Overview
Koppers Q3 sales fell 12.4% yr/yr, missing analyst expectations
Adjusted EPS for Q3 missed analyst expectations
Company completed sale of Railroad Structures business to simplify portfolio
Outlook
Koppers revises 2025 sales forecast to approximately $1.9 bln
Company tightens 2025 adjusted EBITDA forecast to $255 mln-$260 mln
Koppers expects 2025 adjusted EPS of $4.00-$4.15
Result Drivers
COST CONTROL - CEO Leroy Ball attributed operating performance to disciplined cost control measures under the Catalyst transformation process
UTILITY POLE GROWTH - Increased volumes in the domestic utility pole business contributed positively to results
PORTFOLIO SIMPLIFICATION - Sale of Railroad Structures business simplified portfolio and reduced employee count by 17%
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Miss | $485.30 mln | $514.57 mln (3 Analysts) |
Q3 Adjusted EPS | Miss | $1.21 | $1.25 (3 Analysts) |
Q3 EPS | $1.17 | ||
Q3 Net Income | $23.80 mln |
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commodity chemicals peer group is "buy."
Wall Street's median 12-month price target for Koppers Holdings Inc is $50.00, about 44.3% above its November 6 closing price of $27.84
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago
Press Release: ID:nPnkCsVYa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)