Calgon Carbon Earnings Beat Analysts’ Estimates on Higher PricesJustin Doom
Calgon Carbon Corp., the Pittsburgh-based provider of water-purification systems, reported second-quarter earnings that beat analysts’ estimates as prices increased.
Net income increased 19 percent to $13 million, or 24 cents a share, from $10.9 million, or 19 cents, a year earlier, Calgon said today in a statement. That exceeded by 2 cents the average of seven analysts’ estimates compiled by Bloomberg. Sales fell 5.4 percent to $140.4 million. The drop was offset by increased prices and higher demand in Japan, the company said.