Koppers Holdings: Gains on upbeat Q3 adjusted EPS forecast

Koppers Holdings

22/09/2020 16:12

** Wood preservation products maker's  KOP.N  shares rise 4%
to $21.52 
    ** Company forecast Q3 adjusted EPS to be between $1.25
and$1.35, above estimates of $1.08 per share, per Refinitiv data
    ** Also expects FY2020 adjusted EPS forecast to between
$3.25 and $3.50, compared to a previous outlook of $3.10-$3.50
 urn:newsml:reuters.com:*:nPn4SqTFsa
    ** Analysts, on average, expects an adjusted EPS of $3.25,
according to IBES estimates
    ** We believe that we are on track to deliver the highest Q3
adjusted EBITDA of all time and to have our net leverage
trending in a positive direction - CEO
    ** Performance chemicals sales for August grew 3.6% from
last year, primarily due to ongoing strong demand in the United
States for residential treated lumber 
    ** Stock down ~44% YTD 

 (Reporting by C Nivedita in Bengaluru)
 ((C.Nivedita@thomsonreuters.com;))