Soaring Profits put Calgon Carbon Corp. on Newsletter Watch Lists.
Hot Stock Calgon Carbon Corp. More than Doubles its Profits
Calgon Carbon Corporation (NYSE:CCC) earnings skyrocketed today after fourth-quarter profit more than doubled due to strong demand for air treatment products. Calgon Carbon Corporation provides services, products, and solutions for purifying water and air in the United States and Internationally … Calgon Carbon Corporation trades on the “New York Stock Exchange” under the Stock Symbol ”CCC”. For the Latest information regarding “CCC”, make sure to visit the Most Exclusive and In Depth newsletter website at:http://www.wallstreetgrand.com/.
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Calgon Carbon Corporation (NYSE:CCC) earnings skyrocketed today after the manufacturer of water and air purifying systems said its fourth-quarter profit more than doubled due to strong demand for air treatment products. The Pittsburgh Company said it earned $13.2 million, or 23 cents per share, in the quarter that ended Dec. 31. That compares to a profit of $6.3 million, or 11 cents per share in the final quarter of 2008.
About Calgon Carbon Corp:
Calgon Carbon Corporation provides services, products, and solutions for purifying water and air in the United States and internationally. The company operates through three segments: Activated Carbon and Service, Equipment, and Consumer. The Activated Carbon and Service segment manufactures granular and powdered activated carbon for use in applications to remove organic compounds from water, air, and other liquids and gases. It also offers leasing, monitoring, and maintenance of carbon adsorption equipment. In addition, this segment provides carbon reactivation, handling, and transportation. The Equipment segment offers systems to purify air and water. Its adsorption systems are used for volatile organic compound control, air stripper off-gases, and landfill gas emissions, as well as for process purification, wastewater treatment, groundwater remediation, and de-chlorination. This segment employs proprietary ISEP (Ionic Separator) continuous ion exchange units for the purification of products in the food, pharmaceutical, and biotechnology industries. Its ISEP units are also used to remove perchlorate and nitrate contaminants from drinking water. In addition, this segment offers ultra violet oxidation and disinfection systems for the destruction or inactivation of waterborne contaminants and organisms, as well as produces odor control equipment to control odors at municipal wastewater treatment facilities and pumping stations. The Consumer segment manufactures and sells carbon cloth for the medical and specialty markets; PreZerve storage products to protect and preserve jewelry and keepsakes from deterioration; and AllGone, an odor elimination system that utilizes activated carbon discs to adsorb odors and impurities from the air. Calgon Carbon Corporation serves potable water, industrial process, environmental water, environmental air, food, and specialty markets. The company was founded in 1942 and is based in Pittsburgh, Pennsylvania.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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