Koppers Holdings Inc. provides treated wood products, wood treatment chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC). The RUPS segment procures and treats crossties, switch ties, and various types of lumber used for railroad bridges and crossings. It also provides rail joint bars to join rails together for railroads; transmission and distribution poles for electric and telephone utilities; and pilings. This segment also provides railroad services, such as engineering, design, repair, and inspection services for railroad bridges. The PC segment develops, manufactures, and markets copper-based wood preservatives, including micronized copper azole, micronized pigments, alkaline copper quaternary, amine copper azole, and chromated copper arsenate for decking, fencing, utility poles, construction lumber and timbers, and various agricultural uses; water-based wood preservatives and wood specialty additives; and supplies fire-retardant chemicals for pressure treatment of wood primarily in commercial construction. The CMC segment manufactures creosote for use in the treatment of wood or as a feedstock in the production of carbon black; carbon pitch, a raw material used in the production of aluminum and steel; naphthalene for use as a feedstock in the production of phthalic anhydride and as a surfactant in the production of concrete; phthalic anhydride for the production of plasticizers, polyester resins, and alkyd paints; and carbon black feedstock for use in the production of carbon black. The company serves the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber, and construction industries. Koppers Holdings Inc. was founded in 1988 and is headquartered in Pittsburgh, Pennsylvania.
IPO Year: 2006
Exchange: NYSE
Website: koppers.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/13/2024 | $67.50 | Hold → Buy | Singular Research |
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Fifth Consecutive Year of Recognition and Highest Ranking Ever PITTSBURGH, Dec. 18, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP), an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds, has been named to America's Most Responsible Companies 2025 list by Newsweek magazine for the fifth consecutive year. Koppers achieved its highest placement ever, ranking No. 113 out of 600 finalists and No. 9 out of 56 in the Materials & Chemicals category. "Koppers is pleased to have once again earned a spot on this noteworthy list and i
Reduces Interest Rate Margins by 50 Basis Points PITTSBURGH, Dec. 17, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that the company successfully completed the repricing of its seven-year $495 million senior secured Term Loan B (TLB) due April 10, 2030. This transaction reduces the interest rate margins applicable to the TLB by 50 basis points, from 3.00% with a floor of 50 bps to 2.50% with a floor of 50 bps at adjusted Term SOFR Rate or adjusted Da
Expanded Role to Encompass Responsibilities for Sustainability, Zero Harm, Risk Management and Strategic Planning PITTSBURGH, Dec. 10, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced the election of Stephanie Apostolou as Chief Legal and Sustainability Officer and Secretary for Koppers, responsible for overseeing all aspects of the company's Legal, Sustainability, Zero Harm, Risk Management and Strategic Planning functions, in addition to coordinating matters relating to the Board of Directors.
Congratulates Leaders of Sustainability and Zero Harm PITTSBURGH, Dec. 9, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced the retirement of two senior leaders who, respectively, established sustainability and safety as central priorities of the company. Leslie Hyde, Senior Vice President and Chief Sustainability Officer, will retire effective March 31, 2025, and Joseph Dowd, Global Vice President Zero Harm, will retire effective February 28, 2025. Effective immediately, both will serve as Assistant to the CEO in order to help ensure a smooth transition.
Consistent with Strategy to Optimize Business Portfolio and Enhance Free Cash Flow PITTSBURGH, Dec. 5, 2024 /PRNewswire/ -- Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. (NYSE:KOP), today announced that the company will discontinue phthalic anhydride production at its facility in Stickney, Illinois, in 2025. The decision, affecting approximately 25 employees, was driven by significant near-term capital spending requirements that could not be economically justified by end-market projections. An ancillary benefit is an improvement in the site's environmental f
PITTSBURGH, Dec. 4, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP) today announced that the company will host meetings with the investment community as part of its participation in the upcoming Singular Research Conference, which will be held in San Francisco, on December 12, 2024. Koppers management will be represented by Bradley Pearce, Chief Accounting Officer, and Quynh McGuire, Vice President of Investor Relations. The presentation materials will be available on www.koppers.com in the Investor Relations section of the company's website. About Koppers Koppers (NYSE
PITTSBURGH, Nov. 26, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP) today announced that the company will host meetings with the investment community as part of its participation in the BofA Securities Leveraged Finance Conference, which will be in-person in Boca Raton, Florida, on December 3, 2024. Koppers management will be represented by Jimmi Sue Smith, Chief Financial Officer, and Quynh McGuire, Vice President of Investor Relations. In addition, the conference will feature a fireside chat with Ms. Smith at 8:10 a.m. Eastern Time, which will be broadcast live on www
Record Third Quarter Sales of $554.3 Million vs. $550.4 Million in Prior Year Quarter Third Quarter Diluted EPS of $1.09 vs. $1.22 in Prior Year Quarter Adjusted EPS of $1.37 vs. $1.32 in Prior Year Quarter PITTSBURGH, Nov. 8, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today reported net income attributable to Koppers for the third quarter of 2024 of $22.8 million, or $1.09 per diluted share, compared to $26.3 million, or $1.22 per diluted share, in the prior year quarter. The financial results in the current year quarter reflect the acquisition of Brown Wood Preserving Compan
PITTSBURGH, Nov. 7, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that its Board of Directors has declared a quarterly cash dividend of $0.07 per share of Koppers common stock. The dividend is payable on December 16, 2024, to shareholders of record as of the close of trading on November 29, 2024. Koppers expects to pay regular quarterly dividends, with future declarations subject to approval by its Board of Directors and the Board's determination th
PITTSBURGH, Oct. 25, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that the company plans to release its financial results for the third quarter of 2024 before the market opens on Friday, November 8, 2024, and discuss its outlook on a conference call later that day at 11:00 a.m. Eastern Time. Presentation materials will be available at least 15 minutes before the call on www.koppers.com in the Investor Relations section of the company's website. Inte
Singular Research upgraded Koppers Holdings from Hold to Buy and set a new price target of $67.50
Monness Crespi & Hardt reiterated coverage of Koppers Holdings with a rating of Buy and set a new price target of $45.00 from $40.00 previously
Barrington Research reiterated coverage of Koppers with a rating of Outperform and set a new price target of $41.00 from $35.00 previously
Monness Crespi & Hardt reiterated coverage of Koppers Holdings with a rating of Buy and set a new price target of $40.00 from $35.00 previously
PITTSBURGH, Feb. 13, 2024 /PRNewswire/ -- MSA Safety, Inc. (NYSE:MSA) today announced that Nish Vartanian, MSA Chairman and Chief Executive Officer, has been elected to the Board of Directors at Koppers Holdings, Inc. (NYSE:KOP). Koppers is a Pittsburgh-based integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds. "I am honored to join the Board of Koppers, a company whose values align closely with mine," Mr. Vartanian said. "It will be incredibly exciting to help the Board and Koppers leadership build upon their most recent accompl
Company Expands Board of Directors from Nine to Ten Members PITTSBURGH, Feb. 13, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that the company has increased the size of its Board of Directors from nine to ten members and has elected Nishan J. Vartanian as a director of the company, effective February 13, 2024. Mr. Vartanian currently serves as Chairman and Chief Executive Officer of MSA Safety Incorporated, global leader in the development, manufact
James Healey, Vice President, Utility and Industrial Products, to Retire at Year-End 2024, Jason Bakk Named Successor for Vice President, Utility and Industrial Products,Brett Johnston Named Successor for Vice President,North American Carbon Materials and Chemicals PITTSBURGH, Jan. 4, 2024 /PRNewswire/ -- Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. (NYSE:KOP), today announced a transition plan that will occur throughout 2024 for key leadership roles. The plan will culminate in the retirement of James Healey, Vice President, Utility and Industrial Products (UIP), effective December 31, 2024, after a 40-year career with the company. Mr. Healey will serve as Special Assista
PITTSBURGH, June 14, 2022 /PRNewswire/ -- Koppers Inc., a wholly owned subsidiary of Koppers Holdings Inc. (NYSE:KOP), today announced that Kevin Washington has joined the company as Vice President of External Affairs, effective June 13, 2022. In this role, Mr. Washington is responsible for managing relationships with federal, state and local government agencies, leading the company's legislative and regulatory public policy strategy, and engaging with local community and industry stakeholders. In addition, he will oversee and advance corporate communications objectives, which include brand management, internal and external communications and corporate giving.
PITTSBURGH, April 11, 2022 /PRNewswire/ -- Koppers Inc., a wholly owned subsidiary of Koppers Holdings Inc. (NYSE:KOP), today announced that Stephen Lucas will join the company as Vice President of Culture and Engagement, effective April 11, 2022. In this role, Mr. Lucas will lead all aspects of driving the organization's people-first culture by ensuring the recruitment, development and retention of top talent, advancing the organization's inclusion and diversity efforts, and finding new ways to enhance overall employee experience. Mr. Lucas most recently served as Global Div
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Fifth Consecutive Year of Recognition and Highest Ranking Ever PITTSBURGH, Dec. 18, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP), an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds, has been named to America's Most Responsible Companies 2025 list by Newsweek magazine for the fifth consecutive year. Koppers achieved its highest placement ever, ranking No. 113 out of 600 finalists and No. 9 out of 56 in the Materials & Chemicals category. "Koppers is pleased to have once again earned a spot on this noteworthy list and i
Reduces Interest Rate Margins by 50 Basis Points PITTSBURGH, Dec. 17, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that the company successfully completed the repricing of its seven-year $495 million senior secured Term Loan B (TLB) due April 10, 2030. This transaction reduces the interest rate margins applicable to the TLB by 50 basis points, from 3.00% with a floor of 50 bps to 2.50% with a floor of 50 bps at adjusted Term SOFR Rate or adjusted Da
Consistent with Strategy to Optimize Business Portfolio and Enhance Free Cash Flow PITTSBURGH, Dec. 5, 2024 /PRNewswire/ -- Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. (NYSE:KOP), today announced that the company will discontinue phthalic anhydride production at its facility in Stickney, Illinois, in 2025. The decision, affecting approximately 25 employees, was driven by significant near-term capital spending requirements that could not be economically justified by end-market projections. An ancillary benefit is an improvement in the site's environmental f
Record Third Quarter Sales of $554.3 Million vs. $550.4 Million in Prior Year Quarter Third Quarter Diluted EPS of $1.09 vs. $1.22 in Prior Year Quarter Adjusted EPS of $1.37 vs. $1.32 in Prior Year Quarter PITTSBURGH, Nov. 8, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today reported net income attributable to Koppers for the third quarter of 2024 of $22.8 million, or $1.09 per diluted share, compared to $26.3 million, or $1.22 per diluted share, in the prior year quarter. The financial results in the current year quarter reflect the acquisition of Brown Wood Preserving Compan
PITTSBURGH, Nov. 7, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that its Board of Directors has declared a quarterly cash dividend of $0.07 per share of Koppers common stock. The dividend is payable on December 16, 2024, to shareholders of record as of the close of trading on November 29, 2024. Koppers expects to pay regular quarterly dividends, with future declarations subject to approval by its Board of Directors and the Board's determination th
PITTSBURGH, Oct. 25, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that the company plans to release its financial results for the third quarter of 2024 before the market opens on Friday, November 8, 2024, and discuss its outlook on a conference call later that day at 11:00 a.m. Eastern Time. Presentation materials will be available at least 15 minutes before the call on www.koppers.com in the Investor Relations section of the company's website. Inte
Second Quarter Sales of $563.2 Million vs. $577.2 Million in Prior Year QuarterSecond Quarter Diluted EPS of $1.25 vs. $1.15 in Prior Year QuarterAdjusted EPS of $1.36 vs. $1.26 in Prior Year Quarter PITTSBURGH, Aug. 8, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today reported net income attributable to Koppers for the second quarter of 2024 of $26.8 million, or $1.25 per diluted share, compared to $24.5 million, or $1.15 per diluted share, in the prior year quarter. The financial results in the current year quarter reflect the acquisition of Brown Wood Preserving Company (Bro
PITTSBURGH, Aug. 8, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that its Board of Directors has declared a quarterly cash dividend of $0.07 per share of Koppers common stock. The dividend is payable on September 16, 2024, to shareholders of record as of the close of trading on August 30, 2024. Koppers expects to pay regular quarterly dividends, with future declarations subject to approval by its Board of Directors and the Board's determination tha
PITTSBURGH, July 25, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that the company plans to release its financial results for the second quarter of 2024 before the market opens on Thursday, August 8, 2024, and discuss its outlook on a conference call later that day at 11:00 a.m. Eastern Time. Presentation materials will be available at least 15 minutes before the call on www.koppers.com in the Investor Relations section of the company's website. In
Achieved 50% Greenhouse Gas Emissions (GHG) Goal Seven Years Ahead of Schedule PITTSBURGH, June 26, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE:KOP) today published its 2023 Corporate Sustainability Report (CSR). The report provides a detailed summary of the company's progress in carrying out its long-term Sustainability Plan, underpinned by its values of People, Planet, and Performance. Notable highlights from 2023 include: Accomplishing our 2030 goal of a 50% reduction in Scope 1 and Scope 2 greenhouse gas emissions (GHG), seven years ahead of schedule. Publishing Koppe