Koppers Holdings Inc. reported first-quarter 2025 net sales of $456.5 million, an 8.3 percent decrease from $497.6 million in Q1 2024. The company recorded a net loss attributable to Koppers of $13.9 million, or $0.68 per diluted share, compared to net income of $13.0 million, or $0.59 per diluted share, in the prior year quarter. Adjusted net income increased to $14.6 million, or $0.71 adjusted EPS, from $13.6 million, or $0.62 adjusted EPS, in Q1 2024.
Adjusted EBITDA for Q1 2025 increased by 7.8 percent to $55.5 million from $51.5 million in Q1 2024. The Railroad and Utility Products and Services (RUPS) segment saw sales increase by 4.4 percent and adjusted EBITDA surge by 44.1 percent. The Carbon Materials and Chemicals (CMC) segment's adjusted EBITDA increased by 147.5 percent, driven by lower raw material and SG&A expenses. However, the Performance Chemicals (PC) segment experienced a 19.5 percent sales decrease and a 32.6 percent adjusted EBITDA decline due to lower volumes and market share shifts.
Koppers updated its 2025 sales forecast to approximately $2.0 billion to $2.2 billion, down from $2.17 billion previously. Despite this, the company maintained its 2025 financial goals for adjusted EBITDA of $280 million and adjusted EPS of $4.75 per share. Operating cash flow is still projected at $150 million, with capital expenditures at $65 million. The company completed the termination of its largest U.S. qualified pension plan in February 2025, requiring $13.9 million in funding during the quarter.
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