Koppers Holdings Inc.

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.

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.

Koppers Holdings Inc. announced the appointment of Eric D. Brenner as its new Chief Financial Officer and Treasurer, effective May 26, 2026. Mr. Brenner, previously SVP and CFO at NOVA Chemicals Corporation, will oversee global finance, accounting, budgeting, and investor relations. Bradley A. Pearce, who served as interim CFO, will transition back to his role as Chief Accounting Officer. CEO Leroy Ball expressed enthusiasm for Brenner's experience and expected contribution to shareholder value.

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.

Koppers Holdings Inc. announced a conditional decision to discontinue distillation and chemical manufacturing operations at its Stickney, Illinois facility by December 31, 2026, expecting pre-tax charges of $227 million to $262 million through 2029. This strategic move is projected to improve annual free cash flow by $15 million to $25 million and Adjusted EBITDA by $15 million to $20 million from 2027. Concurrently, the company reported Q1 2026 net income of $7.1 million and diluted EPS of $0.35, despite a slight dip in sales to $455.3 million. Shareholders also approved an amendment to the Employee Stock Purchase Plan, director elections, and executive compensation at the Annual Meeting.

Koppers Holdings Inc. filed an amendment to its November 5, 2025, Form 8-K. This amendment reports that on May 7, 2026, the Board of Directors appointed Laura J. Posadas to serve on its Audit Committee, Management Development and Compensation Committee, and Strategy and Risk Committee, effective immediately.