Quarterly ResultAug 6, 2026, 12:16 PM
Koppers Reports Q2 Net Loss of $147.5M Due to Restructuring
AI Summary
Koppers Holdings Inc. reported a significant net loss of $(147.5) million for the second quarter of 2026, or $(7.71) per basic share, primarily due to $215.8 million in impairment and restructuring charges. These charges stem from the decision to discontinue operations at its Stickney, Illinois facility and plans to idle two other facilities. Despite the loss, net sales for the quarter increased to $520.1 million, and the company declared a quarterly dividend of $0.09 per common share.
Key Highlights
- Net loss for Q2 2026 was $(147.5) million, compared to net income of $16.4 million in Q2 2025.
- Basic loss per common share for Q2 2026 was $(7.71), down from $0.83 earnings per share in Q2 2025.
- Impairment and restructuring charges totaled $215.8 million in Q2 2026, primarily from the Stickney facility shutdown.
- Koppers decided to discontinue distillation and chemical manufacturing operations at its Stickney, Illinois facility by December 2026.
- The company plans to idle its Utility and Industrial Products facility in Vance, Alabama, and Railroad Products and Services facility in Florence, South Carolina.
- Net sales for Q2 2026 increased to $520.1 million from $504.8 million in Q2 2025.
- Performance Chemicals segment sales rose to $168.2 million in Q2 2026 from $150.8 million in Q2 2025.
- A quarterly dividend of $0.09 per common share was declared, payable September 14, 2026.
Price Impact
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