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In this report, unless otherwise noted or the context otherwise requires, (i) the term Koppers, Koppers Holdings, the Company, we or us refers to Koppers Holdings Inc. and its consolidated subsidiaries, (ii) the term KH refers to Koppers Holdings Inc. and not any of its subsidiaries and (iii) the term KI refers to Koppers Inc. and not any of its subsidiaries. Koppers Holdings Inc. has substanti…
Operating margin is thin at 8.93%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 10.2% YoY. The question is whether this is cyclical or a structural shift.
Net debt of $985M represents 14.6x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$1.88B
▼ -10.2% YoY
Net Income (TTM)
$77M
▲ +6.9% YoY
Op. Margin
8.67%
▲ +1.8pp YoY
ROIC
8.42%
▲ +0.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$139M
▲ +60.7% YoY
Op. Cash Flow (TTM)
$192M
▲ +2.6% YoY
Net Debt
$980M
Cash & Equiv.
$43M
5Y CAGR: +2.4%
5Y CAGR: +3.3%
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