Koppers: 1Q Earnings Snapshot

Koppers: 1Q Earnings Snapshot

Associated Press
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PITTSBURGH (AP) _ Koppers Holdings Inc. (KOP) on Friday reported first-quarter net income of $11.5 million.

On a per-share basis, the Pittsburgh-based company said it had profit of 55 cents. Earnings, adjusted for one-time gains and costs, came to 62 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The maker of chemicals, carbon compounds and wood treatment products posted revenue of $434.9 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $413.9 million.

Koppers expects full-year earnings in the range of $3.16 to $3.61 per share.

Koppers shares have increased 56% since the beginning of the year. The stock has declined 40% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KOP at https://www.zacks.com/ap/KOP

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