other material
confidence high
sentiment positive
materiality 0.65
Koppers raises 2023 adjusted EBITDA guidance to $250M-$260M, EPS to $4.30-$4.60
Koppers Holdings Inc.
- Affirms 2023 sales ~$2.1B; adjusted EBITDA guidance raised to $250M-$260M, adjusted EPS to $4.30-$4.60 from $4.40.
- Cites volume strength in utility poles, wood preservatives, rail pricing actions, and better CM&C performance.
- Reiterates long-term target of $300M adjusted EBITDA by 2025.
- Hosts Investor Day in Chicago with CEO, CFO, COO, and CSO presenting strategic plan.
- Guidance increase reflects confidence in record quarterly results and progress on 2025 goals.