Koppers Holdings Inc. reported net loss for the Q4 2024 of $10.2 million, or $0.50 per diluted share, compared to net income for the Q4 2023 of $12.9 million, or $0.59 per diluted share.
Adjusted net income and adjusted earnings per share (EPS) were $16.0 million, or $0.77 per share for the Q4 2024, compared to $14.5 million, or $0.67 per share in the prior year quarter. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the Q4 2024 were $55.2 million, compared with $53.9 million in the prior year quarter.
Consolidated sales of $477.0 million decreased by $36.2 million, or 7.1%, compared with $513.2 million in the prior year quarter.
Chief Executive Officer Leroy Ball said, “While 2024 results fell short of our expectations for performance, I am proud of the many accomplishments of Koppers team members worldwide that enabled us to make continued progress on our journey of creating the foundation for a connected world through our diverse portfolio of leading products and services. Record safety performance, continued advancements in sustainability, and financial performance in the final three quarters of the year that exceeded prior year in several key metrics are all highlights to build upon in 2025. While a pullback in sales activity in the last six weeks of the year in all segments proved to be too much to overcome, the cost actions we began taking in the fourth quarter are setting us up nicely to weather the uncertainty ahead that’s brought on by the unpredictable economic and policy environment.”
2024 Financial Performance
Consolidated sales of $2.09 billion decreased $62 million, or 2.9%, compared to $2.15 billion in the prior year.
Net income was $52.4 million, compared with $89.2 million in the prior year. Adjusted net income attributable to Koppers was $87.5 million, compared with $94.0 million in the prior year. Adjusted EBITDA was $261.6 million, compared with $256.4 million in the prior year.
2025 Outlook
After considering the current competitive environment, global economic conditions, as well as the ongoing uncertainty associated with geopolitical and supply chain challenges, Koppers expects 2025 sales of approximately $2.17 billion, compared with $2.09 billion in 2024. Adjusted EBITDA is anticipated to be approximately $280 million in 2025, compared with $261.6 million in 2024.
Koppers, with corporate headquarters in Pittsburgh, Pennsylvania, is an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds.
