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CALGON CARBON CORPORATION ISSUES EARNINGS

 CALGON CARBON CORPORATION ISSUES EARNINGS
 PITTSBURGH, April 21 /PRNewswire/ -- Calgon Carbon Corporation


(NYSE: CCC) announced financial results for the first quarter ended March 31, 1992.
 Net sales of $70.15 million were under first quarter 1991 sales by 9.1 percent and net income of $6.59 million was under by 32.7 percent. After adjusting for the 100 percent stock dividend payable June 3, 1991, earnings per share of $0.16 were under first quarter 1991 earnings per share of $0.24 by 33.3 percent.
 Thomas A. McConomy, president and chief executive officer, commented that results fell in the range of $0.16 - $0.19 estimated for the quarter as announced on March 13, 1992. Included in the results was a provision of approximately $0.009 per share for suspension of charring operations at the Brilon-Wald, Germany, plant. The provision principally covers contracted termination and pre-pension costs for personnel from that operation. Char as a starting material for activated carbon production at Brilon-Wald will be supplied by the Bodenfelde, Germany plant.
 Operations were initiated at the new Pearl River plant in Mississippi during the first quarter and continue without difficulty to meet the company's expectations. Products from that facility are being supplied to customers in the United States and Europe.
 The due diligence process related to acquisition of the assets of Trans-Pacific Carbon is near completion and the transaction is expected to be concluded in the second quarter.
 CALGON CARBON CORPORATION
 Condensed Consolidated Statement of Income (Unaudited)
 (Dollars in millions except per share data)
 Period Quarter
 Ended March 31 1992 1991
 Net Sales $70.15 $77.21
 Cost of products sold 41.72 44.65
 Depreciation 4.11 3.56
 Selling, administrative
 and research 13.19 12.64
 59.02 60.85
 Income from operations 11.13 16.36
 Interest income (expense) - net (.35) .12
 Other income (expense) - net (.39) (.49)
 Income before income taxes 10.39 15.99
 Provision for income taxes 3.80 6.19
 Net income 6.59 9.80
 Net income per common share (A) $.16 $.24
 Average common shares
 outstanding (thousands) (A) 40,774 40,648
 (A) Restated for 100 percent stock dividend effective June 3, 1991.
 -0- 4/21/92 R
 /CONTACT: Gail Gerono of Calgon Carbon Corporation, 412-787-6700/
 (CCC) CO: Calgon Carbon Corporation ST: Pennsylvania IN: SU: ERN


CD -- PG011 -- 0801 04/21/92 15:21 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
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