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]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q For the quarterly period ended March 31, 2024 Commission file number 1-32737 KOPPERS HOLDINGS INC. (Exact name of registrant as specified in its charter) Pennsylvania 20-1878963 (State of incorporation) (IRS Employer Identification No.) 436 Seventh Avenue Pittsburgh, Pennsylvania 15219 (Address of principal executive offices) (412) 227-2001 (Registrant's telephone number, including area code) | Title of each class | Trading Sy ...

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 ...

PITTSBURGH, May 2, 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 June 10, 2024, to shareholders of record as of the close of trading on May 24, 2024. Koppers expects to pay regular quarterly dividends, with future declarations subject to appro ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Koppers (KOP) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 3, 2024, might help the stock move higher if these key numbers are better than expectations. O ...

Koppers Holdings Inc. (KOP) has successfully concluded the upsizing and repricing of its seven-year $397 million senior secured Term Loan B (TLB), due Apr 10, 2030.In addition to eliminating the 10 basis point (bp) credit spread adjustment from the TLB's pricing structure, this transaction lowers the interest rate margins applicable to the TLB by 50 bps, from 3.50% with a floor of 50 bps to 3.00% with a floor of 50 bps at adjusted Term SOFR Rate or adjusted Daily Simple SOFR. The TLB was also increased by $ ...