Calgon Carbon (NYSE: CCC) reported Q2 EPS of $0.24, $0.02 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $135.5 million versus the consensus estimate of $145.36 million.

Commenting on the quarter, Randy Dearth, Calgon Carbon’s Chairman, President and Chief Executive Officer, said, “Our second quarter results demonstrate the positive impact of several Calgon Carbon strategic initiatives. Our ongoing focus on product innovation was a clear catalyst for the continued success of our FLUEPAC mercury control product revenues, as they exceeded our expectations for the quarter. Demonstrating the sustainability of our cost reduction initiatives, our gross margin before depreciation and amortization continued to improve, despite total quarterly revenues that fell shy of our expectations.”

“The second quarter was not without its challenges, as a combination of factors in several of our markets contributed to lower than expected sales. The anticipated level of our oil and gas market activities and projects were negatively impacted by the effects of continued low oil prices and labor disruptions. Quarterly demand from the sweetener, municipal water and environmental water markets were affected by customer order and utilization patterns, including the adverse impact of the unusually wet spring and summer weather conditions in the eastern United States. In addition, revenues in Japan were negatively impacted by increased competitive dynamics in that region.”

“While this quarter’s results exemplify the susceptibility of our products and services to variability in revenue timing on a quarterly basis; our market positioning, market share, and general level of demand for our products and services remains robust across most of our served markets. Accordingly, we expect second half 2015 revenues and profitability to improve sequentially from our first-six-months results as well as year-over-year, including an upward revision to our expected full year revenues of FLUEPAC mercury control market revenues from the forecast we provided in late June.”

For earnings history and earnings-related data on Calgon Carbon (CCC) click here.