(Adds Outlook)
Koppers Holdings Inc.(KOP) has cut its full-year adjusted EPS outlook considering global economic conditions, uncertain geopolitical environment and supply chain challenges.
It now sees adjusted EPS in the range of $4.10 - $4.60, don from the previous outlook of $4.60 - $4.80. On average, 3 analysts polled by Thomson-Reuters expect earnings of $4.69 per share for the year.
Sales for the quarter is still expected to about $2.25 billion. The consensus estimate stands at $2.24 billion.
Q1 Results:
Koppers Holdings announced a profit for first quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $13.0 million, or $0.59 per share. This compares with $25.5 million, or $1.19 per share, in last year's first quarter.
Excluding items, Koppers Holdings Inc. reported adjusted earnings of $13.6 million or $0.62 per share for the period.
Analysts on average had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 3.1% to $497.6 million from $513.4 million last year.
Koppers Holdings Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $13.0 Mln. vs. $25.5 Mln. last year.-EPS (Q1): $0.59 vs. $1.19 last year.-Revenue (Q1): $497.6 Mln vs. $513.4 Mln last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.