The 10-second takeaway
For the quarter ended March 31 (Q1), Koppers Holdings missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share contracted significantly.
Margins dropped across the board.
Koppers Holdings booked revenue of $370.4 million. The four analysts polled by S&P Capital IQ predicted a top line of $383.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.54. The seven earnings estimates compiled by S&P Capital IQ forecast $0.65 per share. Non-GAAP EPS of $0.54 for Q1 were 27% lower than the prior-year quarter's $0.74 per share. GAAP EPS of $0.53 for Q1 were 28% lower than the prior-year quarter's $0.74 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 13.5%, 70 basis points worse than the prior-year quarter. Operating margin was 6.7%, 100 basis points worse than the prior-year quarter. Net margin was 3.0%, 110 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $429.1 million. On the bottom line, the average EPS estimate is $1.16.
Next year's average estimate for revenue is $1.64 billion. The average EPS estimate is $3.70.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 169 members out of 179 rating the stock outperform, and 10 members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Koppers Holdings a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Koppers Holdings is buy, with an average price target of $50.83.
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