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Dec 31, 2024
Koppers Q4 2024 Earnings Report
Reported a net loss but adjusted EPS increased year-over-year, with sales declining due to lower volumes and pricing.
Key Takeaways
Koppers reported a net loss of $10.2 million for Q4 2024, compared to a net income of $12.9 million in Q4 2023. However, adjusted EPS increased to $0.77 from $0.67 in the prior year quarter. Sales decreased by 7.1% to $477.0 million, primarily due to lower volumes and decreased prices across most products.
Fourth-quarter sales decreased to $477.0 million from $513.2 million in the prior year quarter.
Net loss attributable to Koppers was $10.2 million, or $0.50 per diluted share, compared to net income of $12.9 million, or $0.59 per diluted share in the prior year quarter.
Adjusted EPS increased to $0.77 per share from $0.67 per share in the prior year quarter.
Adjusted EBITDA increased to $55.2 million from $53.9 million in the prior year quarter.
Revenue by Segment
Forward Guidance
Koppers expects 2025 sales of approximately $2.17 billion and adjusted EBITDA of approximately $280 million. Adjusted EPS is forecasted to be $4.75 per share. Operating cash flow is expected to be approximately $150 million, and capital expenditures are anticipated to be approximately $65 million.
Positive Outlook
- Expected 2025 sales of approximately $2.17 billion, compared with $2.09 billion in 2024.
- Adjusted EBITDA is anticipated to be approximately $280 million in 2025, compared with $261.6 million in 2024.
- 2025 adjusted EPS is forecasted to be $4.75 per share, compared with $4.11 per share in 2024.
- Koppers expects operating cash flow of approximately $150 million in 2025, compared with operating cash flow of $119.4 million in 2024.
- Koppers anticipates capital expenditures of approximately $65 million in 2025, compared with $77.4 million in 2024.
Challenges Ahead
- Uncertainty associated with geopolitical and supply chain challenges.
- Tariffs and their follow-on impacts could potentially benefit or hurt Koppers profitability on the scale of tens of millions of dollars.
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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