Koppers Holdings reports Q3 adjusted EPS $1.21 vs. $1.37 last year

Reports Q3 revenue $485.3M vs. $554.3M last year. CEo Leroy Ball said, “Our team’s continued discipline on controlling costs throughout the quarter – as driven by our Catalyst transformation process – led us to deliver operating performance in line with expectations. However, with the exception of our utility pole business, end market softness persisted in the third quarter as expected. Although a higher-than-expected effective tax rate impacted bottom-line results, we turned our profitability into strong free cash flow generation and meaningful debt reduction. In addition, we completed the sale of our Railroad Structures business in August, which further simplifies our business portfolio through the sale of a non-core business that has historically diluted our margins. This divestiture, coupled with other personnel actions taken over the past 17 months, has reduced our global employee count by 17% from the high in April 2024.”