Koppers Holdings Inc. (KOP) announced Q3 2026 results showing increased sales but a significant drop in profitability due to rising costs. Consequently, the company has lowered its full-year 2026 guidance for Adjusted EBITDA and Adjusted EPS, citing persistent pressure from higher raw material and logistics expenses.
Key Details
- Q3 2026 Performance: Koppers reported sales of $499.1 million, a 2.8% increase year-over-year. However, Adjusted EBITDA fell 18.2% to $58.0 million, and Adjusted EPS decreased 36.4% to $0.77 compared to the prior-year quarter.
- Revised 2026 Guidance: The company lowered its full-year forecast for Adjusted EBITDA to $220-$225 million (from $240-$250 million) and Adjusted EPS to $3.10-$3.25 (from $3.80-$4.20).
- Cash Flow Outlook: Despite the earnings revision, Koppers raised its full-year free cash flow guidance to $115-$135 million, up from $110-$130 million, citing strong performance on working capital initiatives.