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Mar 31, 2022
Koppers Q1 2022 Earnings Report
Reported record sales and overall first-quarter performance, demonstrating the ability to successfully navigate through rapid changes and economic uncertainties.
Key Takeaways
Koppers Holdings Inc. reported a strong first quarter in 2022, achieving record sales of $459.3 million, a 12.7% increase compared to the prior year quarter. Net income attributable to Koppers was $18.8 million, or $0.87 per diluted share, while adjusted EPS was $0.91. The Carbon Materials and Chemicals segment showed significantly higher sales and strong profitability, while the Performance Chemicals segment also delivered record first-quarter sales.
Koppers achieved record sales of $459.3 million in Q1 2022, a 12.7% increase year-over-year.
Net income attributable to Koppers was $18.8 million, or $0.87 per diluted share.
The Carbon Materials and Chemicals (CMC) segment generated significantly higher sales and strong profitability due to a favorable pricing environment.
The Performance Chemicals (PC) segment delivered record first-quarter sales, although profitability was impacted by higher raw material costs.
Revenue by Segment
Forward Guidance
Koppers expects 2022 sales of approximately $1.9 billion and adjusted EBITDA of approximately $230 million. Adjusted EPS is forecasted to be approximately $4.10.
Positive Outlook
- Strong economy
- Improved hardwood supply
- Ability to recapture higher costs from customers
- Balanced and diversified nature of business model
- Strategy of serving essential infrastructure markets
Challenges Ahead
- Ongoing uncertainty associated with geopolitical and supply chain challenges
- Higher estimated effective tax rate
- Higher anticipated interest expense deduction disallowances
- Mix of income from domestic and foreign subsidiaries
- Economic volatility
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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