KOP - Koppers Holdings up 4% post Q4 earnings mixed guidance

March, 01 2019 11:26 AM Koppers Holdings Inc.

Koppers Holdings (NYSE:KOP) gains 4% after mixed Q4 results with 16% Y/Y revenue growth.
The company issues mixed guidance for FY19, sees EPS of $2.87-3.32 vs. a consensus $3.70; FY19 revenue of $1.8-1.9B vs. a consensus $1.8B.
On an adjusted basis, Koppers expects EBITDA of ~$210-$225M for 2019, compared with ~$222M in the prior year.
The company is anticipating higher y/y interest expenses and depreciation and amortization costs in 2019.
The company plans to reduce debt by a minimum of $80M in 2019.
Previously: Koppers Holdings beats by $0.14, misses on revenue (March 1)
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