Improved Adjusted EBITDA and Margin
Adjusted EBITDA for the first quarter was $55.5 million, up from $51.5 million in the prior year. The overall adjusted EBITDA margin improved to 12.2% from 10.3%, marking the strongest Q1 margin since 2021.
Reduction in SG&A Costs
The company reduced its SG&A costs by $4.1 million compared to Q1 2024, benefiting from a 5% reduction in the global employee base.
Recognition for Sustainability Efforts
Koppers was named to USA Today's list of America's Climate Leaders for the third consecutive year and received a Chemical Safety Excellence Award from CSX.
Strong Safety Performance
31 out of 41 facilities operated accident-free for the quarter, with certain international branches achieving zero recordable incidents.
Positive Developments in CMC Segment
Despite lower sales, the CMC segment reported improved profitability with adjusted EBITDA of $10 million compared to $4 million in the prior year due to cost reductions.