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Koppers Holdings Inc - KOP STOCK NEWS

Welcome to our dedicated news page for Koppers Holdings (Ticker: KOP), a resource for investors and traders seeking the latest updates and insights on Koppers Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Koppers Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Koppers Holdings's position in the market.

Rhea-AI Summary
Koppers Holdings Inc. plans to release its financial results for the first quarter of 2024 on May 3, 2024, and host a conference call to discuss its outlook. Interested parties can access the live broadcast on www.koppers.com or via phone. An audio replay will be available for those unable to join the live call.
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Rhea-AI Summary
Koppers Holdings Inc. successfully reprices and upsizes its Term Loan B, reducing interest rate margins by 50 basis points and increasing the TLB by $100 million. The company aims to use the proceeds for general corporate purposes, including reducing borrowings under its revolving credit facility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
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Rhea-AI Summary
Koppers Holdings Inc. (NYSE: KOP) released its 2023 Annual Report and Letter to Shareholders, showcasing audited financial statements for the fiscal year ended December 31, 2023. The report is now accessible on the company's website and the SEC's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.9%
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Rhea-AI Summary
Koppers Holdings Inc. (KOP) acquires Brown Wood Preserving Company, Inc. for $100 million. The acquisition includes pressure-treated wood utility poles, expanding Koppers' market reach and offering growth opportunities in new geographic markets. The deal is expected to boost EBITDA by $15-25 million in 2025.
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-0.66%
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Rhea-AI Summary
Koppers Holdings Inc. (KOP) reports record sales and operating profit in Q4 2023, with net income of $12.9 million. The company's consolidated sales reached $513.2 million, a 6.3% increase from the prior year. RUPS and PC segments saw sales growth, while CMC segment experienced a decline. Adjusted EBITDA for Q4 2023 was $53.9 million. CEO Leroy Ball credits the global team for strong performance. For the full year 2023, Koppers achieved record sales of $2.15 billion and net income of $89.2 million. The company expects sales of $2.25 billion and adjusted EBITDA of $275 million in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.64%
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Rhea-AI Summary
Koppers Holdings Inc. (KOP) announces the acquisition of Brown Wood Preserving Company, Inc. for $100 million, expanding its utility pole business. The deal is expected to enhance capabilities, geographic reach, and profitability in the utility sector.
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Rhea-AI Sentiment
End-of-Day
7.64%
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Koppers Holdings Inc. (KOP) announces a 17% increase in the planned quarterly dividend rate for 2024, from $0.06 to $0.07 per share of common stock. The annual dividend rate for 2024 rises to $0.28 per share. CEO Leroy Ball expresses confidence in the company's financial stability and commitment to growth and shareholder returns.
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4.29%
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MSA Safety, Inc. CEO, Nish Vartanian, joins Koppers Holdings, Inc. Board of Directors, aiming to contribute to the company's future success. Vartanian expresses excitement to align with Koppers' values and enhance their achievements.
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4.29%
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Koppers Holdings Inc. expands its Board of Directors from nine to ten members by appointing Nishan J. Vartanian, Chairman and CEO of MSA Safety Incorporated, as a new director. Mr. Vartanian's extensive experience in safety products and global markets is expected to enhance Koppers' strategic direction and governance.
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-5.74%
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Rhea-AI Summary
Koppers Holdings Inc. (NYSE: KOP) plans to release its financial results for Q4 and full-year 2023 on February 28, 2024. The company will discuss its outlook on a conference call at 11:00 a.m. Eastern Time. Interested parties can access the live audio broadcast on the company's website. An audio replay will be available after the call.
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End-of-Day
0.04%
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Koppers Holdings Inc

NYSE:KOP

KOP Rankings

KOP Stock Data

1.17B
20.14M
4.12%
93.97%
1.55%
Other Basic Inorganic Chemical Manufacturing
Manufacturing
Link
United States
Pittsburgh

About KOP

koppers, headquartered in pittsburgh, pennsylvania, is a global wood preservation technology company that creates safe and environmentally responsible solutions to solve our customer’s most important challenges. our products and services are used in a variety of niche applications in a diverse range of end-markets including railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber and construction industries. with more than 2,100 employees, we maintain a global manufacturing and distribution network, with facilities in north america, south america, australasia, china and europe. koppers is committed to living a culture of zero harm that places the care of our people, our environment and our communities first at all times. the company is also a member of the american chemistry council and dedicated to adopting its responsible care® initiative at all of our locations worldwide.