NYSE$KOP
Koppers Holdings Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Koppers reported increased net income but decreased sales due to lower demand for carbon-related products.
Koppers Holdings Inc. reported a net income of $20.6 million for Q4 2019, compared to a net loss of $2.6 million in the prior year quarter. Consolidated sales were $393.2 million, a decrease of 7.6 percent from $425.4 million in the prior year quarter. The fourth quarter benefited from a one-time deferred tax benefit of $14.9 million related to a legal entity restructuring in the Netherlands.
- Net income attributable to Koppers in the fourth quarter was $20.6 million, compared with a net loss of $2.6 million in the prior year quarter.
- Diluted EPS was $0.96, compared with $(0.13) per share in the prior year quarter.
- Consolidated sales were $393.2 million for the fourth quarter of 2019, a decrease of $32.2 million, or 7.6 percent, from sales of $425.4 million in the prior year quarter.
- Operating profit was $24.3 million, or 6.2 percent, compared with $13.6 million, or 3.2 percent, in the prior year quarter.
Headline financials
Revenue & EPS history
Koppers · Revenue · Quarterly
$393M
Revenue by segment
Koppers · $393M total across 3 segments · Q4 2019
- Railroad & Utility Products$170M+3.2%43.1%
- Carbon Materials & Chemicals$119M-26.4%30.3%
- Performance Chemicals$105M+5.3%26.6%
Forward guidance
Koppers expects 2020 sales, excluding any sales generated from KJCC, will be approximately $1.7 billion. Excluding the contribution from KJCC that is currently under a sale agreement, on an adjusted basis, Koppers expects EBITDA will be approximately $200 million to $210 million for 2020. The 2020 adjusted EPS is forecasted to be in the range of $3.00 to $3.30.
Tailwinds
- Koppers expects that 2020 sales, excluding any sales generated from KJCC, will be approximately $1.7 billion.
- Additional actions have been identified which are anticipated to further improve profitability by $5 million to $10 million in 2020, and $25 million to $40 million on an annualized basis through 2024.
- Koppers expects EBITDA will be approximately $200 million to $210 million for 2020.
- Koppers plans to reduce debt by a minimum of $100 million in 2020.
- Koppers will continue to work with the buyer toward receiving regulatory approvals to ensure that the closing occurs within four to six months.
Headwinds
- The worldwide effects of the coronavirus remain a developing situation.
- The company’s outlook assumes that there will be no material negative impact from the coronavirus.
- The 2020 sales forecast is based upon market share growth anticipated in the RUPS and PC segments, partially offset by pricing and demand pressures for certain parts of the global CMC segment.
- The effective tax rate for adjusted net income in 2020 is projected to be approximately 32 percent, compared to the tax rate in 2019 of 26 percent.
- The expected higher tax rate in 2020 is estimated to have a negative impact on adjusted EPS of approximately $0.23 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 20 quarterly earnings reports · overlaid with Q4 2019
+0.1%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+1.7%
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 | +7.0% | +3.7% | -1.0% | |
| 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 2009 | +6.3% | — | — | |
| Q3 2010 | +6.3% | — | — | |
| Q2 2009 | -7.8% | — | — | |
| Q4 2009 | -7.8% | — | — | |
| Q2 2010 | -7.8% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro