8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
August 3, 2010

CALGON CARBON CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	1-10776	25-0530110
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

P.O. Box 717, Pittsburgh, PA 15230-0717	15230-0717
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (412) 787-6700

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On August 3, 2010, Calgon Carbon Corporation issued a Press Release announcing its results for the second fiscal quarter ended June 30, 2010 and certain other information that is furnished as Exhibit 99.1 hereto.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following Exhibit 99.1 is being furnished pursuant to Item 601 of Regulation S-K and General Instruction B2 to this Form 8-K:

Exhibit No.	Description
99.1	Press Release dated August 3, 2010

     SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CALGON CARBON CORPORATION (Registrant)
Date: August 3, 2010	/s/ Richard D. Rose
	(Signature)
	Richard D. Rose Vice President, General Counsel and Secretary

EX-99.1

Exhibit 99.1

CALGON CARBON ANNOUNCES SECOND QUARTER RESULTS

PITTSBURGH, PA — August 3, 2010 — Calgon Carbon Corporation (NYSE: CCC) announced results for the second quarter ended June 30, 2010.

The company reported net income of $2.9 million for the second quarter of 2010, as compared to net income of $6.1 million for the second quarter of 2009. On a fully diluted basis, net income per common share for the second quarter of 2010 was $0.05, as compared to $0.11 for the second quarter of 2009.

Income from operations for the second quarter of 2010 was $4.3 million, versus $10.2 million for the comparable period in 2009.

Both income from operations and net income for the second quarter of 2010 included a $11.5-million charge resulting from a verdict against the company in a breach of contract lawsuit.

Net sales for the second quarter of 2010 were $123.6 million, a $20.5-million, or 19.9%, increase over the comparable period in 2009. For the second quarter of 2010, the net effect on sales from acquisitions completed in 2010 was $9.9 million. Currency translation had a $1.4-million negative impact on sales for the second quarter due to the stronger dollar.

For the second quarter of 2010, sales for the Activated Carbon and Service segment increased 23.5% as compared to the second quarter of 2009. The increase was due principally to higher demand for certain activated carbon and service products in the potable water and environmental air treatment markets. Higher demand in the environmental water treatment and specialty carbon markets also contributed to the increase.

Equipment sales for the second quarter of 2010 were comparable to the second quarter of 2009. For the second quarter of 2010, Consumer sales declined 13.3%

versus the second quarter of 2009. This was principally due to lower demand for activated carbon cloth.

Net sales less the cost of products sold as a percentage of net sales for the second quarter of 2010 was 34.8% versus 31.8% for the second quarter of 2009. The increase was due to a higher volume of carbon and service products sold during the second quarter of 2010.

Selling, administrative and research expenses for the second quarter of 2010 were $22.0 million versus $18.6 million for the comparable period in 2009, and included $3.6 million related to acquisitions completed in the first quarter of 2010. Excluding those expenses, selling administrative and research expenses for the second quarter of 2010 were comparable to the second quarter of 2009.

Calgon Carbon’s board of directors did not declare a quarterly dividend.

Net sales for the six months ended June 30, 2010 were $226.5 million, a $32.8-million, or 16.9%, increase over the comparable period in 2009. For the first half of 2010, the net effect on sales from acquisitions completed in 2010 was $8.1 million. Currency translation had $0.7-million positive impact on sales for the first half due to a weaker dollar.

The gain on acquisitions of $3.1 million for the six months ended June 30, 2010 relates to acquisitions that occurred during the first quarter and includes a retrospective adjustment of approximately $0.9 million.

Net income for the six months ended June 30, 2010 was $12.8 million versus $12.1 million for the comparable period of 2009. Fully diluted net income per common share for the first half of 2010 was $0.23. Fully diluted net income per common share for the first half of 2009 was $0.21.

Commenting on the quarter, John Stanik, Calgon Carbon’s chairman, president and chief executive officer, said, “Excluding the outcome of the litigation, the quarter was strong. I am especially pleased with the revenue growth, as it indicates that some of the markets Calgon Carbon serves are participating in the economic recovery. During the quarter, we also made excellent progress in integrating three acquisitions completed earlier this year. The process increases operating expenses in the short term, but when full integration is achieved, the acquisitions are expected to contribute to both top- and bottom-line growth. Most importantly, during the first half of the year we made significant progress in the execution of our strategic plan which is the key to meeting our long-term growth objectives for the company.

For more information about Calgon Carbon’s leading activated carbon and ultraviolet technology solutions for municipalities and industries, visit www.calgoncarbon.com.

Calgon Carbon Corporation, headquartered in Pittsburgh, Pennsylvania, is a global leader in services and solutions for making water and air safer and cleaner.

This news release contains historical information and forward-looking statements. Forward-looking statements typically contain words such as “expect,” “believe,” “estimate,” “anticipate,” or similar words indicating that future outcomes are uncertain. Statements looking forward in time, including statements regarding future growth and profitability, price increases, cost savings, broader product lines, enhanced competitive posture and acquisitions, are included in the company’s most recent Annual Report pursuant to the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995. They involve known and unknown risks and uncertainties that may cause the company’s actual results in future periods to be materially different from any future performance suggested herein. Further, the company operates in an industry sector where securities values may be volatile and may be influenced by economic and other factors beyond the company’s control. Some of the factors that could affect future performance of the company are higher energy and raw material costs, costs of imports and related tariffs, labor relations, capital and environmental requirements, changes in foreign currency exchange rates, borrowing restrictions, validity of patents and other intellectual property, and pension costs. In the context of the forward-looking information provided in this news release, please refer to the discussions of risk factors and other information detailed in, as well as the other information contained in the company’s most recent Annual Report.

###

Calgon Carbon Corporation
Condensed Consolidated Statement of Income
(Dollars in thousands except per share data)
(Unaudited)

	Quarter Ended						Six Months Ended
	June 30,						June 30,
	2010			2009			2010			2009
Net Sales	$	123,574		$	103,090		$	226,501		$	193,723
Cost of Products Sold		80,512			70,319			146,303			131,533
Depreciation and Amortization		5,261			3,972			10,338			7,748
Selling, Administrative & Research		22,044			18,626			41,695			35,333
Litigation Contingency		11,500			—			11,500			—
		119,317			92,917			209,836			174,614
Income from Operations		4,257			10,173			16,665			19,109
Interest — Net		2			(109	)		110			(3	)
Gain on Acquisitions		—			—			3,119			—
Other Expense — Net		(172	)		(1,500	)		(475	)		(1,928	)
Income From Operations Before Income Tax and Equity in Income from Equity Investments		4,087			8,564			19,419			17,178
Income Tax Provision		1,171			2,893			6,686			5,974
Income from Operations Before Equity in Income from Equity Investments		2,916			5,671			12,733			11,204
Equity in Income from Equity Investments		—			427			112			868
Net Income	$	2,916		$	6,098		$	12,845		$	12,072
Net Income per Common Share
Basic	$	.05		$	.11		$	.23		$	.22
Diluted	$	.05		$	.11		$	.23		$	.21
Weighted Average Shares Outstanding (Thousands)
Basic		55,830			54,331			55,770			54,225
Diluted		56,748			56,285			56,737			56,183

Calgon Carbon Corporation

Segment Data:

Segment Sales	2Q10		2Q09		YTD 2010		YTD 2009
Activated Carbon and Service		110,381		89,383		200,833		167,146
Equipment		11,129		11,327		21,289		22,226
Consumer		2,064		2,380		4,379		4,351
Total Sales (thousands)	$	123,574	$	103,090	$	226,501	$	193,723

Segment
Operating Income (loss)*	2Q10		2Q09			YTD 2010			YTD 2009
Activated Carbon and Service		9,275		13,200			26,962			25,082
Equipment		243		962			(72	)		1,937
Consumer		—		(17	)		113			(162	)
Income from Operations (thousands)	$	9,518	$	14,145		$	27,003		$	26,857

* Before depreciation and amortization. The Activated Carbon and Service segment includes a charge of $11.5 million related to the litigation contingency.

Calgon Carbon Corporation
Condensed Consolidated Balance Sheet
(Dollars in thousands)
(Unaudited)

	June 30,		December 31,
	2010		2009
Assets
Current assets:
Cash and cash equivalents	$	45,035	$	38,029
Restricted cash		1,333		5,556
Receivables		84,189		64,304
Inventories		96,750		84,587
Other current assets		33,263		29,369
Total current assets		260,570		221,845
Property, plant and equipment, net		163,404		155,100
Other assets		44,207		48,773
Total assets	$	468,181	$	425,718
Liabilities and Shareholders’ Equity
Current liabilities:
Short-term debt	$	16,156	$	—
Current portion of long-term debt		2,711		—
Other current liabilities		79,843		62,021
Total current liabilities		98,710		62,021
Long-term debt		4,766		—
Other liabilities		49,657		56,611
Total liabilities		153,133		118,632
Redeemable Non-Controlling Interest		1,618		—
Total shareholders’ equity		313,430		307,086
Total liabilities and shareholders’ equity	$	468,181	$	425,718