--- schema_version: "secwatch.filing_event.v1" accession: "0000950170-24-052494" form_type: "8-K" ticker: "KOP" cik: "0001315257" company_name: "Koppers Holdings Inc." filed_at: "2024-05-03T23:59:59+00:00" generated_at: "2026-06-02T22:59:55.858154+00:00" event_type: "earnings" sentiment: "negative" materiality_score: 0.8 calibrated_materiality_score: 0.8 confidence: "high" source: SEC EDGAR --- # Koppers Q1 adj EPS $0.62 vs $1.12; rev $497.6M -3.1%; guides FY adj EBITDA $265-280M ## Summary - Diluted EPS $0.59 (adj $0.62) vs $1.19 ($1.12 adj) YoY; net income $13.0M vs $25.5M. - Consolidated sales $497.6M, down 3.1% YoY; RUPS and PC growth offset by CMC sales -20.2% and EBITDA $4.0M vs $19.4M. - Completed acquisition of Brown Wood Preserving on Apr 1, 2024, included in 2024 guidance. - FY 2024 outlook: sales ~$2.25B, adj EBITDA $265-280M, adj EPS $4.10-4.60, operating CF ~$150M, capex $80-90M. - CEO cautious on H2 2024 due to CMC headwinds and customer inventory adjustments; long-term EBITDA target $315-325M. ## SEC filing metadata - accession: 0000950170-24-052494 - form_type: 8-K - ticker: KOP - cik: 0001315257 - company_name: Koppers Holdings Inc. - filed_at: 2024-05-03T23:59:59+00:00 - event_type: earnings - sentiment: negative - materiality_score: 0.8 - calibrated_materiality_score: 0.8 - confidence: high - sec_items: 2.02, 5.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1315257/000095017024052494/0000950170-24-052494-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1315257/000095017024052494/kop-20240502.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950170-24-052494 - JSON: https://secwatch.observer/filing/0000950170-24-052494.json - Plain text: https://secwatch.observer/filing/0000950170-24-052494.txt ## Key facts - Earnings Releases Koppers Holdings Inc. reported first quarter of 2024 results: revenue $497.6 million, net income $13.0 million, EPS $0.59 per diluted share. Guidance reaffirmed. - Period: first quarter of 2024 - Revenue: $497.6 million - Net income: $13.0 million - EPS: $0.59 per diluted share - Guidance: reaffirmed - Result: reported results source text: McGuireQT@koppers.com Koppers Reports First Quarter 2024 Results; Provides Updated 2024 Outlook Completed Acquisition of Brown Wood Preserving Company First Quarter Sales of $497.6 Million vs. $513.4 Million in Prior Year Quarter First Quarter Diluted EPS of $0.59 vs. $1.19 in Prior Year Quarter Adjusted EPS of $0.62 vs. $1.12 in Prior Year Quarter PITTSBURGH, May evidence_url: https://www.sec.gov/Archives/edgar/data/1315257/000095017024052494/0000950170-24-052494-index.htm - Governance Changes Koppers Holdings Inc.: Bylaws amended to add Section 5.10 allowing exculpation of officers from monetary damages under certain conditions, effective May 2, 2024 (effective 2024-05-02). - Change: bylaw amendment - Effective: 2024-05-02 source text: As a result of the shareholders' approval of the Officer Exculpation Proposal, effective May 2, 2024, the Bylaws were amended to add Section 5.10, which provides that our officers shall not be personally liable, as such, for monetary damages for any action taken, or any failure to take any action, unless (i) the officer has breached or failed to perform the duties of an officer under Subchapter C of Chapter 17 of the Pennsylvania Associations Code of 1988, and (ii) the breach or failure to perform constitutes self-dealing, willful misconduct or recklessness. evidence_url: https://www.sec.gov/Archives/edgar/data/1315257/000095017024052494/0000950170-24-052494-index.htm - Shareholder Votes Koppers Holdings Inc. shareholders approved Advisory Resolution to Approve Named Executive Officer Compensation at the 2024-05-02 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2024-05-02 source text: Advisory Resolution to Approve Named Executive Officer Compensation : The advisory resolution approving the compensation of our named executive officers as disclosed in the Notice of Annual Meeting and Proxy Statement for the 2024 Annual Meeting was approved. evidence_url: https://www.sec.gov/Archives/edgar/data/1315257/000095017024052494/0000950170-24-052494-index.htm - Shareholder Votes Koppers Holdings Inc. shareholders approved Election of ten directors at the 2024-05-02 meeting. - Proposal: director election - Outcome: passed - Meeting: 2024-05-02 source text: Election of Directors : Nominations of Leroy M. Ball, Xudong Feng, Ph.D., Traci L. Jensen, David L. Motley, Albert J. Neupaver, Andrew D. Sandifer, Louis L. Testoni, Stephen R. Tritch, Nishan J. Vartanian and Sonja M. Wilkerson to serve as directors for one-year terms expiring in 2025 were considered, and all nominees were elected. evidence_url: https://www.sec.gov/Archives/edgar/data/1315257/000095017024052494/0000950170-24-052494-index.htm - Shareholder Votes Koppers Holdings Inc. shareholders approved Amendment to the Bylaws to Allow for Exculpation of Officers at the 2024-05-02 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2024-05-02 source text: Amendment to the Bylaws to Allow for Exculpation of Officers : The proposal to adopt an amendment to the Bylaws to allow for exculpation of officers as permitted by Pennsylvania law was approved. evidence_url: https://www.sec.gov/Archives/edgar/data/1315257/000095017024052494/0000950170-24-052494-index.htm - Shareholder Votes Koppers Holdings Inc. shareholders approved Ratification of Appointment of KPMG LLP at the 2024-05-02 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2024-05-02 source text: Ratification of Appointment of KPMG LLP : The Audit Committee of our Board of Directors appointed KPMG LLP as our independent registered public accounting firm for the year 2024. The final voting results to ratify the appointment of KPMG LLP are as follows: For Against Abstain 19,671,453 265,015 56,050 There were no broker non-votes with respect to this matter. evidence_url: https://www.sec.gov/Archives/edgar/data/1315257/000095017024052494/0000950170-24-052494-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.