Koppers Holdings Inc. Announces Increase to 2023 Outlook as Management Prepares to Host Investor Day Today
- Koppers affirms sales forecast and increases adjusted EBITDA and EPS guidance
- Better-than-expected volume strength and pricing actions contribute to positive outlook
- None.
President and Chief Executive Officer Leroy Ball said, "I'm extremely pleased to affirm my confidence that we will exceed our previously communicated full-year financial guidance. Better-than-expected volume strength for utility poles and residential and industrial wood preservatives, recent pricing actions in our rail business, and a Carbon Materials and Chemicals business that is managing better than expected through sudden market disruptions, all lead me to believe that we can deliver adjusted EBITDA at higher than
Koppers will host an Investor Day today in
- Leroy Ball – President and Chief Executive Officer
- Leslie Hyde – Senior Vice President and Chief Sustainability Officer
- Jimmi Sue Smith – Chief Financial Officer
- James Sullivan – Executive Vice President and Chief Operating Officer
Koppers does not provide reconciliations of guidance for adjusted EBITDA or adjusted EPS to comparable GAAP measures, in reliance on the unreasonable efforts exception. Koppers is unable, without unreasonable efforts, to forecast certain items required to develop meaningful comparable GAAP financial measures. These items include, but are not limited to, restructuring and impairment charges, acquisition-related costs, mark-to-market commodity hedging, and LIFO adjustments that are difficult to forecast for a GAAP estimate and may be significant.
The company's Investor Day event is open to investors and analysts attending either in person or virtually and will include a question-and-answer session following the prepared remarks.
Live Video Webcast and Conference Call
The live video event can be accessed here. In addition, a live audio broadcast will be available toll free by dialing 833-366-1128 in
Presentation materials will be available at least 15 minutes before the call on www.koppers.com in the Investor Relations section of the company's website.
An online archive of the webcast and presentation slides will be available after the conclusion of the event and will remain on the company's website for one year.
About Koppers
Koppers, with corporate headquarters in
For more information, visit: www.koppers.com. Inquiries from the media should be directed to Ms. Jessica Franklin Black at BlackJF@koppers.com or 412-227-2025. Inquiries from the investment community should be directed to Ms. Quynh McGuire at McGuireQT@koppers.com or 412-227-2049.
Safe Harbor Statement
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and may include, but are not limited to, statements about sales levels, acquisitions, restructuring, declines in the value of Koppers assets and the effect of any resulting impairment charges, profitability and anticipated expenses and cash outflows. All forward-looking statements involve risks and uncertainties.
All statements contained herein that are not clearly historical in nature are forward-looking, and words such as "outlook," "guidance," "forecast," "believe," "anticipate," "expect," "estimate," "may," "will," "should," "continue," "plan," "potential," "intend," "likely," or other similar words or phrases are generally intended to identify forward-looking statements. Any forward-looking statement contained herein, in other press releases, written statements or other documents filed with the Securities and Exchange Commission, or in Koppers communications and discussions with investors and analysts in the normal course of business through meetings, phone calls and conference calls, regarding future dividends, expectations with respect to sales, earnings, cash flows, operating efficiencies, restructurings, the benefits of acquisitions, divestitures, joint ventures or other matters as well as financings and debt reduction, are subject to known and unknown risks, uncertainties and contingencies.
Many of these risks, uncertainties and contingencies are beyond our control, and may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. Factors that might affect such forward-looking statements include, among other things, the impact of changes in commodity prices, such as oil and copper, on product margins; general economic and business conditions; disruption in the
For Information: | Quynh McGuire, Vice President, Investor Relations |
412 227 2049 | |
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SOURCE Koppers