Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Calgon Carbon Earnings Beat Analysts Estimates on Cost Reduction

May 6 (Bloomberg) -- Calgon Carbon Corp., a provider of water-purification systems that use activated carbon and ultraviolet light, reported first-quarter results that beat analysts’ estimates.

Sales slipped to $135 million compared with $137 million a year earlier while earnings of 18 cents a share on a profit of $9.8 million topped seven analysts’ median estimate of 14.5 cents a share, Pittsburgh-based Calgon said today in a statement.

The company, whose shares have risen 21 percent this year, expects margins to increase after completing the second phase of its cost-reduction plan and price increases take effect, Chief Executive Officer Randy Dearth said in the statement.

To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.