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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. (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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.64%
Tags
acquisition
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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%
Tags
earnings
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.29%
Tags
dividends
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.29%
Tags
management
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
Tags
management
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.74%
Tags
none
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.04%
Tags
none
-
Rhea-AI Summary
Koppers Inc. (NYSE: KOP) announces a transition plan for key leadership roles, including the retirement of James Healey, Vice President, Utility and Industrial Products, effective December 31, 2024. Jason Bakk has been named as his successor, with Brett Johnston named as the successor for Vice President, North American Carbon Materials and Chemicals. The transition plan aims to strengthen customer relationships, grow market share, optimize production capabilities, and promote safety and sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
Tags
management
-
Rhea-AI Summary
Koppers Holdings Inc. (NYSE: KOP) announced the election of James A. Sullivan as President and Chief Operating Officer, effective January 1, 2024. Mr. Sullivan, with over 20 years of industry experience, will play a significant role in the development of Koppers' 2030 strategy. Leroy M. Ball will continue as the CEO, focusing on driving shareholder value and corporate strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.46%
Tags
none
Rhea-AI Summary
Koppers Holdings Inc. (NYSE: KOP) has been recognized as one of America's Most Responsible Companies by Newsweek magazine for the fourth consecutive year in 2024. Koppers ranked No. 124 out of 600 finalists and No. 13 out of 51 companies in the Materials & Chemicals category. The company attributes its success to its sustainability strategy, which has led to significant reductions in greenhouse gas emissions, improved safety performance, and record financial results in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.73%
Tags
none
Koppers Holdings Inc

NYSE:KOP

KOP Rankings

KOP Stock Data

1.16B
20.14M
4.25%
94.52%
1.77%
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.