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…
Earnings analysis · 10-Q
KOP earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.35
- Segment
- Railroad and Utility Products
- Segment
- Performance Chemicals
- Segment
- Carbon Materials and Chemicals
What stood out
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Revenue Performance
Revenue for Q1 2026 was $455.3 million, down 0.3% from $456.5 million in Q1 2025.
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EPS Recovery
Diluted EPS was $0.35, a recovery from a loss of $0.68 in Q1 2025.
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Free Cash Flow Improvement
Free cash flow increased significantly to $46.3 million from a negative $22.7 million in Q1 2025.
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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.
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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.
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Adjusted EBITDA
Total adjusted EBITDA decreased to $49.3 million from $55.5 million in Q1 2025.
What to watch
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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.
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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.
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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.
Management's outlook
Management updated 2026 guidance for adjusted EPS to $3.80 to $4.60, down from the previous estimate.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.