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Revenue: $485 million, down 12% from the prior year.

Adjusted EBITDA: $70.9 million, compared to $77.4 million last year.

Adjusted EPS: $1.21 per share, compared to $1.37 last year.

SG&A Savings: Down 14% on an adjusted basis, equating to over $19 million in savings.

Net Debt: $885 million, approximately $45 million lower than June 30.

Net Leverage Ratio: 3.4 times.

Available Liquidity: $379 million.

Capital Expenditures: $38.4 million gross, $33.7 million net.

Quarterly Dividend: $0.08 per share, annual dividend of $0.32 per share for 2025.

Segment Sales: Rups: $233 million; PC: $144 million; CMC: $108 million.

Segment Adjusted EBITDA Margins: Rups: 12.5%; PC: 18.1%; CMC: 14.4%.

2025 Sales Guidance: Revised to $1.9 billion.

2025 Adjusted EBITDA Forecast: $255 million to $260 million.

2025 Adjusted EPS Range: $4 to $4.15 per share.

2025 Capital Spending Projection: $52 million to $55 million.

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Release Date: November 07, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Koppers Holdings Inc (NYSE:KOP) achieved significant cost savings, with SG&A down 14% on an adjusted basis, equating to over $19 million in savings.

The company delivered adjusted EBITDA margins not seen in years, demonstrating effective cost management.

Koppers Holdings Inc (NYSE:KOP) improved safety metrics, with a 23% decline in recordable injury rates and a 72% reduction in serious safety incidents.

The company completed the sale of its railroad structures business, simplifying its portfolio and focusing on more synergistic operations.

Koppers Holdings Inc (NYSE:KOP) is making strides in its Catalyst initiative, aiming for $80 million in ongoing benefits by 2028, with over $40 million expected in 2025 alone.

Sales for the third quarter were down 12% compared to Q3 2024, continuing a downward trend throughout 2025.

Adjusted EPS for Q3 2025 was $1.21 per share, down from $1.37 in the previous year, impacted by lower top-line performance.

The performance chemicals segment saw a 19% decrease in volumes, primarily due to market share shifts in the United States.

The CMC segment experienced a 16% decrease in sales, driven by lower volumes for phthalic anhydride after discontinuation.

The railroad products and services segment faced a 7% decline in treated tie sales units, with Class 1 units down almost across the board.

Q: Leroy, regarding slide 23, you've taken expenses out of CMC and Rups, but PC has the lowest expense capture. Is there a reason for this, or do you expect market rebounds? A: Leroy Ball, CEO: Costs have been taken out of PC, but we are cautious not to cut too deeply as we aim to expand and win back business. PC is a future focus for us, and we want to ensure we maintain our capabilities to grow and innovate in this area.

Q: With the objective of PC and Rups being over 85% of sales, does this mean further shrinking of CMC? A: Leroy Ball, CEO: Yes, we are focused on growing UIP and PC, while CMC is on a secular downturn. We expect CMC to become a smaller part of the organization as we evaluate its future role.

Q: Can you provide insight into your strategy for growing the utility pole business, either organically or through acquisition? A: Leroy Ball, CEO: We see opportunities in underserved markets and are expanding our supply chain and capabilities. The Brown acquisition has opened new doors, and we aim to provide a stable supply without starting a price war.

Q: With existing home sales stabilizing, do you have a baseline revenue for PC from which you can grow? A: Leroy Ball, CEO: We believe the current setback is temporary and expect more regular growth in the future. Our customers are cautious but anticipate a better year ahead, although they are not projecting significant growth yet.

Q: What are your closing remarks on the company's future outlook? A: Leroy Ball, CEO: Despite 2025's challenges, we are set up for greater success. Catalyst is yielding results, and we expect to become a higher-margin, higher-cash-flow business in the coming years. Thank you for your support and patience.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.