We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Calgon Carbon Signs Water Treatment Contract in Singapore
Read MoreHide Full Article
Calgon Carbon Corporation has signed a supply contract with Sanli M&E Engineering Pte Ltd (Chye Joo-Sanli Joint Venture). Per the terms of the contract, Calgon Carbon will supply 2.9 million pounds of granular activated carbon (“GAC”) for process upgrading at Choa Chu Kang Waterworks in Singapore. GAC, known for its high quality and outstanding performance, is a proven technology in treating drinking water for the removal of organic matter, taste, and odor.
Financial terms of the deal however, remain undisclosed. The deliveries under the contract are expected to start in late 2017.
The selection was made by taking into account Calgon Carbon’s advanced manufacturing process which makes GAC and the performance of its products that have been installed in several drinking water treatment plants across Asia.
Calgon Carbon has underperformed the Zacks categorized Pollution Control industry in the past one year. The company’s shares have declined around 8.7%, compared with roughly 21.8% gain recorded by the industry.
Despite some recovery of late, Calgon Carbon’s industrial end-markets are expected to remain somewhat sluggish in the near term. The company is also seeing weak demand for activated carbon in specific markets. Demand in Europe, especially in the UK portable water market, is expected to remain sluggish in the near term. Market uncertainties are expected to sustain moving ahead.
Also, currency remains a headwind for the company. Unfavorable currency translation had a $1.9 million negative impact on its top line in first-quarter 2017. The company sees an unfavorable impact of around $1.5 million for the second quarter of 2017.
Caterpillar has expected long-term growth of 9.5%.
Deere & Company has expected long-term growth of 9.2%.
AGCO Corp has expected long-term growth of 12.1%.
3 Stocks to Ride a 588% Revenue Explosion
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Calgon Carbon Signs Water Treatment Contract in Singapore
Calgon Carbon Corporation has signed a supply contract with Sanli M&E Engineering Pte Ltd (Chye Joo-Sanli Joint Venture). Per the terms of the contract, Calgon Carbon will supply 2.9 million pounds of granular activated carbon (“GAC”) for process upgrading at Choa Chu Kang Waterworks in Singapore. GAC, known for its high quality and outstanding performance, is a proven technology in treating drinking water for the removal of organic matter, taste, and odor.
Financial terms of the deal however, remain undisclosed. The deliveries under the contract are expected to start in late 2017.
The selection was made by taking into account Calgon Carbon’s advanced manufacturing process which makes GAC and the performance of its products that have been installed in several drinking water treatment plants across Asia.
Calgon Carbon has underperformed the Zacks categorized Pollution Control industry in the past one year. The company’s shares have declined around 8.7%, compared with roughly 21.8% gain recorded by the industry.
Despite some recovery of late, Calgon Carbon’s industrial end-markets are expected to remain somewhat sluggish in the near term. The company is also seeing weak demand for activated carbon in specific markets. Demand in Europe, especially in the UK portable water market, is expected to remain sluggish in the near term. Market uncertainties are expected to sustain moving ahead.
Also, currency remains a headwind for the company. Unfavorable currency translation had a $1.9 million negative impact on its top line in first-quarter 2017. The company sees an unfavorable impact of around $1.5 million for the second quarter of 2017.
Calgon Carbon Corporation Price and Consensus
Calgon Carbon Corporation Price and Consensus | Calgon Carbon Corporation Quote
Zacks Rank and Key Picks
Calgon Carbon currently carries a Zacks Rank #4 (Sell).
Some top-ranked companies in the industrial products space include Caterpillar, Inc. (CAT - Free Report) , Deere & Company (DE - Free Report) and AGCO Corporation (AGCO - Free Report) . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Caterpillar has expected long-term growth of 9.5%.
Deere & Company has expected long-term growth of 9.2%.
AGCO Corp has expected long-term growth of 12.1%.
3 Stocks to Ride a 588% Revenue Explosion
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>