NYSE$KOP
Koppers Holdings Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Koppers reported record sales and strong CMC adjusted EBITDA performance, overcoming headwinds from a stronger U.S. dollar and an increased effective tax rate.
Koppers Holdings Inc. reported a strong third quarter with record sales of $536.1 million, a 26.2% increase compared to the prior year. Net income attributable to Koppers was $19.1 million, or $0.91 per diluted share, compared to $10.2 million, or $0.47 per diluted share in the prior year. The company's performance was driven by record sales in the RUPS and PC segments, and strong sales and profitability in the CMC segment.
- Koppers achieved record quarterly sales of $536.1 million, a 26.2% increase year-over-year.
- Net income attributable to Koppers increased to $19.1 million, or $0.91 per diluted share.
- The CMC business generated record quarterly results, driven by stronger pricing and operations improvements.
- Koppers reaffirms its 2022 outlook for sales of approximately $2.0 billion and adjusted EBITDA of approximately $230 million.
Headline financials
Revenue & EPS history
Koppers · Revenue · Quarterly
$536M
Revenue by segment
Koppers · $536M total across 3 segments · Q3 2022
- Railroad & Utility Products$208M+11.1%38.7%
- Carbon Materials & Chemicals$175M+42.9%32.7%
- Performance Chemicals$153M+32.9%28.6%
Forward guidance
Koppers expects 2022 sales of approximately $2.0 billion and adjusted EBITDA of approximately $230 million. The 2022 adjusted EPS is forecasted to be approximately $4.00.
Tailwinds
- Remain on track to finish this year with record sales and profitability
- On target to reach our $300 million adjusted EBITDA goal in 2025
- Continue to strengthen the competitive moat around our business
- The recent acquisition of crosstie supplier Gross & Janes
- Addition of DCOI to our product portfolio
Headwinds
- Global economic conditions
- Ongoing uncertainty associated with geopolitical
- Supply chain challenges
- Effective tax rate for adjusted net income is projected to be approximately 35 percent
- Higher tax rate anticipated in 2022 is estimated to have a negative impact on adjusted EPS of approximately $0.60 compared to the prior year
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2022
+0.1%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+1.8%
Avg return
30 days after
44%
30 / 68 earnings
Positive
+26.3%
Q3 2019
Best reaction
-30.0%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +6.9% | +3.6% | — | |
| Q4 2025 | +7.6% | +6.4% | +9.8% | |
| Q3 2025 | -4.0% | +2.6% | +0.6% | |
| Q1 2025 | +3.5% | +16.4% | +23.1% | |
| Q4 2024 | -9.4% | -13.5% | -13.6% | |
| Q3 2024 | -0.7% | -0.3% | -5.4% | |
| Q2 2024 | -1.0% | +4.1% | +3.7% | |
| Q1 2024 | -18.5% | -15.7% | -16.2% | |
| Q4 2023 | +6.8% | +0.0% | +4.1% | |
| Q3 2023 | -0.2% | +2.2% | +20.8% | |
| Q2 2023 | +2.5% | +2.2% | +5.3% | |
| Q1 2023 | +3.4% | +1.4% | +1.0% | |
| Q4 2022 | +4.5% | +9.3% | -0.5% | |
| Q3 2022 | +17.1% | +10.8% | +26.2% | |
| Q2 2022 | -1.7% | +0.8% | -6.6% | |
| Q1 2022 | -3.7% | -4.9% | +10.2% | |
| Q4 2021 | +3.5% | +4.3% | +3.0% | |
| Q3 2021 | -9.7% | -10.1% | -16.5% | |
| Q2 2021 | +0.8% | +6.2% | +10.0% | |
| Q1 2021 | +3.4% | -4.1% | -4.2% | |
| Q4 2020 | -6.9% | -5.9% | -4.9% | |
| Q3 2020 | +1.0% | +1.7% | +20.4% | |
| Q2 2020 | +2.4% | +3.9% | -7.8% | |
| Q1 2020 | +24.5% | +7.3% | +70.4% | |
| Q4 2019 | -7.3% | -16.9% | -68.0% | |
| Q3 2019 | +26.3% | +22.2% | +7.5% | |
| Q2 2019 | +16.7% | +21.2% | +11.6% | |
| Q1 2019 | +8.7% | +11.3% | -0.1% | |
| Q4 2018 | +8.0% | +8.3% | +5.7% | |
| Q3 2018 | -30.0% | -23.9% | -36.8% | |
| Q2 2018 | -7.1% | -7.5% | -9.2% | |
| Q1 2018 | -8.1% | -11.2% | -7.3% | |
| Q4 2017 | -2.7% | +0.2% | -1.0% | |
| Q3 2017 | +1.9% | +0.5% | +4.0% | |
| Q2 2017 | +10.5% | +8.5% | +12.6% | |
| Q1 2017 | -4.3% | -4.3% | -12.4% | |
| Q4 2016 | -2.3% | +0.5% | -5.4% | |
| Q3 2016 | -1.7% | +2.0% | +23.3% | |
| Q2 2016 | +8.7% | +7.7% | +10.1% | |
| Q1 2016 | +2.5% | — | — | |
| Q4 2015 | +6.3% | — | — | |
| Q3 2015 | +12.8% | — | — | |
| Q2 2015 | +8.8% | — | — | |
| Q1 2015 | +16.0% | — | — | |
| Q4 2014 | -13.5% | — | — | |
| Q3 2014 | -13.7% | — | — | |
| Q2 2014 | -6.2% | — | — | |
| Q1 2014 | -14.3% | — | — | |
| Q4 2013 | -1.5% | — | — | |
| Q3 2013 | +14.0% | — | — | |
| Q2 2013 | -1.3% | — | — | |
| Q1 2013 | -2.2% | — | — | |
| Q4 2012 | -3.2% | — | — | |
| Q3 2012 | -4.9% | — | — | |
| Q2 2012 | -9.2% | — | — | |
| Q1 2012 | -1.4% | — | — | |
| Q4 2011 | -0.6% | — | — | |
| Q1 2010 | -0.6% | — | — | |
| Q3 2011 | -0.5% | — | — | |
| Q2 2011 | -6.2% | — | — | |
| Q1 2011 | +2.7% | — | — | |
| Q4 2008 | -6.7% | — | — | |
| Q4 2010 | -6.7% | — | — | |
| Q3 2010 | +6.3% | — | — | |
| Q3 2009 | +6.3% | — | — | |
| Q2 2010 | -7.8% | — | — | |
| Q2 2009 | -7.8% | — | — | |
| Q4 2009 | -7.8% | — | — |
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