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Last $21.15 USD
Change Today -0.23 / -1.08%
Volume 116.6K
CCC On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

calgon carbon corp (CCC) Key Developments

Calgon Carbon Corporation Announces Executive Changes, Effective May 11, 2015

Calgon Carbon Corporation announced that it has hired Daniel E. Crookshank as Director of Investor Relations, effective May 11, 2015. Crookshank will replace Gail Gerono, VP of Investor Relations, when she retires later in May 2015. Reporting to Chief Financial Officer, Steve Schott, Crookshank will manage investor relationships, quarterly results calls and also support the company’s finance department. Crookshank most recently served as the Director of Investor Relations at RTI International Metals Inc.

Calgon Carbon Declares Quarterly Cash Dividend Payable on June 15, 2015; Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Revised Capital Expenditures Guidance for the Full Year of 2015

On May 5, 2015, Calgon Carbon’s Board of Directors declared a quarterly cash dividend of $0.05 per share, payable on June 15, 2015, to shareholders of record on June 5, 2015. The company announced consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $135,703,000 compared with $131,632,000 for the same period a year ago. Income from operations was $17,290,000 compared with $15,601,000 for the same period a year ago. Income before income tax provision was $16,622,000 compared with $14,956,000 for the same period a year ago. Net income was $11,061,000 or $0.21 per basic and diluted share compared with $9,809,000 or $0.18 per basic and diluted share for the same period a year ago. Currency translation had a $6.3 million negative impact on sales for the first quarter of 2015 due to the weaker euro, British pound sterling, and yen. Operating cash flow was $8.9 million for the first quarter of 2015, a decrease of $1.3 million as compared to the first quarter of 2014. This decrease was primarily due to a net unfavorable working capital change, partially offset by improved operating results. Capital expenditures totaled $16.1 million for the first quarter of 2015 and are primarily for improvements to the company Catlettsburg, Kentucky facility along with expenditures related to the company's new headquarters facility, which included $3.6 million for construction of the research and development center and $1.7 million for its SAP reimplementation project. The company revised capital expenditures guidance for the full year of 2015. Capital expenditures for 2015 will be reduced by $10 million from its original estimate, based on the environmental permitting process. The company now expect to spend between $70 million and $75 million in 2015 on capital projects. The company expects effective tax rate to be approximately 34%.

Calgon Carbon Corporation to Report Q1, 2015 Results on May 07, 2015

Calgon Carbon Corporation announced that they will report Q1, 2015 results at 10:30 AM, US Eastern Standard Time on May 07, 2015

Calgon Carbon Corporation, Q1 2015 Earnings Call, May 07, 2015

Calgon Carbon Corporation, Q1 2015 Earnings Call, May 07, 2015

Calgon Carbon Corporation Wins Three Year Contract to Provide Carbon Absorption Systems to Oil Refiner

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).

 

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