Koppers Holdings reports Q1 adjusted EPS 71c vs. 62c last year

Reports Q1 revenue $456.6M vs.$497.6M last year. CEO Leroy Ball said, “While volumes got off to a soft start to begin the year, the early returns from our cost reduction measures more than offset the impact from lower sales. Better pricing and lower costs in our Railroad and Utility Products and Services segment and better overall operating performance and lower costs in our Carbon Materials and Chemicals business more than offset the negative impact from lower sales volumes in Performance Chemicals. The result was one of our stronger first quarters from a profitability perspective, specifically RUPS and CMC, which is a positive sign of the potential for even greater improvement when demand improves from the current lower run rate.”