KOP - Koppers Holdings EPS beats by $0.42 revenue in-line; provides outlook

Koppers Holdings (KOP): Q1 Non-GAAP EPS of $1.02 beats by $0.42; GAAP EPS of $1.18 beats by $0.66.Revenue of $407.5M (+1.4% Y/Y) in-line.The company expects that 2021 sales will be ~$1.7 billion to $1.8 billion vs. consensus of $1.72B; EBITDA, on an adjusted basis, will be ~ $220 million to $230 million for 2021, compared with $211.0 million in the prior year; effective tax rate for adjusted net income in 2021 is projected to be ~27 percent, compared to the tax rate in 2020, excluding special tax items, of 20.1 percent and adjusted EPS is forecasted to be in the range of $4.35 to $4.60, compared with adjusted EPS of $4.12 in the prior year vs. consensus of $4.20.Press Release

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Koppers Holdings EPS beats by $0.42, revenue in-line; provides outlook