Koppers Holdings (KOP) Misses Q3 EPS by 38c, Trims FY18 EPS Guidance

Koppers Holdings (NYSE: KOP) reported Q3 EPS of $0.73, $0.38 worse than the analyst estimate of $1.11. Revenue for the quarter came in at $442.7 million versus the consensus estimate of $502.63 million.

GUIDANCE:

Koppers Holdings sees FY2018 EPS of $3.30-$3.40, versus the consensus of $4.11. Koppers Holdings sees FY2018 revenue of $1.7 million, versus the consensus of $1.81 million.

2019 Outlook

Based on the prevailing indicators, Koppers expects to deliver its fifth consecutive year of adjusted EBITDA growth in 2019. Additionally, it is anticipated that there will be a meaningful shift in the mix of earnings to be more consistent with the company's stated strategy of focusing on wood-based technologies. In addition to at least $10 million of strategic initiative benefits, the overall results should also improve from the ongoing cyclical recovery in the Railroad and Utility Products and Services business, several new commercial opportunities in the Performance Chemicals business, an entire year of contribution from acquisitions, and projected savings of approximately $15 million related to the completed naphthalene unit at the Stickney facility, which will more than offset the headwinds associated with lower expected earnings out of China and higher raw material costs.

For earnings history and earnings-related data on Koppers Holdings (KOP) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Outlook Therapeutics (OTLK) Misses Q3 EPS by 9c
• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance