KOP - Koppers Holdings Non-GAAP EPS of $1.26 beats by $0.16 revenue of $577.2M beats by $46.2M
2023-08-03 08:36:29 ET
- Koppers Holdings press release ( NYSE: KOP ): Q2 Non-GAAP EPS of $1.26 beats by $0.16 .
- Revenue of $577.2M (+14.9% Y/Y) beats by $46.2M .
- Koppers continues to expect 2023 sales of approximately $2.1 billion, compared with $1.98 billion in the prior year, and 2023 adjusted EBITDA of approximately $250 million, compared with $228.1 million in the prior year.
- 2023 adjusted EPS is forecasted to be approximately $4.40, compared with adjusted EPS of $4.14 in 2022.
- Koppers anticipates capital expenditures of approximately $110 million to $120 million in 2023, including capitalized interest, with $40 million to $50 million of the total allocated to discretionary projects that are expected to generate returns on investment of over 20 percent.
- Net of cash received from asset sales and property insurance recoveries, the net investment in capital expenditures is expected to be $105 million to $115 million.
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Koppers Holdings Non-GAAP EPS of $1.26 beats by $0.16, revenue of $577.2M beats by $46.2M