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Calgon Carbon Announces Second Quarter 2017 Results

PITTSBURGH--(BUSINESS WIRE)--

Calgon Carbon Corporation (CCC) (Calgon Carbon or the Company) announced results for the 2017 second quarter that ended on June 30, 2017.

Net sales for the second quarter of 2017 were $153.0 million, an increase of $20.4 million or 15.4% compared to net sales of $132.6 million for the second quarter of 2016. The increase is primarily attributable to $24.4 million of net sales contributed by the New Business (the wood-based activated carbon and filtration media business acquired in November 2016). Second quarter of 2017 net sales of Calgon Carbon’s legacy business (excluding the impact of the net sales of the New Business) declined, as expected, by $4.0 million from last year’s second quarter, including a $2.0 million negative impact from currency translation due to a stronger U.S. dollar.

Income from operations for the second quarter of 2017 was $11.0 million, compared to income from operations of $12.2 million reported for the second quarter of 2016. Second quarter 2017 income from operations includes $0.7 million of acquisition integration and project expenses, compared to $1.3 million of acquisition transaction expenses included in second quarter 2016 operating income.

Net income for the second quarter of 2017 was $5.9 million, or $0.12 per fully diluted share. This compares to net income of $7.9 million, or $0.15 per fully diluted share for the same period last...


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