Calgon Carbon Corp. (CCC) said Monday that it expects to report fourth quarter sales of about $138 million.
Analysts polled by Thomson Reuters currently expect the company to post revenue of $141.75 million for the fourth quarter.
The company also said that its fourth quarter earnings will be adversely affected by expense of $2.2 million related to previously announced management changes in the leadership of its Europe and Asia regions; unexpected expense of $1.7 million due to equipment failures during start-up of its new reactivation facilities in Europe and Asia; and an unfavorable impact of $1.7 million due to a much higher than expected proportion of sales of outsourced products in Japan at low margins.
The quarter will also be adversely affected by about $1.0 million of additional costs in connection with the company's growth initiatives including staffing at Hyde Marine and product testing for the mercury removal market and another $1.0 million of costs from accelerated asset depreciation and the final disposition of the company's former PreZerve product line.
Calgon Carbon expects to announce fourth quarter and full year 2011 results on February 27.
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