Koppers Holdings reports Q4 adjusted EPS 70c vs. 77c last year

Reports Q4 revenue $432.7M vs. $477.0M last year. CEO Leroy Ball said, “We maintained our focus on aligning our cost structure with our evolving portfolio and made further progress in Q4, with two of our segments expanding margins despite lower sales. Our financial results reflect disciplined execution and tangible progress simplifying our portfolio, including the completion of our railroad structures business sale, as part of Catalyst, our company-wide transformation process. For the full year, Catalyst generated approximately $46M in benefits, largely offsetting lower profits driven by reduced market share and softer demand in some key business lines. I want to thank our global Koppers team for delivering solid financial performance despite a challenging market environment. I am particularly proud that the Koppers team achieved our best safety rates on record, while continuing to improve our sustainability metrics.”