NYSE$KOP

Koppers Holdings Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Reported a net loss but adjusted EPS increased year-over-year, with sales declining due to lower volumes and pricing.

Koppers reported a net loss of $10.2 million for Q4 2024, compared to a net income of $12.9 million in Q4 2023. However, adjusted EPS increased to $0.77 from $0.67 in the prior year quarter. Sales decreased by 7.1% to $477.0 million, primarily due to lower volumes and decreased prices across most products.

  • Fourth-quarter sales decreased to $477.0 million from $513.2 million in the prior year quarter.
  • Net loss attributable to Koppers was $10.2 million, or $0.50 per diluted share, compared to net income of $12.9 million, or $0.59 per diluted share in the prior year quarter.
  • Adjusted EPS increased to $0.77 per share from $0.67 per share in the prior year quarter.
  • Adjusted EBITDA increased to $55.2 million from $53.9 million in the prior year quarter.

Headline financials

Total Revenue

$477M

Previous: $513M-7.1%
EPS (adj)

$0.77

Previous: $0.67+14.9%
Adjusted EBITDA

$55.2M

Previous: $53.9M+2.4%
Adjusted EBITDA Margin

11.6%

No prior period
Capital Expenditures

$74M

No prior period
Net Income

-$10.2M

Previous: $13M-178.5%
Operating Income

$6.4M

Previous: $37.2M-82.8%
Gross Profit

$79.6M

Previous: $82.2M-3.2%

Revenue & EPS history

Koppers · Revenue · Quarterly

$477M

Q4 2024-7.1%vs Q4 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Koppers · $550M total across 3 segments · Q3 2023

  • Railroad & Utility Products
    $234M+12.7%
  • Performance Chemicals
    $179M+17.2%
  • Carbon Materials & Chemicals
    $137M-21.8%

Forward guidance

Koppers expects 2025 sales of approximately $2.17 billion and adjusted EBITDA of approximately $280 million. Adjusted EPS is forecasted to be $4.75 per share. Operating cash flow is expected to be approximately $150 million, and capital expenditures are anticipated to be approximately $65 million.

Tailwinds

  • Expected 2025 sales of approximately $2.17 billion, compared with $2.09 billion in 2024.
  • Adjusted EBITDA is anticipated to be approximately $280 million in 2025, compared with $261.6 million in 2024.
  • 2025 adjusted EPS is forecasted to be $4.75 per share, compared with $4.11 per share in 2024.
  • Koppers expects operating cash flow of approximately $150 million in 2025, compared with operating cash flow of $119.4 million in 2024.
  • Koppers anticipates capital expenditures of approximately $65 million in 2025, compared with $77.4 million in 2024.

Headwinds

  • Uncertainty associated with geopolitical and supply chain challenges.
  • Tariffs and their follow-on impacts could potentially benefit or hurt Koppers profitability on the scale of tens of millions of dollars.
  • Unpredictable economic and policy environment.
  • Potential negative impact from tariffs.
  • Company is doubling down on cost and efficiency benefits to buffer the unpredictability of the markets.

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 Q4 2024

Historical avgQ4 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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