Koppers Holdings (KOP) Tops Q1 EPS by 19c
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Koppers Holdings Inc. Reports First Quarter 2016 Results
May 6, 2016 8:00 AM EDTPITTSBURGH, PA -- (Marketwired) -- 05/06/16 -- Koppers Holdings Inc. (NYSE: KOP), an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds, today reported consolidated sales of $346.8 million for the first quarter of 2016, a decrease of 12.8 percent, or $51 million, from sales of $397.8 million in the prior year quarter. The sales decline was primarily related to Carbon Materials and Chemicals (CMC), driven by lower sales volumes for carbon pitch and carbon black feedstock, combined with lower sales prices for carbon black feedstock and naphthalene. The sales volume reductions for CMC... More
