Koppers Holdings Inc. reported net income for the 2Q 2019 of$14.7 million, or$0.70per diluted share compared to net income of$0.6 million, or$0.03per diluted share in the prior year quarter.
Adjusted net income and adjusted earnings per share (EPS) were$24.5 millionand$1.16per share for the 2Q 2019, compared to$20.5 millionand$0.93per share in the prior year quarter, respectively.
Net income and earnings per share, reported and adjusted, benefited from higher profitability generated by the company's wood-preservation businesses as well as lower overall selling, general and administrative expenses.
Consolidated sales were$469.8 millionfor the 2Q 2019, an increase of$33.8 million, or 7.8%, from sales of$436 millionin the prior year quarter.This represented a record sales quarter, driven by continued demand in various end markets for wood-preservation products and services.
Koppers, with corporate headquarters inPittsburgh, Pennsylvania, is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds.
