Koppers Holdings Inc. reported net income for the Q2 2024 of $26.8 million, or $1.25 per diluted share, compared to $24.5 million, or $1.15 per diluted share, in the prior year quarter.
Adjusted net income and adjusted earnings per share (EPS) were $29.2 million and $1.36 per share for the Q2 2024, compared to $26.9 million and $1.26 per share in the prior year quarter.
Consolidated sales of $563.2 million decreased by $14.0 million, or 2.4%, compared with $577.2 million in the prior year quarter. Excluding a $0.7 million unfavorable impact from foreign currency changes, sales decreased by $13.3 million, or 2.3%.
Chief Executive Officer Leroy Ball said, "All three business segments showed significant sequential improvement in the second quarter, pushing consolidated results to new heights. Performance Chemicals delivered the most improvement, as demand for our residential wood-treatment preservatives continued to be resilient despite unfavorable industry trends. In addition, cost reduction measures across the board helped to offset current market conditions and keep us on track for a strong 2024."
Koppers is an integrated global provider of essential treated wood products, wood preservation technologies and carbon compounds.
