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PITTSBURGH, PA  –  11/06/2017

Improving market conditions and strong contribution from the New Business driving sales and income from operations growth

Reports Q3 2017 net sales of $162.6 million, ahead of Company expectations

Reflects an increase of $38.6 million, or 31.1%, from Q3 2016 net sales of $124.0 million, including New Business net sales of $29.4 million

Improved Activated Carbon segment demand in North America and Europe drive better than expected 7.4% increase in legacy business net sales compared to Q3 2016

Reports income from operations improved to $9.7 million, compared to $9.3 million in Q3 2016

Q3 2017 income from operations includes $3.3 million of expenses related to the Company’s pending merger with Kuraray

Q3 2016 income from operations includes $0.6 million of expenses related to the Company’s acquisition of the New Business

Reports fully diluted EPS of $0.10, compared to $0.13 in Q3 2016

Q3 2017 fully diluted EPS includes $3.3 million (pre-tax) of expenses related to the pending merger with Kuraray; $1.6 million (pre-tax) in higher borrowing costs primarily related to borrowings to acquire the New Business

Dividend of $0.05 per common share declared