Calgon Carbon Profit Climbs on Demand for Clean Water Technology

Calgon Carbon Corp., 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.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE