PITTSBURGH, PA–(Marketwired – Jul 15, 2013) – Koppers Holdings Inc. ( NYSE : KOP ) appear today a abridgement in ahead appear 2013 anniversary and anniversary accumulation guidance. The aggregation now expects additional division Adjusted EPS to be in the ambit of $0.66-$0.70 per share, bottomward from ahead appear advice of about $1.00 per share, and for 2013 Adjusted EPS to be lower than 2012 Adjusted EPS of $3.27 per share.
The company’s additional division after-effects accept been abnormally impacted by animation in appeal and appraisement for assertive articles primarily as a aftereffect of the depressed abridgement in Europe. In accession to lower than accepted artefact appraisement and advantage from our European operations, sales volumes and prices for phthalic anhydride, carbon pitch, and creosote in North America were abnormally impacted by lower priced European imports. Additional factors impacting the company’s phthalic anhydride volumes included adventitious assembly outages by assertive barter and delays in chump orders as a aftereffect of advancing reductions in pricing. Profit for the division was additionally abnormally impacted by wet acclimate in the Eastern United States that bargain appeal for assertive melancholia articles for the Carbon Materials and Chemicals business.
Walter W. Turner, President and CEO of Koppers, said, “While the abiding bazaar fundamentals for our amount articles abide to be adorable on a all-around basis, the near-term bloom of those markets has attenuated added during the additional quarter. The airy bread-and-er bearings in Europe, which has afflicted our banking after-effects for the accomplished four quarters, is additionally impacting our North American markets through increased imports of carbon and actinic products that have placed cogent accent on artefact appraisement and volumes.”
Mr. Turner continued, “I am assured that these are concise issues; however, we apprehend that the accepted animation will abide through the of 2013 and activate to balance in 2014. I anticipate that the additional bisected of 2013 will be bigger than the aboriginal bisected as we abide to apparatus assorted initiatives to abate costs and advance profitability. We are currently alive on several projects aimed at both top and basal band advance and apprehend to accept several announcements during the balance of the year outlining added specific plans.”
The after-effects in this columnist absolution are preliminary, and are accountable to final closing of the banking statements. The aggregation affairs to affair its additional division after-effects afore the markets accessible on Thursday, August 8, 2013, and to altercate its after-effects on a appointment alarm afterwards that day at 11:00 AM EDT. See the company’s abode on Form 8-K filed May 3, 2013 for reconciliations of Net Income Attributable to Koppers to Adjusted Net Income and Diluted Balance per Allotment to Adjusted Balance per Share.
Interested parties may admission the alive audio advertisement by dialing 877 941 0843 in the United States/Canada, or 1 480 629 9819 for international, Appointment ID cardinal 4630443. Investors are requested to admission the alarm at atomic bristles account afore the appointed alpha time in adjustment to complete a abrupt registration. An audio epitomize will be accessible about two hours afterwards the achievement of the alarm at 800 406 7325 or 1 303 590 3030, Appointment ID cardinal 4630443. The recording will be accessible for epitomize through August 22, 2013.
The alive advertisement of the Koppers appointment alarm will be accessible online: http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=194019&eventID=4988351. (Due to the breadth of this URL, it may be all-important to archetype and adhesive this hyperlink into your Internet browser’s URL abode field.)
If you are clumsy to participate during the alive webcast, the alarm will be archived on www.koppers.com, www.streetevents.com and www.earnings.com anon afterwards the alive alarm and continuing through August 22, 2013.
Koppers, with accumulated abode and a analysis centermost in Pittsburgh, Pennsylvania, is a all-around chip ambassador of carbon compounds and advised copse products. Including its collective ventures, Koppers operates accessories in the United States, United Kingdom, Denmark, The Netherlands, Australia and China. The banal of Koppers Holdings Inc. is about traded on the New York Banal Barter beneath the attribute “KOP.” For added information, appointment us on the Web: www.koppers.com. Questions apropos broker relations should be directed to Leroy M. Ball at 412 227 2118 or Michael W. Snyder at 412 227 2131.
Safe Harbor Statement
This account absolution may accommodate advanced statements based on management’s accepted expectations, estimates and projections. All statements that abode expectations or projections about the future, including statements about the company’s action for growth, artefact development, bazaar position, accepted expenditures and banking after-effects are advanced statements. Some of the advanced statements may be articular by words like “expects,” “anticipates,” “plans,” “intends,” “projects,” “indicates,” and agnate expressions. These statements are not guarantees of approaching achievement and absorb a cardinal of risks, uncertainties and assumptions. Many factors, including those discussed added absolutely abroad in this absolution and in abstracts filed with the Securities and Barter Commission by Koppers, decidedly its latest anniversary abode on Form 10-K and anniversary abode on Form 10-Q, as able-bodied as others, could account after-effects to alter materially from those stated. These factors include, but are not bound to, changes in the laws, regulations, behavior and bread-and-er conditions, including inflation, absorption and adopted bill barter rates, of countries in which the Aggregation does business; aggressive pressures; the accident of one or added key chump or supplier relationships; chump insolvencies; acknowledged affiliation of structural changes, including restructuring plans, acquisitions, divestitures and alliances; amount and availability of raw materials; and added economic, business, competitive, authoritative and/or operational factors affecting the business of Koppers generally.
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