Nov 6, 8:13 AM ET
Koppers reported third-quarter 2026 net sales of $499.1 million, up 2.8% from a year earlier, but net income fell to $14.7 million and diluted EPS fell to $0.75 as raw material and logistics costs rose. The company also lowered its 2026 adjusted EPS and adjusted EBITDA forecasts while raising its free cash flow outlook. For shareholders, higher sales and strong year-to-date cash generation are offset by weaker earnings and a reduced profit forecast.
- Net sales rose 2.8% to $499.1 million, but net income fell to $14.7 million from $23.8 million and diluted EPS fell to $0.75 from $1.17.
- Adjusted EBITDA fell 18.2% to $58.0 million from $70.9 million, mainly due to higher raw material and logistics costs.
- 2026 adjusted EPS forecast was cut to $3.10-$3.25 from $3.80-$4.20; adjusted EBITDA forecast was cut to $220-$225 million from $240-$250 million.
- Free cash flow forecast was raised to $115-$135 million from $110-$130 million; year-to-date free cash flow was a record $92.0 million.
Read the filing on SEC.gov ↗
Aug 6, 8:14 AM ET
Koppers reported second quarter 2026 net sales of $520.1 million, up 3.0% from a year earlier, but a net loss of $147.5 million, driven by $215.8 million of impairment, restructuring and plant closure costs. Adjusted EPS fell to $1.37 from $1.48, and the company lowered the top end of its 2026 adjusted EPS guidance to $3.80 to $4.20 from $3.80 to $4.60, saying profitability will likely be toward the lower end of prior guidance.
- Net loss of $147.5 million, or $(7.71) diluted EPS, versus net income of $16.4 million, or $0.81 diluted EPS, in Q2 2025
- Adjusted EBITDA of $71.0 million versus $77.1 million; Performance Chemicals rose to $37.7 million from $28.7 million, while Carbon Materials and Chemicals fell to $7.6 million from $16.8 million
- 2026 adjusted EPS guidance of $3.80 to $4.20 versus prior $3.80 to $4.60; adjusted EBITDA guidance of $240 million to $250 million versus prior $240 million to $260 million
- Record year-to-date operating cash flow of $96.3 million and free cash flow of $72.6 million; $47.4 million returned to shareholders
Read the filing on SEC.gov ↗
May 11, 9:05 AM ET
Koppers Holdings Inc. said Eric D. Brenner, currently Senior Vice President and CFO of NOVA Chemicals, will become its Chief Financial Officer and Treasurer effective May 26, 2026. Interim CFO Bradley Pearce returns to his role as Chief Accounting Officer on the same date. The filing describes a change in the company's principal financial officer but reports no financial results.
- Brenner takes over from interim CFO Bradley Pearce effective May 26, 2026; Pearce returns to Chief Accounting Officer
- Base salary of $550,000 with a target annual cash incentive of 75 percent of base salary
- Target 2026 long-term incentive of 125 percent of base salary, rising to 140 percent in 2027
- Brenner has been CFO of NOVA Chemicals since September 2023 and was Acting CFO from May 2022 to September 2023
Read the filing on SEC.gov ↗
May 8, 9:10 AM ET
Koppers said it has made a conditional decision to discontinue distillation and chemical manufacturing at its Stickney, Illinois, facility, affecting about 85 employees and subject to union bargaining. The company expects pre-tax charges of $227 million to $262 million through 2029, and it reported first quarter 2026 results alongside revised 2026 adjusted EBITDA and adjusted EPS guidance.
- Stickney production expected to wind down by December 31, 2026; shift to Nyborg, Denmark tentatively targeted for Q4 2026
- Pre-tax charges of $227 million to $262 million through 2029, including $170 million to $195 million non-cash and $57 million to $67 million cash
- Q1 2026 net income of $7.1 million vs. a $13.9 million loss a year earlier; net sales of $455.3 million vs. $456.5 million; adjusted EPS of $0.57 vs. $0.71
- 2026 adjusted EBITDA guidance revised to $240 million to $260 million; adjusted EPS guidance of $3.80 to $4.60
Read the filing on SEC.gov ↗
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