Core Viewpoint - Koppers Holdings Inc. has successfully repriced its seven-year $495 million senior secured Term Loan B, reducing the interest rate margin from 3% to 2.5%, which is part of its strategy to optimize capital structure and lower interest expenses while maintaining leverage and maturity date [1][2]. Financial Performance and Projections - Koppers anticipates sales for 2024 to be approximately $2.1 billion, considering the competitive landscape and global economic conditions [4] - The company expects adjusted EBITDA for 2024 to be in the range of $270-$275 million, including the acquisition of Brown Wood [4] - Projected adjusted earnings per share for 2024 are estimated to be between $4.25 and $4.45 [4] - Capital expenditures for the year are expected to be around $80 million, with operating cash flows estimated at $100-$125 million, excluding any impact from pension termination [4] Market Performance - Koppers' shares have declined by 37.2% over the past year, contrasting with an 8.8% decline in the Zacks Chemicals Diversified industry [3] - The company currently holds a Zacks Rank 3 (Hold), indicating a neutral outlook compared to better-ranked stocks in the basic materials sector [5]

Core Points - Koppers Holdings Inc. has been recognized for the fifth consecutive year on Newsweek's America's Most Responsible Companies 2025 list, achieving its highest ranking at No. 113 out of 600 finalists and No. 9 in the Materials & Chemicals category [1][2] Company Achievements - Koppers achieved a 50% reduction in scope 1 and scope 2 greenhouse gas emissions against a 2007 baseline, seven years ahead of schedule [2] - The company recorded its lowest Total Recordable Injury Rate of 2.67 since 2018 [2] - Koppers introduced a penflufen-based preservative, a patented wood protection technology, marking a significant innovation in extending the life of treated wood [2] - The company updated its materiality assessment in line with the new 2021 GRI standards and published a report on the Taskforce on Climate-Related Financial Disclosures (TCFD) [2] Evaluation Criteria - The recognition was based on environmental, social, and corporate governance information, with scores derived from 30 publicly reported key performance indicators and a reputation survey of over 26,000 U.S. consumers [2]

Core Viewpoint - Koppers Holdings Inc. has successfully repriced its seven-year $495 million senior secured Term Loan B, reducing interest rate margins by 50 basis points, which is part of the company's strategy to optimize its capital structure and reduce interest expenses without altering leverage, covenants, or maturity date [1][2][3]. Group 1: Financial Transaction Details - The interest rate margins for the Term Loan B have been reduced from 3.00% with a floor of 50 basis points to 2.50% with a floor of 50 basis points, based on the adjusted Term SOFR Rate or adjusted Daily Simple SOFR [2]. - The transaction was facilitated by Wells Fargo Bank, National Association, acting as the administrative agent, with several banks serving as joint lead arrangers and bookrunners [3]. Group 2: Company Overview - Koppers Holdings Inc. is an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, serving various industries including railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber, and construction [4]. - The company operates a comprehensive global manufacturing and distribution network with facilities located in North America, South America, Australasia, and Europe [4].

Consistent with Strategy to Optimize Business Portfolio and Enhance Free Cash FlowPITTSBURGH, Dec. 5, 2024 /PRNewswire/ -- Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. (NYSE: KOP), today announced that the company will discontinue phthalic anhydride production at its facility in Stickney, Illinois, in 2025.The decision, affecting approximately 25 employees, was driven by significant near-term capital spending requirements that could not be economically justified by end-market projections ...

PITTSBURGH, Dec. 4, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE: KOP) today announced that the company will host meetings with the investment community as part of its participation in the upcoming Singular Research Conference, which will be held in San Francisco, on December 12, 2024.  Koppers management will be represented by Bradley Pearce, Chief Accounting Officer, and Quynh McGuire, Vice President of Investor Relations.The presentation materials will be available on www.koppers.com in the Investor ...

PITTSBURGH, Nov. 26, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE: KOP) today announced that the company will host meetings with the investment community as part of its participation in the BofA Securities Leveraged Finance Conference, which will be in-person in Boca Raton, Florida, on December 3, 2024.Koppers management will be represented by Jimmi Sue Smith, Chief Financial Officer, and Quynh McGuire, Vice President of Investor Relations. In addition, the conference will feature a fireside chat with M ...

Koppers Holdings Inc. (KOP) logged profits (attributable to the company) of $22.8 million or $1.09 per share for the third quarter of 2024, down from a profit of $26.3 million or $1.22 per share a year ago. Barring one-time items, adjusted earnings were $1.37 per share for the quarter, up from $1.32 per share a year ago. It topped the Zacks Consensus Estimate of $1.25.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Koppers recorded revenues of $554.3 million for the quarter, up around ...

Shares of Koppers (KOP) have gained 3% over the past four weeks to close the last trading session at $38.03, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $64.67 indicates a potential upside of 70.1%.The average comprises three short-term price targets ranging from a low of $64 to a high of $65, with a standard deviation of $0.58. While the lowest estimate indicates an increas ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...