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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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