Koppers Holdings Inc. reports 4Q consolidated sales of $374.9 million

Feb 14, 2013. /Lesprom Network/. Koppers Holdings Inc. announced results for its fiscal 4Q 2012. Consolidated sales of $374.9 million for the 4Q 2012 were 2% or $5.9 million higher than sales of $369 million in the prior year quarter, as the company said in a press release received by Lesprom Network. Net income attributable to Koppers for the quarter ended December 31, 2012, was $13.6 million or $0.65 per diluted share as compared to a net loss attributable to Koppers of ($14.2) million or ($0.69) per diluted share in the 4Q 2011. Adjusted net income and adjusted earnings per share for the quarter ended December 31, 2012, were $13.9 million and $0.66 per share compared to $8.7 million and $0.42 per share in the prior year quarter after excluding $0.3 million of after-tax charges related to plant closure costs in the 4Q 2012. Adjusted EBITDA for the quarter ended December 31, 2012, was $33.6 million compared to $30.9 million in the 4Q 2011 after excluding $0.4 million of closure costs in the 4Q 2012 for our wood treating plant in Grenada, Mississippi and $19.4 million of losses from discontinued operations in the 4Q 2011. Consolidated sales of $1,555 million for the year ended December 31, 2012, were 6% or $88.8 million higher than prior year sales of $1,466.2 million. Net income attributable to Koppers and diluted earnings per share from continuing operations for the twelve months ended December 31, 2012, were $65.6 million and $3.14 per share, respectively as compared to net income attributable to Koppers of $36.9 million and $2.72 per diluted share from continuing operations for the year ended December 31, 2011. Adjusted net income and adjusted earnings per share were $68.7 million and $3.27 per share for the twelve months ended December 31, 2012, compared to $59.6 million and $2.86 per share for 2011 after excluding $2.2 million of after-tax charges and $0.8 million of tax expense for 2012. Adjusted EBITDA for the twelve months ended December 31, 2012, was $159.5 million compared to $149.4 million for the twelve months ended December 31, 2011, after excluding $2.8 million of plant closure costs in 2012 and $0.9 million of gains for the sale of technology in 2011, and excluding the impact of discontinued operations for both years. Commenting on the results, Walter W. Turner, president and CEO of Koppers, said, "Our 4Q results compared favorably to last year's 4Q and on an adjusted basis were the highest fourth quarter earnings in our history as a public company. We achieved significant earnings improvement for the year over our 2011 full year adjusted results despite the continued difficulties in Europe and the additional unexpected charges associated with a pitch tank leak in Australia and a plant outage in The Netherlands. Our global Railroad and Utility Products business enjoyed its best year ever with higher volumes of value added railroad products and utility poles. We continue to see headwinds through 2013 primarily in Europe; however, we are confident that we will achieve our fourth consecutive year of double-digit adjusted earnings growth." Koppers, with corporate headquarters and a research center in Pittsburgh, Pennsylvania, is a global integrated producer of carbon compounds and treated wood products. I