Quarterly ResultAug 6, 2026, 08:18 AM
Koppers Q2 Net Loss $(147.5)M on Impairment; Sales Up 3%
AI Summary
Koppers Holdings Inc. reported a significant net loss of $(147.5) million for the second quarter of 2026, primarily due to $215.8 million in impairment, restructuring, and plant closure costs. Despite this, sales increased by 3.0% to $520.1 million, and the company achieved record year-to-date operating and free cash flow. Koppers is accelerating the closure of its CMC plant and updated its 2026 Adjusted EBITDA and Adjusted EPS forecasts to the lower end of previous guidance, citing continued market pressures and higher input costs.
Key Highlights
- Reported Q2 net loss of $(147.5) million, including $215.8 million in impairment and restructuring costs.
- Diluted EPS was $(7.71) compared to $0.81 in the prior year quarter.
- Adjusted EPS decreased to $1.37 from $1.48 year-over-year.
- Sales increased 3.0% to $520.1 million from $504.8 million in the prior year quarter.
- Adjusted EBITDA decreased 7.9% to $71.0 million from $77.1 million year-over-year.
- Achieved record year-to-date operating cash flow of $96.3 million and free cash flow of $72.6 million.
- Accelerating the closure of the Carbon Materials and Chemicals (CMC) plant in Stickney, Illinois.
- Updated 2026 Adjusted EBITDA forecast to $240-$250 million and Adjusted EPS to $3.80-$4.20.
Price Impact
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