secwatch.observer — SEC 8-K summary
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Issuer:     Koppers Holdings Inc. (KOP)
CIK:        0001315257
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0000950170-24-052494
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Koppers Q1 adj EPS $0.62 vs $1.12; rev $497.6M -3.1%; guides FY adj EBITDA $265-280M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1315257/000095017024052494/0000950170-24-052494-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1315257/000095017024052494/kop-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-052494

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer