Koppers Hldgs Stock Price, News & Analysis

Koppers Holdings reported Q4 2020 net income of $18.6 million ($0.86/share), down from $20.6 million ($0.96/share) in Q4 2019. Adjusted net income surged to $16.2 million ($0.75/share) from $7.1 million ($0.34/share) year-over-year. Total Q4 sales reached $393.1 million, up 2.9% YoY, driven by strong demand in the Performance Chemicals segment which grew 24.2%. However, the Railroad and Utility Products segment saw a slight decline in sales. Koppers anticipates 2021 sales between $1.7 billion and $1.8 billion and adjusted EBITDA of approximately $215 million to $225 million.

Koppers Inc., a subsidiary of Koppers Holdings (NYSE: KOP), has completed the sale of its Follansbee, West Virginia facility to Petro Empire Liquids and Storage. This move aligns with Koppers' strategy to streamline its Carbon Materials and Chemicals operations, having ceased coal tar distillation in 2016 and naphthalene refining in 2018. The sale includes asset transfer and liability assumption by Empire, with Koppers securing financial assurances. CEO Leroy Ball emphasized that this transaction helps minimize cash outlays and redirects capital to enhance shareholder value.

Koppers Holdings Inc. (KOP) reported preliminary fourth-quarter sales of $393.1 million, a 2.9% increase from the prior year, driven by strong demand in its Performance Chemicals segment. Adjusted EBITDA for 2020 is anticipated at $211-$212 million, surpassing previous forecasts. The company has seen reduced debt, with projected net leverage down to 3.5 from 4.3 in 2019. The Railroad segment sales fell slightly, but profitability remained stable. The Carbon Materials segment reported decreased sales but improved profitability. Final results will be disclosed on February 24, 2021.

Koppers Holdings Inc. (NYSE: KOP) reported a slight increase in consolidated sales to $121.7 million in November 2020, up 1.8% year-over-year. The increase was led by a strong demand for residential wood treatment chemicals, despite declines in Railroad and Utility Products and Carbon Materials. The company expects 2020 sales of approximately $1.6 billion and adjusted EBITDA between $204 million and $210 million. Koppers anticipates adjusted EPS in the range of $3.65 to $3.90. Capital expenditures for the month and year-to-date also rose significantly, signaling an investment in infrastructure and growth.

Koppers Performance Chemicals has announced plans to expand operations by purchasing an industrial land tract in Rock Hill, South Carolina. This expansion aims to enhance process efficiencies, increase production capacity, and create job opportunities in the local community. The facility produces wood treatment chemicals, offering protection against termite damage and decay. The investment aligns with the city's ongoing development, contributing to over $1 billion in investment and 6,000 jobs since 1984. This move underscores Koppers' commitment to both community development and environmental stewardship.

Koppers Holdings Inc. (NYSE: KOP) reported October 2020 sales of $135.2 million, down 4.1% from the prior year. Sales declines were driven by Carbon Materials and Chemicals, while Railroad and Utility Products and Services remained stable. Performance Chemicals saw an 11.4% increase due to strong demand for residential wood treatment.

The company expects 2020 sales of approximately $1.6 billion and adjusted EBITDA between $204 million and $210 million. Capital expenditures have increased, primarily for infrastructure and expansion projects, while debt reduction is anticipated at around $125 million for the year.

Koppers Holdings reported a strong third quarter, with net income of $75.6 million, up from $19.9 million last year. Adjusted EPS reached a record $1.64, reflecting solid performance despite the pandemic. Operating profit was $58.6 million, a record margin of 13.4%. Consolidated sales increased to $437.5 million, aided by foreign currency translation. While the Railroad and Utility Products segment faced challenges, the Performance Chemicals segment achieved record sales. Koppers anticipates adjusted EBITDA in 2020 of $204 million to $210 million and projects adjusted EPS of $3.65 to $3.90, indicating improved financial strength.

Koppers Holdings reported a strong third quarter, with net income of $75.6 million or $3.53 per diluted share, significantly up from $19.9 million or $0.94 in the same period last year. Record income from continuing operations reached $39.1 million, with adjusted net income at $35.1 million, leading to an adjusted EPS of $1.64. Consolidated sales increased slightly to $437.5 million, benefiting from a favorable foreign currency translation. However, the Railroad and Utility Products segment saw a 3.9% sales decline. Koppers expects 2020 sales around $1.6 billion and adjusted EBITDA of $204-$210 million, higher than previous forecasts.