Calgon Carbon Corporation Wins Three Year Contract to Provide Carbon Absorption Systems to Oil Refiner
Apr 7 15
Calgon Carbon Corp. announced it was awarded a three-year contract by an undisclosed petroleum refiner in the Midwest to supply 30 carbon absorption systems and reactivation services to control vapor emissions. The value of the three-year contract is based on the amount of spent activated carbon that is reactivated each year, and should be over GBP 2 million per year ($3 million).
Calgon Carbon Promotes James (Jim) Coccagno to Senior Vice President - Asia, Global Procurement and Strategic Initiatives
Mar 3 15
Calgon Carbon announced that its Board of Directors unanimously voted to promote James (Jim) Coccagno to Senior Vice President - Asia, Global Procurement and Strategic Initiatives. Coccagno will continue to manage global procurement efforts as well as strategic initiatives. He is responsible for the sourcing of all goods and services for Calgon Carbon around the globe. He is also responsible for corporate strategic projects, including M&A. Jim joined Calgon Carbon in September 2012 as Vice President - Global Procurement and Strategic Initiatives.
Calgon Carbon Corporation Declares Quarterly Dividend, Payable on March 15, 2015; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Tax Rate for the Year of 2015
Feb 19 15
Calgon Carbon Corporation's Board of Directors declared a quarterly cash dividend of $0.05 per share to its shareholders of record on March 5, 2015, which will be paid on March 15, 2015. Board decision to declare a cash dividend for the first time since 2005.
The company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $140,640,000 against $133,092,000 a year ago. Currency translation had a $5.0 million negative impact on sales for the fourth quarter of 2014 due to the stronger dollar against the euro and yen. Income from operations was $18,811,000 against $15,806,000 a year ago. Income before income tax provision was $18,183,000 against $15,969,000 a year ago. Net income was $12,134,000 or $0.23 per common share on a fully diluted basis, versus $11,044,000 or $0.20 per common share on a fully diluted basis, for the fourth quarter of 2013. Operating cash flow was $23 million for the fourth quarter of 2014.
For the year, the company reported net sales of $555,103,000 against $547,939,000 a year ago. Income from operations was $74,605,000 against $68,889,000 a year ago. Income before income tax provision was $72,508,000 against $67,199,000 a year ago. Net income was $49,370,000 or $0.92 per common share on a fully diluted basis, versus $45,713,000 or $0.84 per common share on a fully diluted basis, for the fourth quarter of 2013. For the year ended December 31, 2014, foreign currency translation had a $3.2 million negative impact on sales due to the stronger U.S. dollar against the yen. Operating cash flow was $84.3 million. In 2014, operating cash flow has increased $17.6 million, or 26% compared to 2013, due primarily to a reduction in inventory, higher earnings and lower restructuring payments.
The company expects effective tax rate for 2015 to be approximately 34%.
Calgon Carbon Corporation Presents at 27th Annual ROTH Conference, Mar-09-2015 03:00 PM
Feb 13 15
Calgon Carbon Corporation Presents at 27th Annual ROTH Conference, Mar-09-2015 03:00 PM. Venue: The Ritz Carlton, 1 Ritz Carlton Dr, Dana Point, CA 92629, United States.