Koppers Q2: $147.5M Net Loss on $215.8M Impairment; Guidance Narrowed
KOP has more than doubled off its 52-week low of $25.
Summary
Koppers Q2 GAAP loss of $147.5M includes $215.8M impairment; adjusted EPS $1.37 misses estimates. Full-year guidance narrowed to lower end.
Key Events · Earnings and Guidance · KOP
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Massive Impairment Drives GAAP Loss
Q2 net loss of $147.5 million includes $215.8 million in impairment, restructuring and plant closure costs, primarily from accelerating the Stickney, Illinois CMC plant closure and RUPS network optimization.
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Adjusted Earnings Decline
Adjusted EPS of $1.37 fell 7.4% from $1.48 a year ago, missing consensus. Adjusted EBITDA of $71.0 million was down 7.9%, with margin compression in RUPS and CMC segments.
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Record Cash Flow Generation
Year-to-date operating cash flow hit a record $96.3 million, and free cash flow reached $72.6 million, enabling $47.4 million returned to shareholders via buybacks and dividends.
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Guidance Narrowed to Lower End
Full-year adjusted EBITDA guidance narrowed to $240-$250 million (from $240-$260 million) and adjusted EPS to $3.80-$4.20 (from $3.80-$4.60), reflecting expectations of continued margin headwinds.
Analysis · KOP · Manufacturing
A steep GAAP net loss hit Koppers, driven by a massive $215.8 million impairment and restructuring charge tied to plant closures. Adjusted results show a modest decline, with adjusted EPS of $1.37 missing the prior year's $1.48. The company narrowed its full-year adjusted EBITDA and EPS guidance to the lower end of prior ranges, signaling persistent margin pressure. Record operating and free cash flow provide a bright spot, supporting debt reduction and shareholder returns.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.4% of the 1070 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, KOP was trading at $52.70 on NYSE in the Manufacturing sector, with a market capitalization of approximately $981.4M. The 52-week trading range was $25.00 to $52.25. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.