Lery Ball Sees FY26 Revenue of $1.9B to $2.0B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2026
0mins
Should l Buy KOP?
Sees FY26 revenue $1.9B-$2.0B, consensus $1.91B. Commenting on the 2026 forecast, CEO Lery Ball said, "Today's announcement of ceasing production at our Stickney, Illinois, plant by this year-end again demonstrates our willingness to make the difficult choices necessary to chart a more sustainable path forward for all our stakeholders. That decision alone will bring tremendous benefit beginning in 2027; however, the economic fallout of higher oil prices is expected to have up to a $10M impact on our profitability this year. As a result, we have revised our adjusted EBITDA and adjusted EPS ranges for the current year's guidance. The best news is that underlying demand in our PC and RUPS markets is projecting to be in line if not slightly better than what we thought coming into the year. We also expect higher operating cash flow and free cash flow than our previous guidance, as we deliver at the higher end of our inventory reduction targets. While we welcome end market improvement, the actions we have planned and already taken put us in position for a step change in profitability in 2027 while maintaining our already healthy cash generation."
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Analyst Views on KOP
Wall Street analysts forecast KOP stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 42.410
Low
55.00
Averages
55.00
High
55.00
Current: 42.410
Low
55.00
Averages
55.00
High
55.00
About KOP
Koppers Holdings Inc. is an integrated global provider of treated wood products, wood preservation chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC) and Carbon Materials and Chemicals (CMC). The RUPS segment sells treated and untreated wood products, manufactured products and services to the railroad industry and treated wood products to the utility industry. The PC segment develops, manufactures, and markets wood preservation chemicals and wood treatment technologies and services a diverse range of end-markets including infrastructure, residential and commercial construction and agriculture. The CMC segment is a manufacturer of creosote, carbon pitch, naphthalene, and carbon black feedstock. It serves its customers through a comprehensive global manufacturing and distribution network, with manufacturing capabilities in North America, South America, Australasia and Europe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Koppers Appoints New Chief Financial Officer
- Executive Appointment: Koppers Holdings announced that Eric Brenner will join as Chief Financial Officer and Treasurer on May 26, 2026, overseeing global finance, accounting, budgeting, and investor relations, which is expected to drive strategic transformation and capital deployment.
- Extensive Experience: Brenner's previous role as CFO at NOVA Chemicals involved leading a comprehensive refinancing program and transformation initiatives that resulted in significant cash benefits, providing a solid foundation for his new position at Koppers.
- Leadership Transition: Current Interim CFO Brad Pearce will revert to his full-time role as Chief Accounting Officer on the same date, ensuring financial stability and strategic execution during the transition period.
- Strategic Vision: Brenner expressed excitement about collaborating with the team during this critical phase of the company’s evolution, aiming to strengthen the financial foundation and create long-term shareholder value, reflecting Koppers' commitment to innovation and customer partnership.
See More
Koppers Appoints Eric Brenner as CFO and Treasurer
- Executive Appointment: Koppers Holdings Inc. announced that Eric Brenner will join as Chief Financial Officer and Treasurer on May 26, 2026, overseeing global finance, accounting, budgeting, and investor relations, which is expected to enhance the implementation of the company's strategic initiatives.
- Extensive Experience: Brenner previously served as CFO at NOVA Chemicals, where he successfully led a comprehensive refinancing program and transformation initiatives that resulted in significant cash benefits, which will support Koppers' financial stability and growth.
- Leadership Transition: Current Interim CFO Brad Pearce will return to his role as Chief Accounting Officer on the same date, ensuring financial stability during the transition and continuing to advance strategic initiatives.
- Strategic Vision: Brenner expressed excitement about strengthening the company's financial foundation and driving sustainable growth at this critical stage, aiming to create long-term value for shareholders, reflecting Koppers' commitment to innovation and customer partnership.
See More
Koppers Q1 2026 Earnings: Restructuring and Outlook
- Production Restructuring: Koppers has decided to gradually wind down operations at its Stickney, Illinois facility by the end of 2026, which is expected to incur pretax charges of $227 million to $262 million, reflecting the company's strategic adjustments in response to raw material pricing pressures.
- Financial Performance: The company reported first-quarter sales of $455 million with adjusted EBITDA of $49 million, representing an EBITDA margin of 10.8%, demonstrating resilience in a high-cost environment.
- Future Outlook: While maintaining sales guidance for 2026 at $1.9 billion to $2.0 billion, the adjusted EBITDA forecast has been lowered to $240 million to $260 million, primarily due to the impact of rising oil prices driven by Middle Eastern conflicts.
- Capital Expenditure Plans: Koppers plans to invest between $10 million and $15 million in its coal tar distillation facility in Denmark over the next few years to strengthen its supply chain while keeping its annual maintenance CapEx budget at $55 million.
See More
Koppers to Shut Down Illinois Facility Amid Market Challenges
- Facility Closure Announcement: Koppers has announced plans to shut down its distillation and chemical manufacturing operations at the Stickney, Illinois facility, which may impact approximately 85 employees, driven by weak market conditions, rising costs, aging infrastructure, and lower raw material supplies.
- Financial Impact Estimates: The company expects pre-tax charges of $227 million to $262 million through 2029, including non-cash charges of $170 million to $195 million in Q2 and Q3 of 2026, indicating a significant financial burden associated with the facility closure.
- Cash Flow Improvement Outlook: Despite the challenges of the closure, Koppers anticipates an annual free cash flow improvement of $15 million to $25 million and adjusted EBITDA savings of $15 million to $20 million starting in 2027, demonstrating long-term financial sustainability.
- Earnings Per Share Boost: Following the transition of operations to the Nyborg, Denmark plant, Koppers expects adjusted EPS to benefit by $1.00 to $1.20 per share, indicating potential for profit growth post-strategic shift.
See More
Koppers Q1 Earnings Exceed Expectations
- Earnings Beat Expectations: Koppers Holdings reported a Q1 non-GAAP EPS of $0.57, exceeding expectations by $0.19, indicating a strong rebound in the company's profitability.
- Revenue Slightly Declines but Beats Forecast: Revenue decreased by 0.3% year-over-year to $455.3 million, yet it surpassed market expectations by $65.2 million, demonstrating the company's resilience in a challenging market.
- Significant Cash Flow Improvement: Operating cash flow reached $46.3 million, a substantial recovery from a negative $22.7 million in the prior year, highlighting positive developments in cash management and operational efficiency.
- Positive Free Cash Flow: Free cash flow amounted to $34.9 million, a notable improvement from a negative $37.0 million last year, reflecting effective strategies in capital expenditure control and asset management.
See More
Koppers Reports Strong Q1 2026 Results Amid Market Challenges
- Stable Sales Performance: Koppers reported net sales of $455.3 million in Q1 2026, a slight decrease of 0.3% from $456.5 million in Q1 2025, indicating resilience amidst competitive pressures despite a challenging overall market environment.
- Significant Profit Improvement: The company achieved a net income of $7.1 million, a remarkable turnaround from a loss of $13.9 million in the same quarter of 2025, reflecting positive progress in cost control and market share gains.
- Decline in Adjusted EPS: Adjusted earnings per share fell to $0.57 from $0.71 in 2025, a decrease of 19.7%, highlighting ongoing pressure on profitability due to rising raw material costs, particularly in the Carbon Materials and Chemicals segment.
- Updated 2026 Outlook: Koppers forecasts net sales between $1.9 billion and $2.0 billion for 2026, with adjusted EBITDA expected to range from $240 million to $260 million; despite a projected $10 million impact from rising oil prices, the company remains optimistic about underlying demand in its markets.
See More
Koppers Appoints New Chief Financial Officer
- Executive Appointment: Koppers Holdings announced that Eric Brenner will join as Chief Financial Officer and Treasurer on May 26, 2026, overseeing global finance, accounting, budgeting, and investor relations, which is expected to drive strategic transformation and capital deployment.
- Extensive Experience: Brenner's previous role as CFO at NOVA Chemicals involved leading a comprehensive refinancing program and transformation initiatives that resulted in significant cash benefits, providing a solid foundation for his new position at Koppers.
- Leadership Transition: Current Interim CFO Brad Pearce will revert to his full-time role as Chief Accounting Officer on the same date, ensuring financial stability and strategic execution during the transition period.
- Strategic Vision: Brenner expressed excitement about collaborating with the team during this critical phase of the company’s evolution, aiming to strengthen the financial foundation and create long-term shareholder value, reflecting Koppers' commitment to innovation and customer partnership.
See More
Koppers Appoints Eric Brenner as CFO and Treasurer
- Executive Appointment: Koppers Holdings Inc. announced that Eric Brenner will join as Chief Financial Officer and Treasurer on May 26, 2026, overseeing global finance, accounting, budgeting, and investor relations, which is expected to enhance the implementation of the company's strategic initiatives.
- Extensive Experience: Brenner previously served as CFO at NOVA Chemicals, where he successfully led a comprehensive refinancing program and transformation initiatives that resulted in significant cash benefits, which will support Koppers' financial stability and growth.
- Leadership Transition: Current Interim CFO Brad Pearce will return to his role as Chief Accounting Officer on the same date, ensuring financial stability during the transition and continuing to advance strategic initiatives.
- Strategic Vision: Brenner expressed excitement about strengthening the company's financial foundation and driving sustainable growth at this critical stage, aiming to create long-term value for shareholders, reflecting Koppers' commitment to innovation and customer partnership.
See More
Koppers Q1 2026 Earnings: Restructuring and Outlook
- Production Restructuring: Koppers has decided to gradually wind down operations at its Stickney, Illinois facility by the end of 2026, which is expected to incur pretax charges of $227 million to $262 million, reflecting the company's strategic adjustments in response to raw material pricing pressures.
- Financial Performance: The company reported first-quarter sales of $455 million with adjusted EBITDA of $49 million, representing an EBITDA margin of 10.8%, demonstrating resilience in a high-cost environment.
- Future Outlook: While maintaining sales guidance for 2026 at $1.9 billion to $2.0 billion, the adjusted EBITDA forecast has been lowered to $240 million to $260 million, primarily due to the impact of rising oil prices driven by Middle Eastern conflicts.
- Capital Expenditure Plans: Koppers plans to invest between $10 million and $15 million in its coal tar distillation facility in Denmark over the next few years to strengthen its supply chain while keeping its annual maintenance CapEx budget at $55 million.
See More
Koppers to Shut Down Illinois Facility Amid Market Challenges
- Facility Closure Announcement: Koppers has announced plans to shut down its distillation and chemical manufacturing operations at the Stickney, Illinois facility, which may impact approximately 85 employees, driven by weak market conditions, rising costs, aging infrastructure, and lower raw material supplies.
- Financial Impact Estimates: The company expects pre-tax charges of $227 million to $262 million through 2029, including non-cash charges of $170 million to $195 million in Q2 and Q3 of 2026, indicating a significant financial burden associated with the facility closure.
- Cash Flow Improvement Outlook: Despite the challenges of the closure, Koppers anticipates an annual free cash flow improvement of $15 million to $25 million and adjusted EBITDA savings of $15 million to $20 million starting in 2027, demonstrating long-term financial sustainability.
- Earnings Per Share Boost: Following the transition of operations to the Nyborg, Denmark plant, Koppers expects adjusted EPS to benefit by $1.00 to $1.20 per share, indicating potential for profit growth post-strategic shift.
See More
Koppers Q1 Earnings Exceed Expectations
- Earnings Beat Expectations: Koppers Holdings reported a Q1 non-GAAP EPS of $0.57, exceeding expectations by $0.19, indicating a strong rebound in the company's profitability.
- Revenue Slightly Declines but Beats Forecast: Revenue decreased by 0.3% year-over-year to $455.3 million, yet it surpassed market expectations by $65.2 million, demonstrating the company's resilience in a challenging market.
- Significant Cash Flow Improvement: Operating cash flow reached $46.3 million, a substantial recovery from a negative $22.7 million in the prior year, highlighting positive developments in cash management and operational efficiency.
- Positive Free Cash Flow: Free cash flow amounted to $34.9 million, a notable improvement from a negative $37.0 million last year, reflecting effective strategies in capital expenditure control and asset management.
See More
Koppers Reports Strong Q1 2026 Results Amid Market Challenges
- Stable Sales Performance: Koppers reported net sales of $455.3 million in Q1 2026, a slight decrease of 0.3% from $456.5 million in Q1 2025, indicating resilience amidst competitive pressures despite a challenging overall market environment.
- Significant Profit Improvement: The company achieved a net income of $7.1 million, a remarkable turnaround from a loss of $13.9 million in the same quarter of 2025, reflecting positive progress in cost control and market share gains.
- Decline in Adjusted EPS: Adjusted earnings per share fell to $0.57 from $0.71 in 2025, a decrease of 19.7%, highlighting ongoing pressure on profitability due to rising raw material costs, particularly in the Carbon Materials and Chemicals segment.
- Updated 2026 Outlook: Koppers forecasts net sales between $1.9 billion and $2.0 billion for 2026, with adjusted EBITDA expected to range from $240 million to $260 million; despite a projected $10 million impact from rising oil prices, the company remains optimistic about underlying demand in its markets.
See More
