Isramart : Calgon Carbon Doubles 4Q Earnings

Isramart news:
Calgon Carbon reported its fourth-quarter earnings more than doubled due to increased demand from its coal-fired power plants and an increase in margins.

The company posted a profit of $13.2 million, or 23 cents per share, up from $6.3 million, or 11 cents a share, in the year prior.

Revenue increased 8.1% to $110.7 million, while gross margin increased from 33% to 42.2%.

Analysts surveyed by Thomson Reuters were looking for 16 cents on revenue of $107 million.

The company benefited from increased demand for air-treatment products and higher pricing for food and potable water. Equipment sales dropped by more than one-quarter while consumer sales were up by 20%.