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Koppers: 1Q Earnings Snapshot

PITTSBURGH (AP) _ Koppers Holdings Inc. (KOP) on Thursday reported first-quarter net income of $17.8 million.

The Pittsburgh-based company said it had net income of 81 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.18 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.

The maker of chemicals, carbon compounds and wood treatment products posted revenue of $406.1 million in the period.

Koppers expects full-year earnings in the range of $4.05 to $4.25 per share.

Koppers shares have declined 13 percent since the beginning of the year. The stock has climbed 6 percent in the last 12 months.


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