earnings
confidence high
sentiment positive
materiality 0.80
Koppers reports record Q4 sales of $513.2M; FY 2023 record sales $2.15B; guides 2024 adj. EBITDA ~$275M
Koppers Holdings Inc.
2023-FY EPS reported
$4.14
revenue$2,154,200,000
- Q4 sales $513.2M (+6.3% YoY); net income $12.9M ($0.59 diluted EPS) vs $13.8M ($0.65) prior year.
- Full-year record sales $2.15B (+8.8%); record adj. EBITDA $256.4M (+12.4%); operating cash flow record $146.1M.
- RUPS & PC segments drove growth; CMC adj. EBITDA fell to $3.8M from $21.2M on lower carbon prices.
- 2024 guidance: sales ~$2.25B, adj. EBITDA ~$275M, adj. EPS $4.60-$4.80; expects softer Q1 then improvement.
- Company targeting U.S. pension plan termination in Q4 2024 requiring ~$25M funding.