Koppers Hldgs - KOP STOCK NEWS

Koppers Holdings Inc. (NYSE: KOP), a global provider of treated wood products, wood treatment chemicals, and carbon compounds, has announced a quarterly cash dividend of $0.07 per share. The dividend will be paid on September 16, 2024, to shareholders of record as of August 30, 2024. The company expects to continue paying regular quarterly dividends, subject to Board approval and determination that it remains in the best interests of Koppers and its shareholders. Future dividend decisions will be based on various factors including financial position, results of operations, cash flows, capital requirements, and applicable laws.

Koppers Holdings Inc. (NYSE: KOP) reported second quarter 2024 results with net income of $26.8 million, or $1.25 per diluted share, compared to $24.5 million, or $1.15 per share, in the prior year quarter. Adjusted EPS increased to $1.36 from $1.26. Consolidated sales decreased by 2.4% to $563.2 million. The Railroad and Utility Products and Services (RUPS) segment achieved record-quarter sales, while Performance Chemicals (PC) saw slight declines and Carbon Materials and Chemicals (CMC) experienced softness in demand. Koppers reaffirmed its 2024 outlook, expecting sales of approximately $2.15 billion and adjusted EBITDA between $265 million and $280 million. The company forecasts 2024 adjusted EPS in the range of $4.10 to $4.60 per share.

Koppers Holdings Inc. (NYSE: KOP), a global provider of treated wood products, wood treatment chemicals, and carbon compounds, has announced its plans to release Q2 2024 financial results on August 8, 2024, before market opening. The company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss its outlook. Presentation materials will be available on the company's website at least 15 minutes before the call. Interested parties can access the live audio broadcast toll-free or join the webcast. An audio replay will be available until November 8, 2024.

Koppers Holdings Inc. (NYSE: KOP) published its 2023 Corporate Sustainability Report, highlighting significant achievements in sustainability. The company reached its 2030 goal of a 50% reduction in Scope 1 and Scope 2 greenhouse gas emissions (GHG) seven years ahead of schedule. It also released its first Taskforce on Climate-Related Financial Disclosures (TCFD) report and achieved the lowest Total Recordable Injury Rate (2.73) since 2018.

Employee engagement scores improved, indicating higher satisfaction. Koppers introduced MicroPro® XPS, a new patented wood treatment product, becoming the first to bring penflufen to the U.S. market. The company received recognition from Newsweek as one of 'America's Most Responsible Companies' for the fourth consecutive year and from USA TODAY as one of 'America's Climate Leaders' for the second year in a row.

CEO Leroy M. Ball emphasized the importance of sustainability in creating value and future success, while Chief Sustainability Officer Leslie Hyde outlined new goals and innovative solutions to enhance Koppers' sustainability efforts.

Koppers Holdings (NYSE: KOP) will engage with the investment community at the Singular Research Summer Solstice Conference in New York City on June 20, 2024.

The company's Chief Accounting Officer Bradley Pearce and Vice President of Investor Relations Quynh McGuire will represent Koppers. Presentation materials will be accessible in the Investor Relations section of the company's website.

Koppers Holdings announced meetings with the investment community in Toronto on June 18-19, 2024. James Sullivan, President and COO, and Quynh McGuire, VP of Investor Relations, will represent the company. Presentation materials will be available on the Koppers website.

Koppers Holdings announced its participation in the Wells Fargo Industrials Conference in Chicago, Illinois, scheduled for June 12, 2024. The company's CFO, Jimmi Sue Smith, and VP of Investor Relations, Quynh McGuire, will represent Koppers. They will engage with the investment community during the event. Presentation materials will be accessible on the Investor Relations section of Koppers' website.

Koppers Holdings (NYSE: KOP) has completed its new utility pole peeling and drying facility in Leesville, Louisiana. The $17 million investment spans 105 acres and has created over 35 construction and full-time positions. The facility processes timber into utility poles, which are subsequently treated at Koppers' Somerville, Texas location. This expansion aims to serve the underserved markets in Texas and the Midwest. The automated plant is expected to reduce costs and optimize Koppers' logistics network. The facility's strategic location leverages Leesville's timber resources and proximity to Somerville, enhancing supply chain efficiency and market reach.

Koppers Holdings announced upcoming meetings with the investment community. The meetings will take place in New York City on May 29, 2024, and in Boston on May 30, 2024. CEO Leroy Ball and VP of Investor Relations Quynh McGuire will represent Koppers. Presentation materials will be available on the company's website.