Koppers reports Q1 sales of $455M, plans Stickney plant exit

Koppers Holdings (NYSE:KOP) reported first-quarter revenue that reached $455.3 million as the company moves to streamline its manufacturing footprint and navigate volatile energy costs.

Koppers Holdings announced first-quarter 2026 net income of $7.1 million, resulting in diluted earnings per share of $0.35.

The Pittsburgh-based provider of treated wood products and carbon chemicals generated adjusted EBITDA of $49.3 million for the period ending March 31.

The company’s liquidity position remained stable, with operating cash flow hitting $46.3 million and free cash flow totaling $34.9 million.

The quarterly performance comes as management prepares for a significant shift in its industrial operations.

Koppers confirmed it will cease production at its Stickney, Illinois, facility by the end of the year.

This consolidation effort is part of a broader strategy to optimize the company’s cost structure, though the transition coincides with external macroeconomic pressures.

Specifically, Koppers warned that rising oil prices are expected to create a profit headwind of approximately $10 million throughout the remainder of 2026.

Looking ahead, Koppers provided a full-year outlook that suggests steady demand across its core segments.

The company expects 2026 net sales to fall between $1.9 billion and $2 billion.

Adjusted EBITDA is projected in the range of $240 million to $260 million, while adjusted earnings per share are forecast to be between $3.80 and $4.60.