Calgon Carbon Corporation (Calgon Carbon), a US-based provider of products and solutions for purifying water and air, has reported net sales of $400.3 million for the year-end 2008, compared with the net sales of $351.1 million in the previous year-end. It has also reported a net income of $38.4 million, or $0.72 per diluted share, for the year-end 2008, compared with the net income of $15.3 million, or $0.31 per diluted share, in the previous year-end.

The company reported net income of $7.9 million or $0.14 ($0.15 from continuing operations) per common share on a fully diluted basis for the fourth quarter of 2008. Net income for the fourth quarter of 2007 was $3.8 million or $0.08 per common share on a fully diluted basis.

Net sales from continuing operations for the fourth quarter of 2008 were $102.4 million versus fourth quarter 2007 sales of $94.8 million, an increase of 8.0%. Currency translation had a $5.2-million negative impact on sales for the fourth quarter of 2008 due to the stronger US dollar.

For the fourth quarter of 2008, sales for the Activated Carbon and Service segment increased by 6.3% versus the fourth quarter of 2007. The increase was primarily due to higher pricing for certain activated carbon products and services in the environmental air treatment, food, and industrial process markets. Equipment sales increased by 45.3%, due to higher demand for ion exchange, carbon adsorption, odor control, and ultraviolet light systems. Consumer sales for the fourth quarter of 2008 declined by 49.0% due to production problems that limited the output of activated carbon cloth and due to lower demand for both carbon cloth and PreZerve products.

Net sales less the cost of products sold (excluding depreciation and amortization) as a percentage of net sales for the fourth quarter of 2008 were 33.0%, versus 29.7% for the fourth quarter of 2007. The increase was primarily due to higher pricing for certain activated carbon products and services.

Net sales from continuing operations for the year ended December 31, 2008 were $400.3 million, versus $351.1 million for the comparable period in 2007, an increase of 14.0%. For the year, foreign currency translation had a $1.9 million positive impact on sales due to the stronger Euro.

For the year ended December 31, 2008, the net income consisted of income from continuing operations of $35.6 million and income of $2.8 million from discontinued operations. Results for the full year 2008 also included a non-recurring after-tax gain of $5.7 million from the settlement of a lawsuit. For the year ended December 31, 2007, the company’s net income consisted of $15.5 million from continuing operations and a loss of $0.2 million from discontinued operations.

Fully diluted earnings per share for the year ended December 31, 2008 consisted of $0.67 from continuing operations and $0.05 from discontinued operations. For 2007, earnings per share on a fully diluted basis were $0.31, all from continuing operations.

The company’s board of directors did not declare a quarterly dividend.

John S. Stanik, Calgon Carbon’s president and chief executive officer stated, ‘We are very pleased with the growth in sales and earnings in the fourth quarter and for the full year which was achieved through a combination of price increases, higher demand for activated carbon, and expense control.’