CCC on Nasdaq

Calgon Carbon

Logo: Calgon Carbon, Public domain, via Wikimedia Commons4

American manufacturer of products to remove contaminants and odors

Calgon Carbon Corporation is a Pittsburgh, Pennsylvania based company that manufactures and markets products that remove contaminants and odors from liquids and gases, both for industrial, municipal, and consumer markets. Calgon Carbon's product lines typically use activated carbon in various forms, Originally formed as the Pittsburgh Coke & Chemical Company in the 1940s, the company's main operations are currently centered in North America.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1942Founded1

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  • TickerCCC on Nasdaq1
  • IndustryServices-Prepackaged Software1
  • HeadquartersPittsburgh1
  • Websitewww.calgoncarbon.com
  • Incorporated inDE5
  • Business address167 N. Green Street, 9Th Floor, Chicago, Il 606075
  • Filer categoryLarge accelerated filer5

Calgon Carbon Corporation is a Pittsburgh, Pennsylvania based company that manufactures and markets products that remove contaminants and odors from liquids and gases, both for industrial, municipal, and consumer markets. Calgon Carbon's product lines typically use activated carbon in various forms,3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

73.5%Gross margin7
8.9%Operating margin7
0.2%Net margin7
11.9%Revenue growth, 20257
0.1%Return on equity7
0.71×Debt to equity7
$254.5MFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue27¢$280.2M
  • Research and development22¢$227.5M
  • Other costs43¢$456.8M
  • Interest7¢$71.0M
  • Income tax2¢$19.8M
  • Profit0¢$1.7M

Out of $1.1B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending9¢$61.0M
  • Share buybacks91¢$600.6M

Out of $315.5M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.7

Financial statements

Revenue8910117$1.1B in 2025+72% since 2019
0$500.0M$1.0B$1.5B2019: $616.1M$616.1M20192020: $633.1M$633.1M2020+3%2021: $688.3M$688.3M2021+9%2022: $782.4M$782.4M2022+14%2023: $866.4M$866.4M2023+11%2024: $944.8M$944.8M2024+9%2025: $1.1B$1.1B2025+12%
Gross profit8910117$776.8M in 2025+99% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $390.4M$390.4M20192020: $424.3M$424.3M2020+9%2021: $492.6M$492.6M2021+16%2022: $568.5M$568.5M2022+15%2023: $636.2M$636.2M2023+12%2024: $713.8M$713.8M2024+12%2025: $776.8M$776.8M2025+9%
Operating income8910117$93.8M in 2025
-$200.0M-$100.0M0$100.0M2019: -$166.2M-$166.2M20192020: $77.0M$77.0M20202021: -$144.7M-$144.7M20212022: $51.9M$51.9M20222023: -$23.9M-$23.9M20232024: $80.1M$80.1M20242025: $93.8M$93.8M2025+17%
Net income8910117$1.7M in 2025
-$300.0M-$200.0M-$100.0M0$100.0M2019: -$210.3M-$210.3M20192020: -$16.9M-$16.9M2020−92%2021: -$248.9M-$248.9M2021+1375%2022: $38.4M$38.4M20222023: -$90.1M-$90.1M20232024: $31.2M$31.2M20242025: $1.7M$1.7M2025−95%
Fiscal year2019202020212022202320242025
Revenue$616.1M8$633.1M9$688.3M10$782.4M11$866.4M7$944.8M7$1.1B7
Cost of revenue$225.6M8$208.7M9$195.7M10$213.9M11$230.2M7$231.0M7$280.2M7
Gross profit$390.4M8$424.3M9$492.6M10$568.5M11$636.2M7$713.8M7$776.8M7
Research and development$114.0M8$109.5M9$166.0M10$157.0M11$173.1M7$201.5M7$227.5M7
Operating income-$166.2M8$77.0M9-$144.7M10$51.9M11-$23.9M7$80.1M7$93.8M7
Interest$89.5M8$77.0M9$59.0M10$39.0M11$63.6M7$64.6M7$71.0M7
Income tax-$67.3M8-$4.7M9-$26.0M10$11.5M11$5.5M7$13.1M7$19.8M7
Net income-$210.3M8-$16.9M9-$248.9M10$38.4M11-$90.1M7$31.2M7$1.7M7
Earnings per share-$0.039-$0.4610$0.0611-$0.157$0.047$0.007
Earnings per share (diluted)-$0.039-$0.4610$0.0611-$0.157$0.047$0.007

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The story

Formation and government contract (1940s–1950s)

Calgon Carbon Corporation was founded as the Pittsburgh Coke and Chemical Corporation in Pittsburgh, Pennsylvania, which later merged with the Hillman Coal and Coke Company. Initially the company manufactured products such as coke fuel in support of the local steel industry. Owned in part by the Pittsburgh "steel tycoon" J. Hartwell Hillman, Jr., in 1940 the company began operating a manufacturing plant on Neville Island. In 1956, Fortune Magazine ranked Pittsburgh Coke & Chemical as No. 488 on the Fortune 500.

Pittsburgh Activated Carbon (1960s–1980s)

In the early 1960s the Neville Island facility became the formation site of Pittsburgh Activated Carbon Company, the next evolution of the company. In 1965 the Calgon Corporation acquired Pittsburgh Activated Carbon.

Going public (1980s–1990s)

Calgon Carbon was listed on the New York Stock Exchange in 1991, and throughout the 1990s it bought a number of subsidiaries, with Calgon Carbon's executive Colin Bailey overseeing many of the acquisitions.

In 1997 Calgon Carbon Asia was formed as a marketing subsidiary in Singapore, serving much of Asia, India, Australia and New Zealand. Calgon Carbon Corporation's CEO resigned in February 1998, reportedly over differences with the board of directors over company direction, and Calgon Carbon hired the firm Morgan Stanley for advice on a possible company sale.

UV products and expansion (2000–2013)

Calgon Carbon acquired the firm Zwicky Denmark and Sweden in 2010, which had long been a distributor for Chemivron Carbon, and Calgon Carbon also purchased the stock of Hyde Marine, a company that manufacturers equipment using filtration and UV disinfection to treat marine ballast water.

Randy Dearth became Calgon Carbon's CEO in June 2012, after his predecessor John Stanik retired. Dearth had previously worked at Bayer Corporation and as a CEO of Lanxess Corporation. In May 2013 Dearth announced the company would be working to cut annual expenses by $30 million by the end of 2014. The company, which had recently closed a plant in China, reduced their number of products by 45 percent early in the cost-cutting cycle. Calgon Carbon also did an early retirement program and restructured their business units.

Growth and new headquarters (2013–2015)

As of September 2013 Calgon Carbon was "one of the top three suppliers of activated carbon for the mercury removal market and supplies 32 electric generating units that produce 14.2 gigawatts of electricity." That summer the EPA's pending Mercury and Air Toxins Standards required all power plants to filter the mercury emitted by burning coal. At the time, the EPA recommended activated carbon as the best available "control technology for mercury removal." Calgon Carbon predicted that when the policies are implemented in April 2015, the demand for activated carbon might double. Calgon Carbon products are distributed by Brenntag Canada in Canada, and in September 2013 they signed a near $30 million contract for Calgon Carbon's FLUEPAC product, which is a powdered activated carbon that can filter mercury.

As of February 2014 the company sold 50 million pounds of GAC annually to municipalities to be used for treatment of drinking water. Continuing to branch into Asia, that month the company signed a contract with DaeWoo Engineering and Construction to supply 5.6 million pounds of GAC to a drinking water plant that provides water for about 600,000 residents in Seoul, South Korea. Also at that time the company signed a 10-year contract to treat drinking water for the Palmdale Water District in California, which serves around 115,000 people.

Read the full text

In late 2012 the stock was around $12 a share, before hovering around $20 in 2014. The U.S. Department of Commerce imposed tariffs in November 2014 on activated carbon imports from China, doubling the average import tax. Calgon Carbon announced it would be affected by fluctuating market prices. In February 2015 the company announced a 10% increase in fourth quarter profits, citing increased demand for activated carbon for mercury removal and industrial water treatment. After the announcement, shares rose 7%.

In early 2015 the company moved their headquarters from the Pittsburgh suburb of Robinson to nearby Moon Township. The new building combined the main research laboratory and corporate staff, which had previously been in separate facilities.

Acquisition of CECA - Carbonisation Et Charbons Actifs (2016)

Calgon Carbon Corporation announced in February 2016 that it completed its acquisition of the wood-based activated carbon, reactivation and mineral-based filtration media business from CECA (Carbonisation Et Charbons Actifs), a subsidiary of Arkema Group.

Calgon Carbon acquired by Kuraray (2018)

Calgon Carbon was acquired by Kuraray Co., Ltd. in March 2018.

From Wikipedia’s article on Calgon Carbon, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Subsidiaries

  • Calgon Carbon (Canada)

From Wikidata.1

Former names

  • Dragoneer Growth Opportunities Corp.Jul 17, 2020 to Jul 29, 20215

Timeline

  1. 1942Founded Founded1

Recent filings

  1. Aug 18, 2026144
  2. Aug 14, 2026SCHEDULE 13G/A
  3. Aug 5, 2026SCHEDULE 13G/A
  4. Jul 31, 2026SCHEDULE 13G/A
  5. Jul 30, 20268-K
  6. Jul 30, 202610-Q
  7. Jun 15, 20264 PRIMARY DOCUMENT
  8. May 29, 20268-K/A
  9. May 26, 20264 PRIMARY DOCUMENT
  10. May 26, 20264 PRIMARY DOCUMENT
  11. May 26, 20264 PRIMARY DOCUMENT
  12. May 26, 20264 PRIMARY DOCUMENT
  13. May 26, 20264 PRIMARY DOCUMENT
  14. May 26, 20264 PRIMARY DOCUMENT
  15. May 22, 20268-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2