Mon, Jun. 29, 3:58 PM
- Calgon Carbon (CCC -8.1%) is sharply lower after the Supreme Court ruled against the EPA's recent mercury emissions mandate, which sent coal stock prices soaring.
- CCC says that while the Court's decision is disappointing, mercury control regulations are in place in many states and Canada that already have established a sizable market; CCC says it continues to expect to increase its activated carbon mercury removal market revenues by ~50% this year.
- Specialty chemical companies Albemarle (ALB -4.9%) and Cabot (CBT -6.6%), which also may have benefited from increased sales of bromine and activated carbon used to reduce mercury, fell sharply.
- Also posting big losses: ADES -9.6%, GTLS -5.4%, LDL -5.1%, ESE -2.7%, ECL -2.4%, DHR -1.2%.
Oct. 19, 2012, 9:27 AM
Jun. 27, 2012, 11:18 AMCalgon Carbon (CCC +0.9%) names board member Randall Dearth as its new president and CEO, effective July 31. Dearth currently serves as president and CEO of chemical maker Lanxess Corporation. The announcement comes a month after the maker of water and air purifying systems said that its Chairman, President and CEO John Stanik planned to retire to spend more time with his family. 31. | Comment!
May 1, 2012, 3:49 PMCalgon Carbon's (CCC +7.8%) strong Q1 beat indicates the maker of purification systems is "back on track," Brean Murray says, even as consumer sales slid 22%. The firm adds that with factors including improved Japan margins, stable pricing and new projects, CCC "appears well positioned to continue growing revenues and earnings for the foreseeable future." | Comment!
Feb. 13, 2012, 6:29 PMCalgon Carbon (CCC) falls 3.7% AH after warning it expects Q4 revenue of $138M ($141.8M consensus), and that earnings will be adversely affected by several different issues, including equipment failures during the start-up of new facilities in Europe and Asia. The maker of air and water purifiers expects to report earnings on Feb. 27. | Comment!
Aug. 2, 2011, 3:34 PMCalgon Carbon (CCC +6.8%), maker of water and air purifiers, posts Q2 results that fall slightly below expectations, but Janney says the real story is the growth opportunity, not the "uninspiring" quarter. Calgon also says its mercury removal opportunity may prove larger than originally expected, and that its ballast water business is accelerating nicely. | Comment!
CCC vs. ETF Alternatives
Calgon Carbon Corp is engaged in the manufacture, supply, reactivation, and application of activated carbons and the manufacture of ballast water treatment, ultraviolet light disinfection, and ion-exchange technologies.
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