Koppers Holdings reports Q2 adjusted EPS $1.48 vs. $1.36 last year

Reports Q2 revenue $504.8M vs. $563.2M last year. Chief Executive Officer Leroy Ball said, “I am extremely happy with our second quarter performance in every category other than top line revenue, where sluggish demand continued across all business segments. Our team’s amazing commitment to our transformation process, Catalyst, is already bearing fruit, as evidenced by our ability to offset the impact on profitability from the sales decline through various cost-saving actions. Our global employee base has declined for 14 consecutive months, representing an 11 percent drop from its high point in April 2024. The decision to exit our phthalic anhydride business has also showed early returns and contributed positively to our margins in the quarter. Finally, strong operating cash flow and lower capital expenditures enabled us to reduce debt and return capital to shareholders through share repurchases and quarterly dividends.”