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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) 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.
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.
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