Koppers Holdings Inc. reports 15.3% increase in 2Q sales

Posted August 10, 2018
Koppers Holdings Inc. reported net income for the 2Q 2018 of $0.6 million, or $0.03 per diluted share compared to net income of $19.7 million, or $0.90 per diluted share in the prior year quarter. Consolidated sales were $436 million for the 2Q 2018, an increase of $58 million, or 15.3%, from sales of $378 million in the prior year quarter, as the company said in the press release received by Lesprom Network.

Operating profit was $22.3 million, or 5.1%, compared with $38.1 million, or 10.1%, in the prior year quarter. Adjusted EBITDA was $55.3 million, or 12.7%, compared with $55.7 million, or 14.7%, in the prior year quarter.

President and CEO Leroy Ball said, "The 2Q reflected mixed results as continued strength in our CMC markets came close to offsetting the raw material and operating cost headwinds in our PC business. At the same time, contributions from recent acquisitions backfilled the continued year-over-year adjusted EBITDA decline in our legacy RUPS business. Looking ahead, we expect the second half to benefit from several pending opportunities and we continue to project that 2018 will be our most profitable year yet. I believe we are positioned to create value for our customers through the extended vertical integration of our operations as well as through our expertise in wood-treatment technologies."

Koppers Holdings Inc. is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds.

+7 499 6535608
Ordzhonikidze, 11 109028 Moscow, Russia


Topics: Finance

Comments

To like this you need to register.
To do this, enter your name and email address.
Name:
Surname:
E-mail:
Sex:
If you are already registered
please enter your details here
To leave comments you need to register.
To do this, enter your name and email address.
Name:
Surname:
E-mail:
Sex:
If you are already registered
please enter your details here
We welcome comments that advance the story through relevant opinion and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Lesprom Network. For more information on our comment policy, see: https://www.lesprom.com/legal/comment_policy/
Back to top