The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Koppers Holdings beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly, and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Koppers Holdings reported revenue of $385.2 million. The five analysts polled by S&P Capital IQ foresaw revenue of $338.7 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $307.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.37. The seven earnings estimates compiled by S&P Capital IQ predicted $0.52 per share on the same basis. GAAP EPS were -$0.69 for Q4 compared to $0.24 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 12.6%, 10 basis points worse than the prior-year quarter. Operating margin was 5.7%, 10 basis points worse than the prior-year quarter. Net margin was -3.7%, 540 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $387.5 million. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $1.64 billion. The average EPS estimate is $3.58.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 165 members rating the stock outperform and 11 members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give Koppers Holdings a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Koppers Holdings is outperform, with an average price target of $46.17.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.