KOP earnings analysis
What we found in KOP's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Koppers Holdings Inc. reported Q1 2026 results with total revenue of $455.3 million, slightly down 0.3% from $456.5 million in Q1 2025, while diluted EPS rose to $0.35 from a prior loss of $0.68. The company is navigating challenges in its RUPS and CMC segments, alongside a notable increase in free cash flow to $46.3 million from a deficit in the previous year, while outlining a strategic shift towards higher-margin businesses to enhance profitability in future periods.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Performance
- Revenue for Q1 2026 was $455.3 million, down 0.3% from $456.5 million in Q1 2025.
- EPS Recovery
- Diluted EPS was $0.35, a recovery from a loss of $0.68 in Q1 2025.
- Free Cash Flow Improvement
- Free cash flow increased significantly to $46.3 million from a negative $22.7 million in Q1 2025.
- Performance Chemicals Segment Growth
- The Performance Chemicals segment saw revenue increase by 17.5%, up to $142.1 million from $120.9 million in Q1 2025.
- Operating Cash Flow Recovery
- Net cash provided by operating activities improved to $46.3 million compared to net cash used of $22.7 million in the prior year.
- Adjusted EBITDA
- Total adjusted EBITDA decreased to $49.3 million from $55.5 million in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decline in Railroad and Utility Products
- RUPS segment revenue decreased by 6.4%, from $235 million in Q1 2025 to $220 million in Q1 2026.
- CMC Segment Revenue Downturn
- Carbon Materials and Chemicals segment revenue fell 7.4%, from $100.6 million in Q1 2025 to $93.2 million in Q1 2026.
- Profit Margin Pressure
- Cost of sales as a percentage of net sales increased to 81% in Q1 2026, from 77% in Q1 2025, due to higher raw material costs.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.35
- Gross margin
- 19%
- Operating margin
- 5.9%
- Segment
- Railroad and Utility Products
- Segment
- Performance Chemicals
- Segment
- Carbon Materials and Chemicals
What they said about what is next.
Management updated 2026 guidance for adjusted EPS to $3.80 to $4.60, down from the previous estimate.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 26, 2026
- Koppers reported FY2025 net sales of $1,879.3 million, down 10.2% from $2,092.1 million in 2024, while net income attributable to Koppers rose to $56.0 million (diluted EPS $2.74). Management is executing a multi-year…
- 10-Q · November 7, 2025
- Koppers reported Q3 net sales of $485.3 million, down $69.0 million (12.4%) versus Q3 2024, while diluted EPS of $1.21 met consensus. Gross margin expanded to 24.1% (up 2.2 percentage points year-over-year) and…
- 10-K · February 27, 2025
- Koppers Holdings Inc. has reported a decline in revenues for the year ended December 31, 2024, with total sales of $2.092 billion compared to $2.154 billion in 2023, a decrease of 2.9%. The company has faced challenges…
- 10-Q · November 8, 2024
- Koppers Holdings reported Q3 2024 results with net sales of $554.3 million, a slight increase of 0.7% from the prior year. The Railroad and Utility Products segment saw strong growth, while Performance Chemicals and…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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