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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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August 15, 2014
14:21 EDTKOPKoppers completes Wood, Railroad acquisition from Osmoe, sees $12M in synergies
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August 7, 2014
17:04 EDTKOPKoppers Holdings names Michael Zugay as CFO
Koppers Holdings announced the appointment of Michael Zugay as CFO effective August 18. Zugay was Co-CEO and CFO for Michael Baker Corporation from 2012 to 2014 and was CFO for Michael Baker from 2009 to 2014. The CFO position for Koppers is currently held by Leroy Ball, who was elected COO for Koppers in May.
08:35 EDTKOPKoppers Holdings reports Q2 adjusted EPS 39c, consensus 61c
Reports Q2 revenue $356.8M, consensus $391.27M.

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