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Stock Market & Financial Investment News

News Breaks
May 5, 2014
08:46 EDTKOPKoppers Holdings reports Q1 adjusted EPS 32c, consensus 54c
Reports Q1 revenue $331.4M, consensus $380.87M. Sales for Carbon Materials and Chemicals totaling $202.6M decreased by 12%, or $27.9M compared to the prior year quarter while sales for Railroad and Utility Products and Services, or RUPS, of $128.8M decreased by 8% or $11.1M compared to $139.9M in the prior year quarter. Sales for CMC decreased due mainly to lower sales volumes and prices for carbon pitch and distillates and lower sales prices for phthalic anhydride, which more than offset higher sales prices for naphthalene. The decrease in sales for RUPS was driven by lower sales volumes for untreated railroad crossties as a result of competition for hardwood lumber from other markets combined with unfavorable weather conditions for logging operations.
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July 15, 2014
16:37 EDTKOPKoppers Holdings to apply for environmental permits for naphthalene unit
Koppers Holdings announced that it will be applying for various environmental permits as it investigates the possibility of consolidating its North American tar distillation operations. The Company emphasized that any decision concerning this matter was tentative, and would only become finalized after further exploration and discussion with all potentially affected employees and union representatives. If a decision is actually made to move forward, it is possible that a new naphthalene unit could be operational at Stickney in early 2016.

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