million were 6.1 percent lower from the year-earlier period, mainly due to weaker revenue for granular activated carbon for drinking water in Asia and a stronger U.S. dollar, the Pittsburgh-based company said today in a statement.

The largest producer of granular activated carbon will continue cost-improvement efforts and work to “capitalize on opportunities for top-line growth from environmental regulations for mercury removal from coal-fired power plants and for ballast water treatment,” Chief Executive Officer Randy Dearth said. The shares have risen 28 percent the past year.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.