IHS Chemical Week

Koppers cuts guidance

11:29 AM MDT | July 16, 2013

Koppers says it is cutting second-quarter 2013 earnings guidance about 32%, to 66-70 cts/share, down from $1/share previously, on "volatility in demand and pricing" due to the weak economy in Europe. The company also expects full-year 2013 adjusted earnings to fall below 2012 adjusted earnings of $3.27/share, though it did not release specific new guidance for full-year earnings. Analysts expect Koppers' second-quarter earnings to total 93 cts/share, and its full-year earnings to total $3.30/share, as reported by Thomson Reuters (New York). "The volatile economic...

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