8-K

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): February 7, 2003

CALGON CARBON CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	0-15903	25-0530110
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. 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

Item 9.  Regulation FD Disclosure

See Exhibit 99.1 Calgon Carbon Corporation News Release dated February 7, 2003, which is incorporated herein by reference.

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 thereunto duly authorized.

	CALGON CARBON CORPORATION (REGISTRANT)
Date:  February 12, 2003	By:	/s/    Leroy M. Ball
		Leroy M. Ball Chief Financial Officer

EX-99.1

Exhibit 99.1

[INSERT LOGO]

P.O. Box 717 Pittsburgh, PA 15230-0717 (412) 787-6700

From: Gail A. Gerono Vice President, Investor Relations 412-787-6795

— NEWS RELEASE —

CALGON CARBON ANNOUNCES FOURTH QUARTER RESULTS

Board Declares Dividend

PITTSBURGH, PA — February 7, 2003 — Calgon Carbon Corporation (NYSE: CCC) announced results for the fourth quarter and full year ended December 31, 2002.

For the fourth quarter of 2002, net income was $0.3 million versus $0.2 million for the fourth quarter of 2001. Excluding the cumulative effect of accounting change, net income for 2002 was $4.2 million. For 2002, the company reported a loss of $26.7 million, including an after-tax $30.9-million cumulative effect of accounting change for the impairment of certain goodwill related to an acquisition made in 1996. Net income for 2001 was $8.0 million.

Fully diluted earnings per share for the fourth quarter of 2002 were $0.01, the same as the fourth quarter of 2001. Fully diluted earnings per share for 2002 were $0.11 versus $0.20 for 2001, excluding the cumulative effect of accounting change. Fully diluted earnings per share for the year 2002, including the cumulative effect of accounting change, were ($0.68).

Sales for the fourth quarter were $62.6 million, as compared to $64.0 million for the fourth quarter of 2001. Sales for the year ended December 31, 2002 were $258.1 million versus $270.6 million in 2001. Currency translation had a $1.6-million positive impact on sales for the fourth quarter of 2002 versus the comparable period in 2001 due to the stronger Euro. For the year 2002, foreign currency added $3.2 million to the sales line.

	Quarterly Comparison						Annual Comparison
Segment Sales	4Q02			4Q01			2002			2001
Activated Carbon	$	25,902		$	27,402		$	100,625		$	109,317
Service		22,421			21,336			93,494			92,336
Engineered Solutions		9,371			11,193			40,081			48,227
Consumer Health		4,948			4,102			23,894			20,713
Total Sales (thousands)	$	62,642		$	64,033		$	258,094		$	270,593
Segment Operating Income*	4Q02			4Q01			2002			2001
Activated Carbon	$	4,115		$	3,602		$	16,307		$	17,918
Service		4,016			1,980			18,512			16,763
Engineered Solutions		(1,699	)		179			(5,245	)		1,996
Consumer		(872	)		(534	)		(1,274	)		(680	)
Total Income (loss) from operations (thousands)	$	5,560		$	5,227		$	28,300		$	35,997

*Before depreciation, amortization, and restructuring charges

Jim Cederna, Calgon Carbon’s chairman and chief executive officer said, “Results for both the fourth quarter and the year were adversely affected by increased pension expense, one-time administrative and development costs, partially offset by a lower tax rate. However, we made progress in several areas that may bode well for our long-term profit growth.”

• A Dutch court ruled that SepTor equipment produced by two Dutch companies infringed upon a CCC patent. The court restricted the two companies from producing and selling their equipment, and opened the way for CCC to collect damages.

• The company received another contract from a municipality in California for the removal and destruction of perchlorate from drinking water. Calgon Carbon has provided several systems for perchlorate removal to both the private and public sectors.

• CCC received a Notice of Allowance from the U.S. Patent Office which validates and broadens the scope of the company’s UV patent for inactivation of cryptosporidium.

Commenting on 2002, Mr. Cederna said, “We have aggressively positioned Calgon Carbon for better business results, and significant change continued throughout the company in 2002.”

• CCC started up a new plant in China and formed a new joint venture in Japan to position Calgon Carbon as a leading provider of activated carbon and services in

the fast-growing Asian market. CCC received two major contracts to supply activated carbon for new water treatment plants in Asia.

• The company grew its carbon reactivation and ion exchange Service businesses in a down economy.

• For the first time in several years, CCC’s European operation met its sales target.

• CCC reduced the cost of doing business through a new Six Sigma Process Excellence Initiative.

Mr. Cederna also noted that the company will not provide quarterly guidance in the future. He said that CCC will endeavor, through news releases and web casts, to provide investors with a perspective on the factors that will drive long-term profit growth at Calgon Carbon. He added that the principal determinant of growth for 2003 will be sales.

Calgon Carbon’s board of directors declared a dividend of $0.03 per share. Dividends will be issued to shareholders of record as of February 21, 2003, and will be payable on March 7, 2003.

Calgon Carbon Corporation (www.calgoncarbon.com), headquartered in Pittsburgh, Pennsylvania, is a global leader in services and solutions for making air and water cleaner and safer. The company employs approximately 1,000 people at 13 operating facilities and 11 sales and service centers worldwide.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. This document contains certain statements that are forward-looking relative to the company’s future strategy and performance. 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.

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Calgon Carbon Corporation

Condensed Consolidated Statement of Income

(Dollars in thousands except per share data)

(Unaudited)

	Quarter Ended December 31,						Twelve Months Ended December 31,
	2002			2001			2002			2001
Net Sales	$	62,642		$	64,033		$	258,094		$	270,593
Cost of Products Sold		42,673			45,895			177,966			183,505
Depreciation and Amortization		5,012			5,339			19,039			20,336
Selling, Administrative & Research		14,409			12,911			51,828			51,091
Restructuring charge		116			324			116			324
		62,210			64,469			248,949			255,256
Income (Loss) from Operations		432			(436	)		9,145			15,337
Interest Income (Expense) – Net		(449	)		(484	)		(1,988	)		(3,152	)
Other Income (Expense) – Net		(587	)		358			(1,734	)		(564	)
Income (Loss) Before Income Taxes, Minority Interest and Cumulative Effect of Accounting Change		(604	)		(562	)		5,423			11,621
Provision (Benefit) for Income Taxes		(855	)		(792	)		1,315			3,594
Income Before Minority Interest and Cumulative Effect of Accounting Change		251			230			4,108			8,027
Minority Interest		85			—			114			(53	)
Income Before Cumulative Effect of Accounting Change		336			230			4,222			7,974
Cumulative Effect of Accounting Change		—			—			(30,926	)		—
Net Income (Loss)	$	336		$	230		($	26,704	)	$	7,974
Net Income per Common Share Before Cumulative Effect of Accounting Change
Basic	$	.01		$	.01		$	.11		$	.21
Diluted	$	.01		$	.01		$	.11		$	.20

	Quarter Ended December 31,				Twelve Months Ended December 31,
	2002		2001		2002			2001
Cumulative Effect of Accounting Change per Common Share
Basic		—		—	$	(.79	)		—
Diluted		—		—	$	(.79	)		—
Adjusted Net Income per Common Share
Basic	$	.01	$	.01	$	(.69	)	$	.21
Diluted	$	.01	$	.01	$	(.68	)	$	.20
Weighted Average Shares Outstanding (Thousands)
Basic		38,963		38,831		38,939			38,811
Diluted		38,963		39,343		39,261			39,157

Calgon Carbon Corporation

Condensed Consolidated Balance Sheet

(Dollars in thousands)

(Unaudited)

	December 31, 2002,		December 31, 2001
ASSETS
Current assets:
Cash and cash equivalents	$	4,093	$	3,567
Receivables		45,490		44,233
Inventories		48,665		42,104
Other current assets		10,458		14,631
Total current assets		108,706		104,535
Property, plant and equipment, net		134,852		143,661
Other assets		41,159		83,518
Total assets	$	284,717	$	331,714
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term debt	$	—	$	8,762
Long-term debt due within one year		—		1,275
Other current liabilities		38,950		37,705
Total current liabilities		38,950		47,742
Long-term debt		57,600		54,360
Other liabilities		35,593		45,803
Total liabilities		132,143		147,905
Minority Interest		56		—
Total shareholders’ equity		152,518		183,809
Total liabilities and shareholders’ equity	$	284,717	$	331,714