Every material Form 8-K Koppers Holdings filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
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
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
Koppers reported fourth-quarter 2025 net sales of $432.7 million, down 9.3% from a year earlier, while net income attributable to Koppers rose to $29.7 million from a loss of $10.2 million. Adjusted EPS fell to $0.70 from $0.77 in the quarter and to $4.07 from $4.11 for the full year. The company forecast 2026 adjusted EPS of $4.20 to $5.00 and net sales of $1.9 billion to $2.0 billion.
Q4 2025 diluted EPS was $1.47 versus a loss of $(0.50) per share in Q4 2024.
Full-year 2025 net sales were $1.88 billion versus $2.09 billion in 2024; full-year diluted EPS was $2.74 versus $2.46.
2026 outlook calls for adjusted EBITDA of $250 million to $270 million, compared with $257 million in 2025.
In February 2026 the company decided to idle production at its Vance, Alabama and Florence, South Carolina facilities.
Koppers Holdings said CFO Jimmi Sue Smith retired effective January 5, 2026, and Chief Accounting Officer Bradley Pearce was elected by the board to serve as interim CFO and CAO while an external search for a permanent successor is conducted. The filing states the retirement was not the result of any disagreement or matter relating to financial statements, internal controls, operations, policies or practices. The change puts a leadership transition in the finance function, though no permanent successor has been named.
Jimmi Sue Smith retired as CFO effective January 5, 2026, and remains Treasurer and an advisor through February 28, 2026
Bradley Pearce, age 59 and CAO since May 2019, is interim CFO and CAO and the principal financial officer
Pearce's base salary rose to $400,000 effective January 1, 2026; target annual cash incentive increased from 40 percent to 60 percent of base salary
A transition agreement with Smith is under negotiation; the company will file an amendment once executed
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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