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Sep 30, 2024
Koppers Q3 2024 Earnings Report
Reported record third quarter sales and reaffirmed 2024 outlook.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
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.
Positive Outlook
- Expected sales of approximately $2.1 billion.
- Adjusted EBITDA anticipated to be approximately $270 million to $275 million.
- Adjusted EPS forecasted to be in the range of $4.25 to $4.45 per share.
- Operating cash flows of approximately $100 million to $125 million.
- Streamlining organization to support an increasingly cost-conscious customer base.
Challenges Ahead
- Ongoing uncertainty associated with geopolitical and supply chain challenges.
- Intensely competitive environment.
- An estimated $25 million of funding will be required when the pension plan is completed, which will impact operating cash flow in 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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