Koppers Holdings Updated 2024 Outlook: Expects Sales Of ~$2.25B Vs. $2.244B Consensus And Adjusted EBITDA Of $265M-$280M (Prior ~$275M). Sees Adjusted EPS Of $4.10-$4.60 (Prior $4.60-$4.80) Vs. $4.69 Consensus
Portfolio Pulse from Benzinga Newsdesk
Koppers Holdings has updated its 2024 outlook, expecting sales of approximately $2.25 billion, slightly above the consensus of $2.244 billion, and adjusted EBITDA of $265 million to $280 million, with a prior estimate around $275 million. The company anticipates adjusted EPS to be between $4.10 and $4.60, down from the prior range of $4.60 to $4.80 and below the consensus of $4.69. This revision reflects the impact of global economic conditions, geopolitical and supply chain challenges, and includes the acquisition of Brown Wood Preserving.
May 03, 2024 | 12:16 pm
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Koppers Holdings updates 2024 outlook with sales expected at ~$2.25B, adjusted EBITDA of $265M-$280M, and adjusted EPS of $4.10-$4.60, reflecting global economic and supply chain challenges.
The downward revision in Koppers' EPS forecast, from a prior range of $4.60-$4.80 to now $4.10-$4.60, below the consensus of $4.69, is likely to negatively impact investor sentiment in the short term. This adjustment reflects the company's cautious stance amid ongoing global economic uncertainties, geopolitical tensions, and supply chain issues, which could dampen investor confidence and pressure the stock price.
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