The following is a summary of the Koppers Holdings Inc. (KOP) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Q2 2024 sales reached $563.2 million, a decrease of $14 million versus the previous year.

• Adjusted EBITDA hit a new quarterly record of $77.5 million, with a margin of 13.8%, the highest since Q2 2021.

• Diluted earnings per share increased to $1.25 from $1.15 year-over-year, and adjusted earnings per share rose to $1.36 from $1.26.

• Operating cash flow in Q2 2024 doubled compared to Q2 2023.

Business Progress:

• Unveiled the $27 million enhanced carbon products facility in Nyborg.

• The acquisition of Brown Wood Preserving Company, improving the company's capacity and operational flexibility.

• Continuation of the Zero Harm 2.0 initiative, with 28 out of 47 facilities worldwide reporting zero accidents.

• Progress in the Texas market, achieving 40% of the long-term market penetration goal within six months.

Opportunities:

• The ability to leverage new facilities for high-quality anode or impregnation pitch, and potentially for the lithium ion battery market presents an opportunity for higher value product sales and reduced volatility in the CM&C segment.

Risks:

• Global market conditions and customer negotiations affecting pricing and sales in the RUPS segment pose potential risks.

More details: Koppers IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.