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Koppers Holdings Inc. reports developments as an integrated global provider of treated wood products, wood treatment chemicals, wood preservation technologies and carbon compounds. Its updates center on products and inputs used in railroad crossties, utility poles, outdoor wood structures, and production feedstocks for steel, aluminum and construction materials.
Recurring news covers quarterly and annual operating results, outlook commentary, capital-structure disclosures, executive finance leadership, governance matters and investor communications. Company releases also address segment conditions across railroad and utility products and services, performance chemicals, and carbon materials and chemicals.
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Koppers Holdings Inc. (NYSE: KOP) reported a monthly business update on June 17, 2020. The company anticipates its next quarterly results on July 27, 2020. Key developments include a long-term contract amendment with a railroad customer and the planned closure of its Denver facility, which will impact earnings by up to $13 million. May sales reached $144.1 million, a 1.7% decline year-over-year, attributed to a drop in Carbon Materials and Chemicals sales. Koppers expects Q2 sales between $410 million and $420 million, down from $443.9 million in the prior year.