Koppers Holdings Inc. reported a slight increase in consolidated sales for Q4 2020, but net income attributable to Koppers decreased compared to the prior year quarter. The Performance Chemicals segment showed strong sales growth, while the Carbon Materials and Chemicals segment experienced a decrease. The company provided a 2021 outlook, expecting sales between $1.7 billion and $1.8 billion.
Consolidated sales increased by 2.9 percent to $393.1 million compared to the prior year quarter.
Net income attributable to Koppers was $18.6 million, compared to $20.6 million in the prior year quarter.
Adjusted EPS was $0.75, compared to $0.34 for the prior year period.
Performance Chemicals segment delivered strong sales growth, while Carbon Materials and Chemicals segment decreased.
Koppers expects 2021 sales to be approximately $1.7 billion to $1.8 billion and adjusted EBITDA to be approximately $215 million to $225 million.
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