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Koppers Holdings Inc. reported First Quarter 2024 Results showing a net income of $13.0 million, or $0.59 per diluted share, a decrease from the prior year. Adjusted EPS was $0.62, a decline from $1.12 in the prior year. Consolidated net sales decreased by 3.1% to $497.6 million. The Railroad and Utility Products and Services business performed well, while the Performance Chemicals segment saw growth. However, the Carbon Materials and Chemicals segment experienced reduced market demand. The outlook for 2024 projects sales of $2.25 billion and adjusted EPS of $4.10 to $4.60 per share.
Koppers Holdings Inc. reported first quarter 2024 results, with a decline in net income, sales, and adjusted EPS compared to the prior year quarter. The Railroad and Utility Products and Services segment showed growth, while the Performance Chemicals segment performed well. However, the Carbon Materials and Chemicals segment experienced reduced market demand. The company provided an updated outlook for 2024, expecting sales of approximately $2.25 billion and adjusted EBITDA of $265-280 million.
Koppers Holdings Inc. (NYSE: KOP) declared a quarterly cash dividend of $0.07 per share of common stock, payable on June 10, 2024, to shareholders of record as of May 24, 2024. The company expects to continue paying regular dividends, subject to Board approval and financial performance.
