Koppers Posts Profit Gains, Beats Estimates

Koppers Holdings posted adjusted net income of $15.5 million for the fiscal first quarter ended March 31, 2012, 84% higher than the same year-ago quarter. Earnings of 74 cts/share beat analysts’ estimates of 57 cts/share, as reported by Thomson Reuters (New York).  Consolidated sales increased 12%, to $381 million. Carbon Materials and Chemicals sales increased 14%, to $250 million. Higher selling prices for carbon pitch and phthalic anhydride and higher volumes and prices for carbon black feedstock more than offset lower volumes for pitch and lower...

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