KOPPERS HOLDINGS Reports Earnings Results for Second Quarter of FY2023
August 5, 2023
🌥️Earnings Overview
KOPPERS HOLDINGS ($NYSE:KOP) reported a total revenue of USD 577.2 million for the second quarter of FY2023, ending June 30 2023, representing a 14.9% year-over-year increase.Net income for the same period was USD 24.5 million, a considerable 109.4% growth compared to the same quarter in FY2022.
Share Price
KOPPERS HOLDINGS reported its earnings results for the second quarter of FY2023 on Thursday. The stock opened at $37.3 and closed at $38.4, up by 1.3% from the previous closing price of 37.9. This reflected a positive sentiment in the market towards the company’s financial performance as KOPPERS HOLDINGS reported a 3% increase in its sales year-over-year in the second quarter. KOPPERS HOLDINGS also boasted of a higher gross margin for the quarter as well as an improved working capital position.
With the strong financial performance and positive outlook, investors remain bullish about KOPPERS HOLDINGS’ future prospects. The company’s stock has been steadily increasing since the beginning of this fiscal year and looks set to continue its upward trajectory. Analysts are expecting more favorable financial results in the upcoming quarters as KOPPERS HOLDINGS continues to expand its market reach and strengthen its presence in the global energy sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Koppers Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 2.11k | 82.9 | 3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Koppers Holdings. More…
| Operations | Investing | Financing |
| 79 | -124.3 | 54.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Koppers Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.82k | 1.36k | 21.73 |
Key Ratios Snapshot
Some of the financial key ratios for Koppers Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.6% | 8.0% | 8.4% |
| FCF Margin | ROE | ROA |
| -1.6% | 25.0% | 6.1% |
Analysis
At GoodWhale, we have conducted a thorough analysis on KOPPERS HOLDINGS’s fundamentals. Our Risk Rating reveals KOPPERS HOLDINGS to be a medium risk investment from both financial and business aspects. We have also detected two risk warnings in the income sheet and balance sheet, so be sure to sign up with us to learn more. With our comprehensive review, we can help you make informed decisions on how to best allocate your investments. More…
Peers
The company operates in North America, Europe, Asia Pacific, and South America. Koppers Holdings Inc. has been in business for over 100 years and has a strong brand presence. The company’s main competitors are Atul Ltd, Shikoku Chemicals Corp, and Ingevity Corp.
– Atul Ltd ($BSE:500027)
Atul Ltd is a market leader in the chemical industry with a market cap of 242.04B as of 2022. The company has a strong focus on R&D and innovation, which has led to a strong portfolio of products and technologies. Atul Ltd has a return on equity of 11.43%. The company has a strong presence in India and Asia Pacific region.
– Shikoku Chemicals Corp ($TSE:4099)
Shikoku Chemicals Corp is a publicly traded company with a market capitalization of $67.38 billion as of 2022. The company has a return on equity of 7.74%. Shikoku Chemicals Corp is engaged in the manufacture and sale of chemicals and chemical products. The company’s products include plastics, resins, dyes, and pigments. Shikoku Chemicals Corp is headquartered in Tokyo, Japan.
– Ingevity Corp ($NYSE:NGVT)
Ingevity is a company that provides products and services based on carbon technology. They have a market cap of $2.49 billion and a return on equity of 22.28%. The company has been in business for over 60 years and has a strong presence in North America, Europe, and Asia. Ingevity’s products are used in a variety of industries, including automotive, construction, and mining.
Summary
KOPPERS HOLDINGS has reported impressive second quarter earnings results for FY2023, with total revenue up 14.9% year-over-year and net income increasing 109.4%. This is a clear indicator of the company’s strong performance and bodes well for investors looking to invest in the company. In addition, KOPPERS HOLDINGS has a history of high returns on equity and dividends, making it an attractive option for long-term investors. Given its strong financials, KOPPERS HOLDINGS is a sound investment for those looking to benefit from its promising future prospects.
