secwatch.observer — SEC 8-K summary
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Issuer:     Koppers Holdings Inc. (KOP)
CIK:        0001315257
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0000950170-24-123708
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Koppers Q3 record sales $554.3M, adj. EPS $1.37; launches workforce reduction for ~90 employees
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- Q3 2024 sales $554.3M (record), +0.7% YoY; adjusted EPS $1.37 vs $1.32 YoY
- RUPS sales +6% to $248.1M; CMC sales -5.5% to $129.5M; PC sales -1.5% to $176.7M
- 2024 guidance: sales ~$2.1B, adj. EBITDA $270-275M, adj. EPS $4.25-4.45
- Launched workforce reduction; voluntary exit offered to ~90 employees; restructuring charges not yet quantified
- Pension termination targeted for Q1 2025 requiring ~$25M funding; cash flow guidance $100-125M

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1315257/000095017024123708/0000950170-24-123708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1315257/000095017024123708/kop-20241108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-123708

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