Koppers (KOP) reported $563.2 million in revenue for the quarter ended June 2024, representing a year-overyear decline of 2.4%. EPS of $1.36 for the same period compares to $1.26 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $598 million, representing a surprise of -5.82%. The company delivered an EPS surprise of +3.03%, with the consensus EPS estimate being $1.32. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Core Insights - Koppers Holdings Inc. reported second quarter sales of $563.2 million, a decrease of 2.4% from $577.2 million in the prior year quarter, with net income attributable to Koppers of $26.8 million, or $1.25 per diluted share, compared to $24.5 million, or $1.15 per diluted share in the prior year quarter [1][2][24]. Financial Performance - Adjusted net income attributable to Koppers for the second quarter of 2024 was $29.2 million, or $1.36 per share, compared to $26.9 million and $1.26 per share in the prior year quarter [2][32]. - The Railroad and Utility Products and Services (RUPS) segment achieved record sales of $253.9 million, an increase of 8.3% from $234.4 million in the prior year quarter, driven by pricing increases and higher volumes [3][6]. - The Performance Chemicals (PC) segment saw a slight decline in sales to $176.9 million, down 2.2% from $180.9 million in the prior year quarter, primarily due to lower volumes and pricing decreases [3][6]. - The Carbon Materials and Chemicals (CMC) segment reported sales of $132.4 million, a significant decrease of 18.2% from $161.9 million in the prior year quarter, impacted by lower demand and pricing [4][6]. Operational Highlights - The company’s CEO noted significant sequential improvement across all three business segments, with Performance Chemicals showing the most improvement due to resilient demand for residential wood-treatment preservatives [5]. - Adjusted EBITDA for the second quarter was $77.5 million, compared to $70.3 million in the prior year quarter, reflecting improved profitability in the Performance Chemicals segment [30][31]. Capital Expenditures and Outlook - Capital expenditures for the first half of 2024 were $43.4 million, down from $62.6 million in the prior year period [7]. - Koppers expects 2024 sales to be approximately $2.15 billion, consistent with 2023, and anticipates adjusted EBITDA in the range of $265 million to $280 million [8][9]. Tax and Earnings Projections - The effective tax rate for adjusted net income in 2024 is projected to be around 28%, slightly above the adjusted tax rate in 2023, with adjusted EPS forecasted to be between $4.10 and $4.60 per share [9][10].

PITTSBURGH, Aug. 8, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE: KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that its Board of Directors has declared a quarterly cash dividend of $0.07 per share of Koppers common stock. The dividend is payable on September 16, 2024, to shareholders of record as of the close of trading on August 30, 2024. Koppers expects to pay regular quarterly dividends, with future declarations subject ...

Group 1 - Koppers (KOP) is expected to report quarterly earnings of $1.32 per share, reflecting a year-over-year increase of 4.8% [1] - Anticipated revenues for Koppers are projected to be $598 million, which represents a 3.6% increase compared to the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a collective reevaluation by analysts [1] Group 2 - Analysts project 'Net Sales- Carbon Materials & Chemicals' to be $141 million, showing a decline of 12.9% from the previous year [4] - The estimate for 'Net Sales- Performance Chemicals' is $183 million, indicating a slight increase of 1.2% year-over-year [4] - The consensus estimate for 'Net Sales- Railroad & Utility Products and Services' is $283 million, reflecting a significant year-over-year increase of 20.7% [4] Group 3 - Koppers shares have returned +2.6% over the past month, contrasting with the Zacks S&P 500 composite's -5.9% change [5] - Koppers holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [5]

PITTSBURGH, July 25, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE: KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that the company plans to release its financial results for the second quarter of 2024 before the market opens on Thursday, August 8, 2024, and discuss its outlook on a conference call later that day at 11:00 a.m. Eastern Time. Presentation materials will be available at least 15 minutes before the call on www.kop ...

PITTSBURGH, June 26, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP) today published its 2023 Corporate Sustainability Report (CSR). The report provides a detailed summary of the company's progress in carrying out its long-term Sustainability Plan, underpinned by its values of People, Planet, and Performance. Publishing Koppers first Taskforce on Climate-Related Financial Disclosures (TCFD) report. Achieved 50% Greenhouse Gas Emissions (GHG) Goal Seven Years Ahead of Schedule Koppers 2023 Corporate Su ...

PITTSBURGH, June 17, 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 the upcoming Singular Research Summer Solstice Conference, which will be held in New York City, on June 20, 2024. Koppers management will be represented by Bradley Pearce, Chief Accounting Officer, and Quynh McGuire, Vice President of Investor Relations. About Koppers Inquiries from the media should be directed to Ms. Je ...

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 ...