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People & Business :: Companies

Koppers reports net loss in fourth quarter

1:55 PM MST | February 13, 2014 | Lindsay Frost

Koppers reports a net loss of $4.1 million compared to a net gain of $13.6 million in the year-ago quarter, citing restructuring costs and weakness in its carbon operations. Adjusted earnings of 44 cts/share fell below analyst consensus of 61 cts/share, as compiled by Thomson Reuters. The decreases in net income were due to lower profitability for carbon materials and chemicals (CMC) operations that included $13.6 million of restructuring costs related to the facilities at Uithoorn, Netherlands; Tangshan, China; Follansbee, WV, and Portland, OR, as well as...

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