Brief: Koppers Holdings Reports Preliminary Third Quarter 2020 Results, Increases 2020 Outlook

Koppers Holdings

26/10/2020 12:05

Oct 26 (Reuters) - Koppers Holdings Inc  KOP.N :
    * . REPORTS PRELIMINARY THIRD QUARTER 2020 RESULTS;
INCREASES 2020
OUTLOOK
    * SEES FY 2020 ADJUSTED EARNINGS PER SHARE $3.65 TO $3.90
    * Q3 ADJUSTED EARNINGS PER SHARE $1.64 FROM CONTINUING
OPERATIONS
    * SEES FY 2020 SALES ABOUT $1.6 BILLION
    * Q3 SALES $437.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$425.8
MILLION
    * Q3 EARNINGS PER SHARE ESTIMATE $1.29 -- REFINITIV IBES
DATA
    * SEES Q3 2020 EARNINGS PER SHARE $1.83 FROM CONTINUING
OPERATIONS
    * Q3 PRELIMINARY EARNINGS PER SHARE $3.53
    * ANTICIPATES INVESTMENTS OF $55 MILLION TO $60 MILLION IN
CAPITAL
EXPENDITURES IN 2020

Source text for Eikon:  ID:nPn5SSY6a 
Further company coverage:  KOP.N 

 ((Reuters.Briefs@thomsonreuters.com;))