Welcome to our dedicated page for Koppers Holdings news (Ticker: KOP), a resource for investors and traders seeking the latest updates and insights on Koppers Holdings stock.
Koppers Holdings, Inc. (NYSE: KOP), headquartered in Pittsburgh, Pennsylvania, is a leading global provider of wood preservation technology. Specializing in creating safe and environmentally responsible solutions, Koppers addresses critical challenges across various industries. The company operates through three primary segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).
With a diversified product portfolio, Koppers offers treated and untreated wood products, wood treatment chemicals, and carbon compounds. Major products include treated wood crossties for railroads, wood preservation chemicals, and creosote for wood treatment. These products serve niche applications in markets such as railroad, aluminum and steel, agriculture, utilities, residential lumber, and construction.
Koppers' extensive global manufacturing and distribution network spans North America, South America, Australasia, China, and Europe, employing over 2,100 people worldwide. The company is committed to a zero-harm culture, prioritizing the safety of its employees, communities, and the environment. As a member of the American Chemistry Council, Koppers adheres to the Responsible Care® initiative, ensuring sustainable practices across its operations.
Financially, Koppers has shown resilient performance. In the fourth quarter of 2023, the company reported a net income of $12.9 million with consolidated sales rising by 6.3% to $513.2 million. The RUPS segment achieved record sales due to increased demand for crossties, while the PC segment benefited from global pricing initiatives and higher volumes. Despite challenges in the CMC segment, Koppers remains optimistic about future growth, projecting 2024 sales to reach approximately $2.25 billion.
Recent strategic initiatives include the acquisition of Brown Wood Preserving Company for $100 million, aimed at expanding Koppers' utility pole business. The company has also inaugurated a new facility in Leesville, Louisiana, enhancing its operational footprint and supply chain efficiencies. This facility supports Koppers' goal to meet rising infrastructure demands in the U.S.
Looking forward, Koppers aims to continue optimizing its business operations and pursuing both organic and inorganic growth opportunities. The company's commitment to innovation and sustainability positions it well for long-term success.
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.
Koppers Holdings Inc. (NYSE: KOP) has announced plans to engage with the investment community in Ohio on August 28 and 29, 2024. The meetings will take place in Cleveland, Columbus, and Cincinnati. Representing Koppers management will be Bradley Pearce, Chief Accounting Officer, and Quynh McGuire, Vice President of Investor Relations.
Investors and interested parties can access presentation materials on the company's website, www.koppers.com, in the Investor Relations section. These meetings provide an opportunity for Koppers to communicate directly with financial analysts and investors, potentially discussing company performance, strategies, and future outlook.
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.
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