secwatch.observer — SEC 8-K summary
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Issuer:     Koppers Holdings Inc. (KOP)
CIK:        0001315257
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0000950170-24-021675
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Koppers reports record Q4 sales of $513.2M; FY 2023 record sales $2.15B; guides 2024 adj. EBITDA ~$275M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1315257/000095017024021675/0000950170-24-021675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1315257/000095017024021675/kop-20240228.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-021675

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