Friday, Calgon Carbon Corp. (CCC), a provider of systems for purifying water and air, said its profit for the third-quarter increased substantially from the prior year quarter.
The company reported that the third-quarter net income soared to $13.9 million or $0.25 per share from $2.22 million or $0.04 per share in the prior year quarter. On average, eleven analysts polled by Thomson Reuters expected earnings per share of $0.13 for the quarter. Analysts' estimate typically excludes one-time items.
Third-quarter income from continuing operations jumped to $13.86 million from $2.43 million in the previous year. Net sales for the third quarter increased 8.5% to $107.5 million from $99.1 million in the comparable period. Currency translation had a $2.3-million negative impact on sales for the quarter due to stronger U.S. dollar.
Analysts estimated revenues of $101.72 million for the quarter.
For the third quarter of 2009, sales of Activated Carbon and Service increased by 10.6% versus the third quarter of 2008. The increase was due to favorable pricing and higher demand in areas of strategic focus, including products in the environmental air treatment market, as well as supply of activated carbon for a new potable water treatment facility in Asia.
Equipment sales declined 9.5% versus the third quarter of 2008. The decrease was attributable to lower demand for traditional carbon adsorption and odor control equipment, and was partially offset by higher revenue from systems that employ ultraviolet light technology. A 23.7% increase in Consumer sales for the third quarter of 2009 was due to higher demand for activated carbon cloth.
Net income for the nine months was $25.9 million, compared with $25.3 million for the comparable period last year. Net income per share was $0.46, compared to $0.48 a year ago.
Net sales for the nine months increased to $301.2 million from $297.88 million in the previous year period.
CCC is currently being traded at $15.69 up $0.72 or 4.81% on a volume of 0.809 million shares on the NYSE.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.