Overview
Koppers Q2 sales fall 10.4% to $504.8 mln, missing analysts' expectations
Adjusted EPS rises 8.8% to $1.48, but misses estimates
Company revises 2025 sales forecast downward due to market challenges
Outlook
Koppers lowers 2025 sales forecast to $1.9 bln-$2.0 bln
Company lowers 2025 adjusted EBITDA guidance to $250 mln-$270 mln
Koppers maintains 2025 operating cash flow projection at $150 mln
Company expects adjusted EPS of $4.00-$4.60 for 2025
Result Drivers
SLUGGISH DEMAND - CEO Leroy Ball cites sluggish demand across all business segments as a key factor in sales decline
COST-SAVING ACTIONS - Koppers offset sales decline impact on profitability through cost-saving measures, according to CEO Leroy Ball
BUSINESS EXIT - Positive margin contribution from exiting phthalic anhydride business, per CEO Leroy Ball
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$504.80 mln
$552.90 mln (3 Analysts)
Q2 Adjusted EPS
Miss
$1.48
$1.51 (3 Analysts)
Q2 EPS
$0.81
Q2 Net Income
$16.40 mln
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commodity chemicals peer group is "buy."
Wall Street's median 12-month price target for Koppers Holdings Inc is $55.00, about 39.5% above its August 7 closing price of $33.27
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago
Press Release: ID:nPn8vVQfsa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)