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Calgon Co2 Announces Fourth Quarter as well as 2012 Outcomes

Posted Mar 09 2013 3:04am
Calgon Co2 Corporation (CCC) announced outcomes for the fourth 1 / 4 and year ended Dec 31, this.
Income through operations for the 4th quarter of 2012 had been $14. 7 mil versus $8. two million for the similar period this year. Net gain for the 4th quarter of 2012 had been $9. 1 mil, or even $0. 16 for each common share on the fully diluted foundation, compared to $4. 9 mil, or even $0. 09 for each common share on the fully diluted foundation, for the 4th quarter of year 2011.
Commenting within the results, Rowdy Scarcity, Calgon Carbon’s leader and ceo, stated, “The Company’s overall performance for the quarter had been solid despite a difficult business atmosphere.
“In inclusion to growth from our own traditional business within 2013, we are going to also realize good impacts from our price improvement program that people implemented in this. We will still focus on growing profitability through process enhancement, enhanced working efficiencies, and globally cost cutbacks. ”
“As for your long-term, we still believe that growing environmental markets, such as mercury removal through coal-fired power vegetation, ballast water therapy, and effects of disinfection byproducts within drinking water, will give you opportunities for substantial growth throughout this 10 years. ”
Internet sales for the 4th quarter of 2012 had been $141. 8 mil, an increase of two. 6% more than sales associated with $138. 2 mil for the fourth 1 / 4 of 2011. Foreign currency translation had the $1. 0 mil negative impact on product sales for the fourth 1 / 4 of 2012 because of the stronger Oughout. S. buck.
For your fourth quarter associated with 2012, sales for your company’s Activated Co2 and Service segment had been $127. 2 mil versus $122. zero million for the 4th quarter of year 2011, a four. 2% improve. Higher with regard to granular activated co2 (GAC) products for moving water treatment as well as for GAC utilized in respirators was mainly responsible for the rise.
Gear sales declined 15% within the fourth quarter associated with 2012 versus the similar quarter of 2011 because of lower revenue reputation on ballast water therapy, ion swap, and carbon adsorbent systems. It was partially offset through higher revenue recognition upon ultraviolet systems for moving water therapy.
For your fourth quarter associated with 2012, Consumer section sales improved $0. 5 mil, or twenty two. 7%, when compared with your fourth quarter of year 2011. This was because of increased with regard to activated carbon towel, the company’s single consumer item.
Net product sales less the price of products offered as a percentage associated with net sales for your fourth quarter associated with 2012 was thirty-one. 2%, upward slightly from thirty. 9% for your fourth quarter associated with 2011.
Marketing, administrative and investigation expenses for the 4th quarter of 2012 had been $20. 5 mil versus $27. zero million for the similar period of year 2011, a loss of twenty four. 1%. Reduced research and development actions related to new releases and lower lawful and outside services costs contributed to the good comparison. For your fourth quarter associated with 2011, marketing, administrative and investigation expenses integrated $2. 2 mil in severance expenses associated with management modifications.
Results for your fourth quarter associated with 2012 included restructuring costs of $2. three million which were made up of severance as well as pension-related expense. These types of charges were aspects of phase among a cost enhancement program that was carried out the fourth 1 / 4 of this.
For your year ended Dec 31, this, the company documented income from operations associated with $39. 9 mil versus $57. two million for the yr ended December thirty-one, 2011. Net gain for the yr ended December thirty-one, 2012, had been $23. 3 mil versus $39. two million for the yr ended December thirty-one, 2011. Outcomes for the year finished December 2012 included the $10. 2 mil restructuring charge associated with a cost decrease program. Earnings for each common share on the fully diluted foundation were $0. forty one for the year finished December 31, this, when compared with $0. 69 for each common share for your year ended Dec 31, year 2011.
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