Koppers Reports Higher Second-Quarter Results

Koppers Holdings reported second-quarter net income of $20.4 million (98 cts/share), up 3% from the year-ago quarter, on sales price increases in both its carbon materials and chemicals (CMC) segment  and railroad and utility products and services business.   CMC segment sales rose 12% from the second quarter of 2011, to $266.7 million, on higher sales volumes and prices for the company’s major products other than naphthalene. Operating income for the business was $26.2 million, up nearly 2% from the year-ago quarter.   Demand in the CMC...

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