Koppers Holdings Q3 2024 10-Q Filed

TL;DR

Koppers Holdings filed its Q3 2024 10-Q, showing segment performance and financial details.

AI Summary

Koppers Holdings Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational segments, including Carbon Materials and Chemicals, Railroad and Utility Products and Services, and Performance Chemicals. Key financial data and segment information are presented for the third quarter and year-to-date periods of 2024 and 2023.

Why It Matters

This filing provides investors with an update on Koppers' financial health and operational performance, crucial for understanding the company's trajectory in the lumber and wood products sector.

Risk Assessment

Risk Level: medium — The filing contains standard financial disclosures for a public company, but the specific financial performance and market conditions detailed within could present medium-level investment risk.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
• 2024-11-08 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)

Key Players & Entities

• Koppers Holdings Inc. (company) — Filer of the 10-Q
• 2024-09-30 (date) — End of reporting period
• 2024-11-08 (date) — Filing date
• Carbon Materials and Chemicals (business_segment) — Operating segment mentioned
• Railroad and Utility Products and Services (business_segment) — Operating segment mentioned

FAQ

Key Financial Figures

• $0.01 — Act). Yes No Common Stock, par value $0.01 per share, outstanding at October 31, 2

Filing Documents

• kop-20240930.htm (10-Q) — 2104KB
• kop-ex31_1.htm (EX-31.1) — 14KB
• kop-ex31_2.htm (EX-31.2) — 14KB
• kop-ex32_1.htm (EX-32.1) — 9KB
• img66995271_0.jpg (GRAPHIC) — 5KB
• 0000950170-24-123804.txt ( ) — 10613KB
• kop-20240930.xsd (EX-101.SCH) — 1500KB
• kop-20240930_htm.xml (XML) — 2217KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS KOPPERS HOLDINGS INC. CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (Dollars in millions, except share and per share amounts) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net sales $ 554.3 $ 550.4 $ 1,615.1 $ 1,641.0 Cost of sales 433.1 439.0 1,276.1 1,313.0 Depreciation and amortization 17.9 14.3 52.2 42.7 Selling, general and administrative expenses 43.9 43.8 135.3 129.1 Loss (gain) on sale of assets 9.7 0.0 9.7 ( 1.8 ) Operating profit 49.7 53.3 141.8 158.0 Other income, net 0.1 0.2 0.1 0.2 Interest expense 20.2 19.0 57.9 53.3 Income before income taxes 29.6 34.5 84.0 104.9 Income tax expense 10.6 8.3 25.2 28.1 Net income 19.0 26.2 58.8 76.8 Net (loss) income attributable to noncontrolling interests ( 3.8 ) ( 0.1 ) ( 3.8 ) 0.5 Net income attributable to Koppers $ 22.8 $ 26.3 $ 62.6 $ 76.3 Earnings per common share attributable to Koppers common shareholders: Basic $ 1.12 $ 1.27 $ 3.01 $ 3.66 Diluted $ 1.09 $ 1.22 $ 2.92 $ 3.54 Weighted average shares outstanding (in thousands): Basic 20,409 20,828 20,790 20,838 Diluted 20,961 21,659 21,448 21,546 KOPPERS HOLDINGS INC. CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (Dollars in millions) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net income $ 19.0 $ 26.2 $ 58.8 $ 76.8 Changes in other comprehensive income (loss): Currency translation adjustment 13.8 ( 10.1 ) 0.4 ( 9.6 ) Cash flow hedges, net of tax of $ 3.0 , $( 0.6 ), $( 1.1 ) and $( 1.0 ) ( 7.5 ) 1.6 2.9 2.5 Pension adjustments, net

View Full Filing

View this 10-Q filing on SEC EDGAR