Welcome to our dedicated page for Koppers Hldgs news (Ticker: KOP), a resource for investors and traders seeking the latest updates and insights on Koppers Hldgs stock.
Koppers Holdings Inc. (NYSE: KOP) provides essential treated wood products and carbon compounds for global infrastructure markets. This news hub offers investors and industry professionals timely updates on operational developments, financial performance, and strategic initiatives shaping this industrial solutions provider.
Access official press releases covering earnings announcements, facility expansions, and product innovations across three core segments: Railroad & Utility Products, Performance Chemicals, and Carbon Materials. Stay informed about partnerships, sustainability efforts, and market positioning in wood preservation technologies.
Our curated news collection enables efficient tracking of Koppers' global manufacturing developments and supply chain enhancements. Monitor updates on critical infrastructure projects, chemical treatment advancements, and regulatory compliance milestones that impact long-term value creation.
Bookmark this page for direct access to verified corporate communications. Combine these resources with SEC filings and industry analysis to maintain a comprehensive view of Koppers' role in railroad safety, utility infrastructure, and industrial chemical markets.
Koppers Holdings (NYSE: KOP) has announced the election of Stephanie Apostolou as Chief Legal and Sustainability Officer and Secretary. In this expanded role, she will oversee the company's Legal, Sustainability, Zero Harm, Risk Management, and Strategic Planning functions.
Apostolou, who joined Koppers in 2011 as Corporate Counsel, has served in various roles including Deputy General Counsel and Assistant Secretary before becoming General Counsel and Secretary in 2020. Her new position includes supervising the continuation and expansion of Koppers' Sustainability program and Zero Harm safety culture, while maintaining responsibility for Legal functions and Board of Directors matters.
CEO Leroy Ball praised Apostolou's thirteen-year tenure at Koppers, highlighting her leadership growth and involvement in major company decisions over the past five years.
Koppers Holdings Inc. (NYSE: KOP) announced the retirement of two senior leaders. Leslie Hyde, Senior Vice President and Chief Sustainability Officer, will retire on March 31, 2025, and Joseph Dowd, Global Vice President Zero Harm, will retire on February 28, 2025. Both will serve as Assistant to the CEO for transition.
Hyde's 25-year career included establishing environmental programs, developing risk management systems, and becoming the company's first Chief Sustainability Officer in 2020. Dowd, who joined in 2012, implemented significant safety initiatives including the Zero Harm Leadership Forum, training workshops, and Life Saving Rules, leading to record safety performance in 2024.
Koppers Inc. (NYSE: KOP) announced plans to discontinue phthalic anhydride production at its Stickney, Illinois facility in 2025, affecting approximately 25 employees. The decision was driven by significant capital spending requirements that couldn't be justified by market projections. The closure will reduce certain regulated air contaminants by 50-70%.
The company expects pre-tax charges of $51-55 million through 2026, including $28 million in non-cash charges (2024-2025) and $23-27 million in cash expenditures for plant cleaning, waste disposal, and demolition. The shutdown won't affect Stickney's coal tar distillation operations. The closure aligns with Koppers' 2025 goals of $300 million adjusted EBITDA and $65-75 million capital expenditures.
Koppers Holdings (NYSE: KOP) announced its participation in the upcoming Singular Research Conference in San Francisco on December 12, 2024. The company will be represented by Bradley Pearce, Chief Accounting Officer, and Quynh McGuire, Vice President of Investor Relations, who will host meetings with the investment community. Presentation materials will be accessible on the company's website in the Investor Relations section.
Koppers Holdings Inc. (NYSE: KOP) announced its participation in the BofA Securities Leveraged Finance Conference on December 3, 2024, in Boca Raton, Florida. Chief Financial Officer Jimmi Sue Smith and VP of Investor Relations Quynh McGuire will represent the company in meetings with investors. The event will include a fireside chat with Smith at 8:10 a.m. Eastern Time, which will be broadcast live on the company's website. Presentation materials will be available in the Investor Relations section of www.koppers.com.
Koppers Holdings reported third quarter 2024 results with record sales of $554.3 million, up 0.7% from $550.4 million in the prior year. Net income was $22.8 million ($1.09 per diluted share), compared to $26.3 million ($1.22) last year. Adjusted EPS increased to $1.37 from $1.32. The Railroad and Utility Products segment achieved record quarterly sales, Performance Chemicals saw improved profitability despite lower sales, and Carbon Materials showed increased profitability despite price decreases. The company reaffirmed its 2024 outlook, expecting sales of approximately $2.1 billion and adjusted EBITDA of $270-275 million.
Koppers Holdings (NYSE: KOP) has announced a quarterly cash dividend of $0.07 per share, payable on December 16, 2024, to shareholders of record as of November 29, 2024. The company, which specializes in treated wood products, wood treatment chemicals, and carbon compounds, plans to continue regular quarterly dividends, subject to Board approval and evaluation of various factors including financial position, operations, cash flows, and capital requirements.
Koppers Holdings (NYSE: KOP) has announced its upcoming third quarter 2024 financial results release and conference call schedule. The company will release its financial results before market opening on Friday, November 8, 2024, followed by a conference call at 11:00 a.m. Eastern Time. Presentation materials will be available on the company's website 15 minutes before the call. The conference call will be accessible via toll-free numbers and will be broadcast live on www.koppers.com. An audio replay will be available until February 8, 2025.
Koppers Holdings Inc. (NYSE: KOP) has announced its participation in the upcoming Sidoti Small Cap Conference, scheduled for September 19, 2024. The event will be held virtually, with Koppers management represented by Jimmi Sue Smith, Chief Financial Officer, and Quynh McGuire, Vice President of Investor Relations. They will be hosting meetings with the investment community during the conference. Presentation materials for the event will be made available on the company's website, www.koppers.com, in the Investor Relations section.
Koppers Holdings Inc. (NYSE: KOP) has announced upcoming meetings with the investment community in Denver on September 16, 2024, and Seattle on September 17, 2024. The company's management, represented by CEO Leroy Ball and VP of Investor Relations Quynh McGuire, will be present at these events.
These meetings provide an opportunity for investors and analysts to engage directly with Koppers' leadership, gaining insights into the company's strategies, performance, and future outlook. Presentation materials for these meetings will be made available on the company's website, www.koppers.com, in the Investor Relations section, allowing wider access to the information shared during these events.
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