KOPPERS REPORTS THIRD QUARTER 2026 RESULTS
Key Highlights
- ➤Q3 sales $499.1M, up 2.8% year over year
- ➤Q3 adjusted EBITDA $58.0M, down 18.2% year over year
- ➤2026 adjusted EBITDA forecast cut to $220-$225M from $240-$250M
- ➤2026 adjusted EPS forecast cut to $3.10-$3.25 from $3.80-$4.20
- ➤Nine-month free cash flow reached record $92.0M, up from $39.0M
Expert Statements
Leroy Ball, Chief Executive Officer and Chair of Koppers
“Our third-quarter results reflect continued challenges in the macroeconomic environment. While we are delivering on our commitments to grow volumes and structurally improve our cost position, higher raw material and logistics costs are more than offsetting those benefits in the near term, placing additional pressure on margins and earnings. Our Catalyst transformation program continues to address these headwinds, fundamentally changing how we drive performance improvement across the organization. Performance Chemicals delivered higher sales and adjusted EBITDA over the prior year quarter, while profitability declined in our Railroad and Utility Products and Services and Carbon Materials and Chemicals businesses. At the same time, we generated record year-to-date operating cash flow and free cash flow by taking decisive action to enhance operational efficiency and controlling what we can control. We remain focused on improving margins, generating cash and allocating capital with discipline to build long-term shareholder value.”
Leroy Ball, Chief Executive Officer and Chair of Koppers
“While 2026 hasn't played out as we originally planned, our team has built a strong foundation for significant improvement in 2027. Raw material and logistics costs have escalated throughout the year faster than we can recover in the near term. However, commercial actions that take effect in 2027 will help reset earnings to a meaningfully higher level as we are beginning to realize the benefits of several large self-help initiatives, including the accelerated Stickney closure and the idling of our Florence treating plant. In the meantime, our working capital initiatives continue to generate cash, allowing us to maintain our operating cash flow guidance and raise our free cash flow outlook.”
* Sales of $499.1 million vs. $485.3 million in Prior Year Quarter * Net income of $14.7 million vs. $23.8 million in Prior Year Quarter * Diluted EPS of $0.75 vs. $1.17 in Prior Year Quarter * Adjusted EPS of $0.77 vs. $1.21 in Prior Year Quarter * Adjusted EBITDA of $58.0 million vs. $70.9 million in Prior Year Quarter * Record year-to-date operating cash flow of $126.9 million vs. $77.4 million in Prior Year Period * Record year-to-date free cash flow of $92.0 million vs. $39.0 million in Prior Year Period; returned $56.2 million to shareholders and reduced total debt by $31.0 million (net debt by $35.8 million) in Year-to-Date Period PITTSBURGH, Nov. 6, 2026 /PRNewswire/ -- Koppers Holdings Inc. (NYSE: KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today reported its third quarter of 2026 results.
Three Months Ended September 30, (Dollars in millions, except per share amounts) 2026 2025 Change % Change Net sales $ 499.1 $ 485.3 $ 13.8 2.8 % Net income $ 14.7 $ 23.8 $ (9.1) (38.2) % Adjusted net income((1)) $ 15.2 $ 24.4 $ (9.2) (37.7) % Diluted earnings per share (EPS) $ 0.75 $ 1.17 $ (0.42) (35.9) % Adjusted EPS((1)) $ 0.77 $ 1.21 $ (0.44) (36.4) % Adjusted EBITDA((1)) $ 58.0 $ 70.9 $ (12.9) (18.2) % (1) Non-GAAP financial measure. See Non-GAAP Financial Measures for additional information and reconciliations to the most directly comparable financial measure determined and reported in accordance with U.S. GAAP.
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