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KOP Koppers Holdings News Story

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Koppers Q3 sales down 12.4%, miss estimates

Overview

Koppers Q3 sales fell 12.4% yr/yr, missing analyst expectations

Adjusted EPS for Q3 missed analyst expectations

Company completed sale of Railroad Structures business to simplify portfolio

Outlook

Koppers revises 2025 sales forecast to approximately $1.9 bln

Company tightens 2025 adjusted EBITDA forecast to $255 mln-$260 mln

Koppers expects 2025 adjusted EPS of $4.00-$4.15

Result Drivers

COST CONTROL - CEO Leroy Ball attributed operating performance to disciplined cost control measures under the Catalyst transformation process

UTILITY POLE GROWTH - Increased volumes in the domestic utility pole business contributed positively to results

PORTFOLIO SIMPLIFICATION - Sale of Railroad Structures business simplified portfolio and reduced employee count by 17%

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 SalesMiss$485.30 mln$514.57 mln (3 Analysts)
Q3 Adjusted EPSMiss$1.21$1.25 (3 Analysts)
Q3 EPS$1.17
Q3 Net Income$23.80 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 $50.00, about 44.3% above its November 6 closing price of $27.84 The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago Press Release: ID:nPnkCsVYa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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.)

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