KOPPERS HOLDINGS Reports Second Quarter Earnings Results for FY2023
August 24, 2023
🌥️Earnings Overview
KOPPERS HOLDINGS ($NYSE:KOP) released its financial results for the second quarter of FY2023 (ending June 30 2023) on August 3 2023. Total revenue for the quarter reached USD 577.2 million, a 14.9% rise from the same quarter one year prior. Net income soared 109.4% year-over-year to USD 24.5 million.
Price History
The company saw an increase in its stock price, with shares opening at $37.3 and closing at $38.4, a 1.3% increase from the prior closing price of 37.9. KOPPERS HOLDINGS also announced that it had completed the refinancing of its senior notes and revolving credit facility, which secured better terms for its long-term debt. Overall, KOPPERS HOLDINGS reported a solid quarter, and its stock price reflected this improvement in performance. Investors are optimistic that the company will continue to show strong growth in the future. 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 analyzed KOPPERS HOLDINGS‘s wellbeing and have categorized them as a medium risk investment in terms of financial and business aspects. This was based on our Risk Rating, which evaluates investments according to their financial health. Our analysis detected two risk warnings in KOPPERS HOLDINGS’s income sheet and balance sheet. If you would like to learn more about the specific risk warnings, you can sign up for a free account with GoodWhale and get access to our detailed insights. 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 seen strong growth in the second quarter of FY 2023, with total revenue increasing by 14.9% year-on-year and net income up 109.4%. This represents a positive outlook for investors in KOPPERS HOLDINGS, as it has seen strong growth despite the challenging economic environment. The company’s financial situation appears healthy, and investors should be encouraged by the impressive financial results from the second quarter. With KOPPERS HOLDINGS continuing to show strong performance, investors should consider the potential of investing in the company.
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