Earnings ·
Koppers reports Q3 diluted EPS of $0.75, cuts full-year adjusted EBITDA guidance to $220-$225M
KOPKoppers Holdings Inc.
Koppers Holdings Inc. reported third-quarter net sales of $499.1 million and diluted earnings per share of $0.75, down from $1.17 in the prior year period. Adjusted EBITDA fell 18.2 percent to $58.0 million due to higher raw material and logistics costs that offset volume growth. The company generated record year-to-date operating cash flow of $126.9 million and free cash flow of $92.0 million. Koppers updated its full-year adjusted EBITDA guidance downward to a range of $220 million to $225 million, citing persistent margin pressures from elevated input costs and weaker end-market demand. The company operates as an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds.