Koppers Holdings Inc. reported a net loss for the 4Q 2017 of $14.8 million, or $0.71 per diluted share compared to net income of $6.4 million, or $0.30 per diluted share in the prior year quarter. Consolidated sales were $366.1 million for the 4Q 2017, an increase of $52.9 million, or 16.9%, from sales of $313.2 million in the prior year quarter, as the company said in the press release received by Lesprom Network.
Adjusted net income and adjusted earnings per share (EPS) were $9 million and $0.40 per share for the 4Q 2017 compared to $8.5 million and $0.40 per share in the prior year quarter, respectively.
Adjustments to pre-tax income totaled $18.1 million for the 4Q 2017 and $7.1 million for the 4Q 2016, and primarily consisted of restructuring expenses for both periods.
Koppers, with corporate headquarters in Pittsburgh, Pennsylvania, is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds.