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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.
News For KOP From The Last 14 Days
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April 16, 2015
08:43 EDTKOPKoppers Holdings announces contract extensions with CSX, BNSF
Koppers, a wholly-owned subsidiary of Koppers Holdings (KOP), announced that it has agreed to contract extensions with each of its two largest railroad customers, BNSF Railway and CSX Transportation (CSX). Koppers combined revenues from BNSF and CSX accounted for approximately 40% of 2014 railroad-related sales for Koppers. The agreements extend the contracts to 2021 from the previous 2017 expirations and include commitments for Koppers to provide crossties as well as related products and services to BNSF and CSX through the respective contract periods.

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