Koppers Q1 Net Income $7.1M, EPS $0.35; Restructuring Continues
Koppers Holdings Inc. reported a net income of $7.1 million, or $0.35 diluted earnings per share, for the first quarter of 2026, a significant improvement from a net loss of $13.9 million, or $0.68 diluted EPS, in the prior year. Net sales slightly decreased to $455.3 million from $456.5 million year-over-year, while operating profit declined to $22.0 million from $27.0 million. The company continued its restructuring efforts, including the completion of the KCCC liquidation, which generated a $4 million non-cash gain, and announced plans to idle two facilities in Vance, Alabama, and Florence, South Carolina to optimize operations. Net cash provided by operating activities significantly improved to $46.3 million from a net use of $22.7 million in Q1 2025.
Key Highlights
- Net income improved to $7.1M from a $(13.9)M loss in Q1 2025.
- Diluted EPS rose to $0.35 from $(0.68) in Q1 2025.
- Net sales slightly decreased to $455.3M from $456.5M YoY.
- Operating profit declined to $22.0M from $27.0M YoY.
- Net cash from operating activities was $46.3M, up from $(22.7)M in Q1 2025.
- Announced plans to idle two facilities (Vance, AL and Florence, SC).
- Declared a quarterly dividend of $0.09 per common share.