Koppers reported a record third quarter with sales of $554.3 million, a slight increase from the prior year. Diluted EPS was $1.09, while adjusted EPS was $1.37. The company reaffirmed its 2024 outlook, expecting continued growth and profitability.
Record third quarter sales of $554.3 million, up from $550.4 million in the prior year quarter.
Diluted EPS decreased to $1.09 compared to $1.22 in the prior year quarter.
Adjusted EPS increased to $1.37 compared to $1.32 in the prior year quarter.
The Railroad and Utility Products and Services (RUPS) business achieved record third-quarter sales.
Koppers expects 2024 sales of approximately $2.1 billion and adjusted EBITDA of approximately $270 million to $275 million. Adjusted EPS is forecasted to be in the range of $4.25 to $4.45 per share. Operating cash flows are expected to be approximately $100 million to $125 million.
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