Koppers Holdings Inc. reported net income for the 2Q 2021 of $26.9 million, or $1.22 per diluted share, compared to $29.2 million, or $1.39 per diluted share, in the prior year quarter.
Adjusted net income and adjusted earnings per share (EPS) were $30.9 million and $1.41 per share for the second quarter of 2021, compared to $26.7 million and $1.27 per share in the prior year quarter, respectively.
Consolidated sales were $441 million, an increase of $4.4 million, or 1%, compared with $436.6 million in the prior year quarter. Excluding an $11 million favorable impact from foreign currency translation, sales decreased by $6.6 million, or 1.5%, from the prior year.
President and CEO Leroy Ball said, "The 2Q represented another successful outcome for Koppers profitability driven by record sales in our PC business and strong performance in CMC as industrial markets are heating up around the globe. While our RUPS business endured a setback in performance this quarter due to the impact of elevated hardwood pricing on end-market demand, we view that as a short-term situation. I am proud of the Koppers team's ability to continue to consistently deliver on our strategy of driving sustainable profit improvement through our unique, integrated business model serving critical diversified infrastructure markets no matter the obstacles placed in their way."
Koppers, with corporate headquarters in Pittsburgh, Pennsylvania, is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds.
