Calgon Carbon (CCC) Misses Q2 EPS by 2c, Beats on Revenues

Calgon Carbon (NYSE: CCC) reported Q2 EPS of $0.12, $0.02 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $153 million versus the consensus estimate of $151.18 million.

Reported net sales of $153.0 million and fully diluted EPS of $0.12

• Sales include $24.4 million from New Business on strong volumes
• Gross margin (before depreciation and amortization) as a percentage of net sales were 30.5%
• Growing signs of improvement in Activated Carbon and Alternative Materials segments in second half of year
• On track to deliver expected synergies of at least $6.7 million for New Business by 2019
• Dividend of $0.05 per common share declared

For earnings history and earnings-related data on Calgon Carbon (CCC) click here.

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