Koppers Third-Quarter Sales Rise 2.8% to $499.1 Million: Net Income Falls to $14.7 Million as Full-Year Adjusted EBITDA Guidance Is Cut to $220–$225 Million
PITTSBURGH, PENNSYLVANIA — Koppers Holdings Inc. (NYSE: KOP) on November 6 reported third quarter 2026 results: net sales of $499.1 million, up 2.8% from $485.3 million a year earlier; net income of $14.7 million, down from $23.8 million; diluted earnings per share of $0.75 and adjusted EPS of $0.77, against $1.17 and $1.21 a year earlier; and adjusted EBITDA of $58.0 million, down 18.2%.
By segment, Railroad and Utility Products and Services sales were $232.8 million, essentially flat; Performance Chemicals sales rose 11.9% to $161.5 million, which the company attributed to volume increases in residential and industrial wood preservatives; and Carbon Materials and Chemicals sales fell 3.2% to $104.8 million, with segment adjusted EBITDA dropping to $6.1 million from $15.6 million. Chief Executive Officer and Chair Leroy Ball said the third-quarter results reflect continued challenges in the macroeconomic environment.
Cash generation and guidance cut in opposite directions: operating cash flow for the first nine months was a record $126.9 million and free cash flow a record $92.0 million, with $56.2 million returned to shareholders and total debt reduced by $31.0 million. At the same time, Koppers set full-year 2026 sales guidance at about $1.9 billion and lowered adjusted EBITDA guidance to $220 million–$225 million, from $240 million–$250 million previously, with adjusted EPS guidance cut to $3.10–$3.25. The board had declared a quarterly cash dividend of $0.09 per share on November 4, payable December 14 to shareholders of record on November 27. Koppers is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds, headquartered in Pittsburgh.
Source: Koppers Holdings Inc
Published by GSM · USA (original Chinese edition)
Photo: 图：位于匹兹堡的Koppers大厦（资料照片）。图片来源：Wikimedia Commons（CC0）。 / Photo: The Koppers Building in Pittsburgh (file photo). Source: Wikimedia Commons (CC0).
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