Koppers Holdings(US:KOP) Prnewswireยท2025-05-09 11:55Core Insights - Koppers Holdings Inc. reported a decline in net sales for Q1 2025, totaling $456.5 million, down 8.3% from $497.6 million in Q1 2024 [2][5] - The company experienced a net loss of $13.9 million in Q1 2025, compared to a net income of $13.0 million in the same quarter of the previous year, marking a significant change of -206.9% [2][5] - Adjusted net income attributable to Koppers increased to $14.6 million, up 7.4% from $13.6 million in Q1 2024 [2][5] - The adjusted EBITDA for the quarter was $55.5 million, reflecting a 7.8% increase from $51.5 million in the prior year [2][5] Financial Performance - Net sales by segment for Q1 2025: - Railroad and Utility Products and Services: $235.0 million, up 4.4% from $225.1 million [4][29] - Performance Chemicals: $120.9 million, down 19.5% from $150.1 million [4][29] - Carbon Materials and Chemicals: $100.6 million, down 17.8% from $122.4 million [4][29] - Adjusted EBITDA by segment for Q1 2025: - Railroad and Utility Products and Services: $25.5 million, up 44.1% from $17.7 million [4][29] - Performance Chemicals: $20.1 million, down 32.6% from $29.8 million [4][29] - Carbon Materials and Chemicals: $9.9 million, up 147.5% from $4.0 million [4][29] 2025 Outlook - Koppers updated its sales forecast for 2025 to approximately $2.0 billion to $2.2 billion, down from the previous estimate of $2.17 billion [6][7] - The company aims to achieve adjusted EBITDA of approximately $280 million and adjusted EPS of $4.75 per share for 2025 [6][7] - Capital expenditures are projected to be $65 million for 2025, down from $77.4 million in 2024 [7] Management Commentary - CEO Leroy Ball noted that cost reduction measures have positively impacted profitability despite lower sales volumes [3][8] - The company remains cautiously optimistic about achieving its adjusted earnings per share guidance of $4.75 for the year, citing opportunities for improved profitability [8]