Calgon Carbon Announces Third Quarter EPS of $.18

Calgon Carbon Corporation CCC announced results for the third quarter ended September 30, 2010. For the third quarter of 2010, the company reported income from operations of $14.6 million, as compared to $14.1 million for the third quarter of 2009. Net income for the third quarter of 2010 was $10.0 million versus $13.9 million for the comparable period of 2009. On a fully diluted basis, net income per common share for the third quarter of 2010 was $0.18 as compared to $0.25 for the comparable quarter of 2009. Results for the third quarter of 2010 include $0.8 million of income, primarily from the release of a valuation allowance on foreign tax credits, as a result of the amendment and filing of prior year tax returns. Results for the third quarter of 2009 included release of a $5.0 million valuation allowance on foreign tax credits. Net sales for the third quarter of 2010 were $124.4 million versus third quarter 2009 sales of $107.5 million, an increase of 15.7%. For the third quarter of 2010, the net effect on sales from acquisitions completed in 2010 was $16.2 million. Currency translation had a $2.1 million negative impact on sales for the third quarter of 2010 due to the stronger U.S. dollar.