Koppers Holdings Inc. reported net income for the 3Q 2020 of $75.6 million, or $3.53 per diluted share, compared to net income of $19.9 million, or $0.94 per diluted share, in the prior year quarter.
Consolidated sales for the 3Q 2020 were $437.5 million, an increase of $3.3 million, or 0.8%, compared with $434.2 million in the prior year quarter, driven by a $3.5 million favorable impact from foreign currency translation.
The adjusted net income and adjusted earnings per share (EPS) for the 3Q 2020 were $35.1 million and $1.64 per share, a record quarter, compared to $24.4 million and $1.16 per share in the prior year quarter, respectively.
The operating profit was $58.6 million, a quarterly record, or 13.4%, compared with $36.6 million, or 8.4%, in the prior year period.
For the 3Q 2020, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $66.7 million, a quarterly record, or 15.2%, compared with $57.1 million, or 13.2%, in the prior year quarter. The adjusted EBITDA margin is calculated as a percentage of sales.
Koppers Holdings Inc., with corporate headquarters in Pittsburgh, Pennsylvania, is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds.
