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Fundamentals - Annual Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified) Year Ending Dec 2016 (Reclassified) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update)
Net Sales 1,710.20 1,475.50 1,416.20 1,626.90 1,555.00
Revenue 1,710.20 1,475.50 1,416.20 1,626.90 1,555.00
Total Revenue 1,710.20 1,475.50 1,416.20 1,626.90 1,555.00
Cost of Revenue 1,375.10 1,153.40 1,126.20 1,366.70 1,343.70
Cost of Revenue, Total 1,375.10 1,153.40 1,126.20 1,366.70 1,343.70
Gross Profit 335.10 322.10 290.00 260.20 211.30
Selling/General/Administrative Expense 149.10 121.90 116.80 120.80 111.50
Labor & Related Expense 12.50 10.60 8.90 3.80 4.70
Selling/General/Administrative Expenses, Total 161.60 132.50 125.70 124.60 116.20
Depreciation 50.80 49.80 52.90 59.00 44.00
Amortization of Intangibles, Operating -- -- -- -- --
Depreciation/Amortization 50.80 49.80 52.90 59.00 44.00
Impairment-Assets Held for Use 4.00 16.20 20.10 109.40 17.90
Loss (Gain) on Sale of Assets - Operating 8.30 0.00 -2.10 -- --
Other Unusual Expense (Income) 0.00 23.30 4.40 -3.20 --
Unusual Expense (Income) 12.30 39.50 22.40 106.20 17.90
Total Operating Expense 1,599.80 1,375.20 1,327.20 1,656.50 1,521.80
Operating Income 110.40 100.30 89.00 -29.60 33.20
Interest Expense - Non-Operating -56.30 -42.50 -50.80 -50.70 -39.10
Interest Expense, Net Non-Operating -56.30 -42.50 -50.80 -50.70 -39.10
Interest Income (Expense), Net-Non-Operating, Total -56.30 -42.50 -50.80 -50.70 -39.10
Other Non-Operating Income (Expense) 0.70 2.50 0.30 0.20 0.00
Other, Net 0.70 2.50 0.30 0.20 0.00
Net Income Before Taxes 54.80 60.30 38.50 -80.10 -5.90
Income Tax – Total 21.20 8.50 11.40 -4.20 34.10
Income After Tax 33.60 51.80 27.10 -75.90 -40.00
Minority Interest -5.80 -1.40 1.60 4.00 7.00
Net Income Before Extraordinary Items 27.80 50.40 28.70 -71.90 -33.00
Discontinued Operations 0.80 -1.00 0.90 -0.10 0.60
Extraordinary Item -4.80 -20.50 -- -- --
Tax on Extraordinary Items -0.40 0.20 -0.30 -- --
Total Extraordinary Items -4.40 -21.30 0.60 -0.10 0.60
Net Income 23.40 29.10 29.30 -72.00 -32.40
Income Available to Common Excluding Extraordinary Items 27.80 50.40 28.70 -71.90 -33.00
Income Available to Common Stocks Including Extraordinary Items 23.40 29.10 29.30 -72.00 -32.40
Basic Weighted Average Shares 20.87 20.75 20.64 20.54 20.46
Basic EPS Excluding Extraordinary Items 1.33 2.43 1.39 -3.50 -1.61
Basic EPS Including Extraordinary Items 1.12 1.40 1.42 -3.51 -1.58
Dilution Adjustment -- -- -- 0.00 --
Diluted Net Income 23.40 29.10 29.30 -72.00 -32.40
Diluted Weighted Average Shares 21.33 22.00 21.06 20.54 20.46
Diluted EPS Excluding Extraordinary Items 1.30 2.29 1.36 -3.50 -1.61
Diluted EPS Including Extraordinary Items 1.10 1.32 1.39 -3.51 -1.58
DPS - Common Stock Primary Issue -- -- -- -- 1.00
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00 20.90
(Gain) Loss on Sale of Assets, Supplemental -- -- -- -- --
Impairment-Assets Held for Sale, Supplemental -- -- -- -- --
Litigation Charge, Supplemental -- -- -- -- --
Restructuring Charge, Supplemental -- -- -- -- --
Other Unusual Expense (Income), Supplemental -- -- -- -- --
Non-Recurring Items, Total -- -- -- -- --
Total Special Items 12.30 39.50 22.40 106.20 17.90
Normalized Income Before Taxes 67.10 99.80 60.90 26.10 12.00
Effect of Special Items on Income Taxes 4.76 5.57 6.63 37.17 6.27
Income Taxes Excluding Impact of Special Items 25.96 14.07 18.03 32.97 40.37
Normalized Income After Taxes 41.14 85.73 42.87 -6.87 -28.37
Normalized Income Available to Common 35.34 84.33 44.47 -2.87 -21.37
Basic Normalized EPS 1.69 4.06 2.15 -0.14 -1.04
Diluted Normalized EPS 1.66 3.83 2.11 -0.14 -1.04
Amortization of Intangibles, Supplemental 19.20 14.60 14.80 15.30 8.40
Depreciation, Supplemental 31.60 35.20 38.10 43.70 35.60
Interest Expense, Supplemental 56.30 42.50 50.80 50.70 39.10
Rental Expense, Supplemental 49.40 50.40 50.30 46.40 36.70
Stock-Based Compensation, Supplemental 12.50 10.60 8.90 3.80 4.70
Minority Interest, Supplemental -5.80 -1.40 1.60 4.00 7.00
Research & Development Expense, Supplemental -- -- -- 5.20 3.10
Audit-Related Fees, Supplemental -- 2.99 1.97 2.80 3.06
Audit-Related Fees -- 0.04 0.02 0.02 0.27
Tax Fees, Supplemental -- 1.14 1.46 0.05 0.07
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00 0.00 0.00
Gross Margin 19.59 21.83 20.48 15.99 13.59
Operating Margin 6.46 6.80 6.28 -1.82 2.14
Pretax Margin 3.20 4.09 2.72 -4.92 -0.38
Effective Tax Rate 38.69 14.10 29.61 -- --
Net Profit Margin 1.63 3.42 2.03 -4.42 -2.12
Normalized EBIT 122.70 139.80 111.40 76.60 51.10
Normalized EBITDA 173.50 189.60 164.30 135.60 95.10
Current Tax - Domestic -1.20 11.10 -1.90 -4.20 17.50
Current Tax - Foreign 18.00 15.70 13.30 16.00 14.60
Current Tax - Local 0.10 0.60 1.30 0.20 0.30
Current Tax - Total 16.90 27.40 12.70 12.00 32.40
Deferred Tax - Domestic 4.80 -17.90 -1.60 -19.20 3.10
Deferred Tax - Foreign -0.30 0.20 -0.20 0.00 -1.40
Deferred Tax - Local -0.20 -1.20 0.50 3.00 0.00
Deferred Tax - Total 4.30 -18.90 -1.30 -16.20 1.70
Income Tax - Total 21.20 8.50 11.40 -4.20 34.10
Interest Cost - Domestic 7.50 9.00 11.00 10.90 11.80
Service Cost - Domestic 1.90 2.00 1.70 2.00 2.70
Prior Service Cost - Domestic -- 0.00 0.00 -0.30 -0.20
Expected Return on Assets - Domestic -8.50 -9.60 -10.50 -12.00 -13.90
Actuarial Gains and Losses - Domestic 1.40 1.90 2.20 6.60 4.00
Curtailments & Settlements - Domestic -- -- -- -- 0.00
Transition Costs - Domestic -- -- -- -- 0.00
Domestic Pension Plan Expense 2.30 3.30 4.40 7.20 4.40
Interest Cost - Post-Retirement 0.40 0.40 0.40 0.40 0.50
Service Cost - Post-Retirement 0.10 0.10 0.10 0.10 0.10
Prior Service Cost - Post-Retirement -- 0.00 0.00 -0.10 0.00
Expected Return on Assets - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Actuarial Gains and Losses - Post-Retirement 0.00 -0.20 0.40 0.30 -0.20
Transition Costs - Post-Retirement -- -- -- -- --
Post-Retirement Plan Expense 0.50 0.30 0.90 0.70 0.40
Defined Contribution Expense - Domestic 7.50 8.90 7.80 6.00 7.10
Total Pension Expense 10.30 12.50 13.10 13.90 11.90
Discount Rate - Domestic 4.03 3.51 4.09 4.52 4.12
Discount Rate - Post-Retirement 4.45 3.88 4.53 4.73 4.32
Expected Rate of Return - Domestic 4.83 4.62 5.10 5.16 6.31
Compensation Rate - Domestic 3.41 3.50 3.50 3.82 4.00
Total Plan Interest Cost 7.90 9.40 11.40 11.30 12.30
Total Plan Service Cost 2.00 2.10 1.80 2.10 2.80
Total Plan Expected Return -8.50 -9.60 -10.50 -12.00 -13.90
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