Brief: Koppers Holdings Reports Q2 Adj Earnings Per Share $1.27 From Continuing Operations

Koppers Holdings

27/07/2020 13:45

July 27 (Reuters) - Koppers Holdings Inc  KOP.N :
    * REPORTS PRELIMINARY SECOND QUARTER 2020 RESULTS; PROVIDES
2020
OUTLOOK
    * Q2 SALES $436.6 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$415
MILLION
    * Q2 ADJUSTED EARNINGS PER SHARE $1.27 FROM CONTINUING
OPERATIONS
    * SEES FY 2020 SALES ABOUT $1.6 BILLION
    * SEES Q2 2020 SALES $437 MILLION
    * Q2 EARNINGS PER SHARE ESTIMATE $0.73 -- REFINITIV IBES
DATA
    * REDUCED TOTAL DEBT BY $46 MILLION AND NET DEBT BY $25
MILLION
DURING QUARTER
    * EXPECTS ADJUSTED EBITDA WILL BE ABOUT $190 MILLION TO $200
MILLION FOR 2020
    * CONTINUES TO ANTICIPATE INVESTMENTS OF $50 MILLION TO $60
MILLION IN CAPITAL EXPENDITURES IN 2020
    * PLANS TO REDUCE DEBT BY APPROXIMATELY $120 MILLION IN 2020
    * FY2020 REVENUE VIEW $1.62 BILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nPn1CqBqXa 
Further company coverage:  KOP.N 

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