This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Calgon Carbon Previews Fourth Quarter Earnings

Stocks in this article: CCC

Calgon Carbon Corporation (NYSE: CCC) announced that it expects to report sales of approximately $138 million for the fourth quarter of 2011 and that earnings for the quarter will be adversely affected by the following:

  • 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 approximately $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.

Commenting on the announcement, John S. Stanik, Calgon Carbon’s president and chief executive officer, said, “Our reactivation facilities in Feluy and China are expected to be fully operational by the first and second quarters of 2012, respectively. Management changes in Japan and the installation of SAP, which was completed in the first quarter of 2012, should support our efforts to better manage the mix of business in Japan.”

Mr. Stanik continued, “These fourth quarter charges had a negative impact on the company’s performance. The equipment failures were unexpected, but we remain committed to the implementation of our reactivation expansion strategy and to strengthening our position in ballast water treatment and mercury removal.”

Calgon Carbon is finalizing its fourth quarter results and expects to announce fourth quarter and full-year 2011 results on February 27, 2012.

For more information about Calgon Carbon's leading activated carbon and ultraviolet technology solutions for municipalities and industries, visit www.calgoncarbon.com.

Calgon Carbon Corporation, headquartered in Pittsburgh, Pennsylvania, is a global leader in services and solutions for making water and air safer and cleaner.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,614.81 +215.14 1.31%
S&P 500 1,941.28 +37.27 1.96%
NASDAQ 4,419.4780 +103.4040 2.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs