Koppers Holdings (KOP) Tops Q4 EPS by 11c, Revenues Miss; Offers FY19 Revenues Guidance Above Consensus

Koppers Holdings (NYSE: KOP) reported Q4 EPS of $0.60, $0.11 better than the analyst estimate of $0.49. Revenue for the quarter came in at $425 million versus the consensus estimate of $437.67 million.

Commenting on the forecast, Mr. Ball said, "I expect our wood-based businesses to see significant improvements in profitability in 2019 due to a number of factors. Ultimately, the strength of the served end markets for wood treatment will determine whether those businesses will generate enough improvement to offset the lower contribution from CMC as that segment settles back into a more normalized profit range. In our RUPS segment, we are on the path towards the first year-over-year improvement since 2015, driven by an improved demand environment, and enhanced by the realization of cost and commercial synergies related to various integration and strategic initiatives. Additionally, the key to our PC business achieving improved results will be realizing at least five to eight percent of year-over-year volume growth, driven by average year-over-year organic growth and greater market share penetration."

Mr. Ball continued, "In the short-term, we will refocus our efforts on reducing our leverage as we have done during similar times in the past. I believe that we have multiple levers at our disposal to do so and we will intently evaluate each opportunity. Longer-term, our story remains positive as we continue to reshape Koppers into a global leader of providing sustainable solutions for building out the global infrastructure."

GUIDANCE:

Koppers Holdings sees FY2019 revenue of $1.8-1.9 billion, versus the consensus of $1.8 billion.

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

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