earnings
confidence high
sentiment negative
materiality 0.75
Koppers Q2 2022: record sales $502.5M, net income down to $0.55 EPS; declares dividend, new $800M credit facility
Koppers Holdings Inc.
2022-Q2 EPS reported
$1.42
revenue$961,800,000
- Net income $11.7M ($0.55 diluted EPS) vs $26.9M ($1.22) a year ago; adjusted EPS $0.97 vs $1.41.
- Record quarterly sales of $502.5M, up 14% YoY, driven by price increases across all segments.
- Segment: RUPS sales $204.2M (+4.5%), PC $149.6M (+2.7%), CMC $148.7M (+48.8%); PC margin fell on higher raw material costs.
- Dividend declared: $0.05/share, payable Sept 12, 2022 to holders of record Aug 26, 2022.
- New $800M revolving credit facility replaces prior $600M revolver and $100M term loan; reaffirms 2022 outlook: sales ~$2.0B, adj. EBITDA ~$230M, adj. EPS ~$4.10.