PITTSBURGH, June 14, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE: KOP) today announced that the company will host meetings with the investment community on June 18 and June 19, 2024, in Toronto, Canada. Presentation materials will be available on www.koppers.com in the Investor Relations section of the company's website. Koppers (NYSE: KOP) is an integrated global provider of essential treated wood products, wood preservation technologies and carbon compounds. Our team of 2,200 employees create, protec ...

The Leesville facility began producing timber into utility poles in March 2024, which will be treated at the company's Somerville, TX, facility and distributed to underserved areas in Texas and the Midwest. Koppers, a major utility pole producer in the United States, has spent $17 million in Leesville, a 105-acre site that has created more than 35 construction jobs and new full-time roles. Leesville's abundance of timber and its proximity to the Somerville factory position Koppers advantageously to boost it ...

Koppers management will be represented by Jimmi Sue Smith, Chief Financial Officer, and Quynh McGuire, Vice President of Investor Relations. Presentation materials will be available on www.koppers.com in the Investor Relations section of the company's website. Koppers (NYSE: KOP) is an integrated global provider of essential treated wood products, wood preservation technologies and carbon compounds. Our team of 2,200 employees create, protect and preserve key elements of our global infrastructure – includin ...

PITTSBURGH, June 6, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE: KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that Koppers Utility and Industrial Products Inc. (UIP), a wholly owned subsidiary of Koppers Holdings, held a ribbon cutting ceremony in conjunction with the Leesville Parish Chamber of Commerce to celebrate Koppers utility pole peeling and drying facility in Leesville, Louisiana. In March 2024, the Leesville plan ...

PITTSBURGH, May 20, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE: KOP) today announced that the company will host meetings with the investment community as part of its participation in upcoming investor conferences as follows: Singular Research Spring Select Webinar, which will be held virtually on May 22, 2024. Koppers management will be represented by Bradley Pearce, Chief Accounting Officer, and Quynh McGuire, Vice President of Investor Relations. B. Riley Securities Institutional Investor Conference ...

Koppers Holdings Inc. (KOP) logged profits (attributable to the company) of $13 million or 59 cents per share for the first quarter of 2024, down from a profit of $25.5 million or $1.19 per share a year ago.Barring one-time items, adjusted earnings were 62 cents per share for the quarter, down from $1.12 per share a year ago. It beat the Zacks Consensus Estimate of 61 cents.Koppers recorded revenues of $497.6 million for the quarter, down around 3% year over year. The top line missed the Zacks Consensus Est ...

Financial Data and Key Metrics Changes - Consolidated sales totaled $497.6 million, down from $513.4 million in the prior-year quarter, representing a decrease of 3.1% [8][11] - Adjusted EBITDA was $51.5 million compared to $61.5 million in the prior-year quarter, resulting in a margin of 10.3% versus 12% previously [8][36] - Diluted earnings per share were $0.59, down from $1.19, while adjusted earnings per share were $0.62 compared to $1.12 in the prior-year quarter [8] Business Line Data and Key Metrics Changes - Railroad and Utility Products and Services (RUPS) sales increased by $12 million or 5.6% to $225 million, driven by volume and pricing increases [11][12] - Performance Chemicals (PC) sales rose by $3 million or 2.2% to $150 million, supported by volume increases despite lower prices [11][38] - Carbon Materials and Chemicals (CM&C) sales decreased by $31 million or 20.2% to $122 million, primarily due to lower prices and volumes [11][39] Market Data and Key Metrics Changes - The RUPS business achieved record first-quarter sales, attributed to volume increases for crossties and pricing increases [12] - CM&C experienced a decline in sales prices across most products, with carbon pitch prices down 24.6% globally [39] - The average pricing of major products in CM&C was down 18% compared to the prior-year quarter [15] Company Strategy and Development Direction - The company is focusing on improving cost structures and aligning with customer priorities, particularly in the railroad sector [24][65] - The acquisition of Brown Wood is expected to enhance market presence and contribute to future growth, with integration efforts underway [43][73] - Long-term fundamentals remain strong due to macro trends such as aging infrastructure and renewable energy expansion [22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the first-quarter results were disappointing but expressed optimism for the remainder of the year, aiming for improved performance [6][91] - The company is tempering expectations for the full year due to uncertainties in the market [33] - There is a belief that aluminum markets have hit a trough, with expectations for improved demand in the near future [26] Other Important Information - A quarterly cash dividend of $0.07 per share was declared, representing a 17% increase over the previous year [17] - The company is committed to maintaining a net leverage ratio of 2 to 3 times, with current net debt at $820 million [40] Q&A Session Summary Question: What are the changes in the Railroad side regarding pricing and cost management? - Management indicated a shift towards cost management and prioritizing profitable business, acknowledging the risk of customer reactions to pricing strategies [64][65] Question: How does the integration of Brown Wood affect utility pole volumes and margins? - It is anticipated that utility pole volumes will increase by about a third, with margins expected to remain stable post-integration [96][97] Question: What is the outlook for pricing in the Performance Chemicals segment? - Pricing is largely locked in for the year, with minimal expected impact from fluctuations, and renewals will be assessed at year-end [98]

Financial Projections - The company projects 2024 sales of approximately $2.25 billion and adjusted EBITDA between $265 million and $280 million[96]. - Capital expenditures in 2024 are expected to total approximately $80 million to $90 million, funded by cash from operations[117]. Sales Performance - In Q1 2024, net sales decreased by 3% to $497.6 million compared to $513.4 million in Q1 2023, with a notable 20% decline in the CMC segment[99][100]. - The company experienced a 6% increase in net sales for the Railroad and Utility Products segment, driven by $9.6 million in volume increases for crossties[100]. - The PC segment saw a 2% increase in net sales, attributed to a $6.8 million volume increase, primarily for copper-based preservatives[101]. - CMC segment net sales decreased by $28.6 million due to a 24.6% drop in carbon pitch prices globally[102]. Cost and Expenses - Cost of sales as a percentage of net sales increased to 81% from 80% in the prior year, primarily due to market-driven reductions in CMC pricing[103]. - Depreciation and amortization expenses rose by $2.1 million due to increased investment in growth projects[104]. - Selling, general and administrative expenses increased by $3.9 million, mainly due to higher compensation-related costs[105]. EBITDA Analysis - Total adjusted EBITDA for Q1 2024 was $51.5 million, a decrease of 16% from $61.5 million in Q1 2023[107]. - Adjusted EBITDA for Railroad and Utility Products and Services increased by 12% to $17.7 million, while Performance Chemicals rose by 13% to $29.8 million[107]. - Adjusted EBITDA for Carbon Materials and Chemicals decreased significantly by 79% to $4.0 million due to price and volume decreases[107]. Cash Flow and Liquidity - Net cash used in operating activities improved to $12.3 million in Q1 2024 from $15.3 million in the prior year, attributed to lower working capital usage[111]. - Net cash used in investing activities was $25.8 million in Q1 2024, down from $28.5 million in the prior year, primarily due to capital expenditures[112]. - Net cash provided by financing activities decreased to $23.0 million in Q1 2024 from $56.8 million in the prior year, with net borrowings of $27.9 million[113]. - As of March 31, 2024, liquidity was approximately $340 million, expected to be adequate for cash requirements for at least the next twelve months[116][117]. - The cash interest coverage ratio as of March 31, 2024, was 3.9, exceeding the minimum requirement of 2.0[125]. Leverage and Compliance - The total net leverage ratio as of March 31, 2024, was 3.2, compliant with the Credit Facility covenants[125].

Exhibit 99.1 FOR IMMEDIATE RELEASE For Information: Quynh McGuire, Vice President, Investor Relations 412 227 2049 McGuireQT@koppers.com Koppers Reports First Quarter 2024 Results; Provides Updated 2024 Outlook Completed Acquisition of Brown Wood Preserving Company First Quarter Sales of $497.6 Million vs. $513.4 Million in Prior Year Quarter First Quarter Diluted EPS of $0.59 vs. $1.19 in Prior Year Quarter Adjusted EPS of $0.62 vs. $1.12 in Prior Year Quarter PITTSBURGH, May 3, 2024 – Koppers Holdings Inc ...

Completed Acquisition of Brown Wood Preserving Company First Quarter Sales of $497.6 Million vs. $513.4 Million in Prior Year Quarter First Quarter Diluted EPS of $0.59 vs. $1.19 in Prior Year Quarter Adjusted EPS of $0.62 vs. $1.12 in Prior Year Quarter PITTSBURGH, May 3, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE: KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today reported net income attributable to Koppers for the first quarter of 202 ...