IHS Chemical Week

People & Business :: Earnings/Finance

Koppers reports record railroad and utility earnings in fourth quarter

12:09 PM MST | February 14, 2013 | Lindsay Frost

Koppers Holdings reports net income of $13.6 million—up from a loss of $14.2 million. Reported earnings of 66 cts/share were above analyst estimates of 60 cts/share, as reported by Thomson Reuters (New York), and exclude $300,000 of after-tax charges related to plant closure costs. The increase in earnings is partially due to a lower effective tax rate combined with record earnings in the company’s railroad and utility products (RUP) segment. Sales also grew year-on-year (YOY)—2%, to $374.9 million. "Our fourth-quarter results compared...

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