Koppers Holdings Inc. reported net income for the 4Q 2020 of $18.6 million, or $0.86 per diluted share, compared to $20.6 million, or $0.96 per diluted share in the prior year quarter.
Adjusted net income and adjusted earnings per share (EPS) were $16.2 million and $0.75 per share for the 4Q 2020, compared to $7.1 million and $0.34 per share in the prior year quarter, respectively.
Consolidated sales for the 4Q 2020 were $393.1 million, an increase of $11 million, or 2.9%, compared with $382.1 million in the prior year quarter.
President and CEO Leroy Ball said, "I'm proud to report that we finished 2020 with financial results in line with what we communicated to the market in January. It was an extremely daunting year, punctuated by many highs as well as some challenges. Through it all, our team members persevered and generated all-time bests in underlying safety metrics and delivered arguably Koppers best all-around financial performance ever. We are excited to continue moving forward, taking the next steps to advance our company's purpose of protecting what matters and preserving the future."
FY 2020 consolidated sales of $1.669 billion increased by $32.1 million, or 2%, as compared to $1.637 billion in the prior year.
FY 2020 operating profit was $156.7 million, or 9.4%, compared with $125 million, or 7.6%, in the prior year. Adjusted EBITDA was $211 million, or 12.6%, compared with $201.1 million, or 12.3%, in the prior year.
FY 2020 net income was $122 million, compared with $66.6 million in the prior year. Adjusted net income was $88 million, compared with $66.8 million in the prior year.
Koppers, with corporate headquarters in Pittsburgh, Pennsylvania, is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds.
