Supported via Robust Money Wave Life
Complements Shareholder Price thru Disciplined Capital Allocation
PITTSBURGH, Feb. 27, 2025 /PRNewswire/ — Koppers Holdings Inc. (NYSE: KOP), an built-in world supplier of handled log merchandise, log remedy chemical compounds and carbon compounds, as of late introduced that its Board of Administrators licensed a $100 million proportion repurchase program. The repurchase program replaces the corporate’s earlier proportion repurchase program of $100 million, which was once licensed in August 2021 and had roughly $11 million too much.
This motion displays the ongoing self assurance that Koppers Board of Administrators and control have within the corporate’s progressed distant money wave profile, which supplies the power to go back significant capital to shareholders.
Leading Monetary Officer Jimmi Sue Smith mentioned, “We are pleased with the share repurchase authorization, which supports Koppers commitment to a flexible and balanced capital allocation policy that pivots where capital is deployed based upon strategic needs and expected returns. With growth investment projects in our 2025 strategic plan substantially completed, we anticipate lower capital expenditures and higher free cash flow in 2025 and beyond, which we plan to allocate to debt reduction and share repurchases. So long as our trailing enterprise value multiple lags our long-term average and we see improved future performance, we plan to aggressively repurchase shares within the constraints of our credit agreement, while also reducing debt and leverage, which we expect to be within our long-term targeted range of 2 to 3 times net debt to adjusted EBITDA by the end of 2025.”
Koppers is permitted to repurchase stocks and can believe whether or not to take action from presen to presen, according to many elements, together with marketplace and financial situations, appropriate prison necessities, and alternative trade issues. The proportion repurchase program has refuse termination generation and could also be suspended or discontinued at any presen.
About Koppers
Koppers (NYSE: KOP) is an built-in world supplier of crucial handled log merchandise, log preservation applied sciences and carbon compounds. Our workforce of two,100 workers develop, offer protection to and saving key parts of our world infrastructure – together with railroad crossties, worth poles, out of doors picket buildings, and manufacturing feedstocks for metal, aluminum and development fabrics, amongst others – making use of many years of industry-leading experience past continuously innovating to look ahead to the wishes of the next day. In combination we’re offering guard and sustainable answers to allow rail transportation, secure energy flowing, and develop areas of pleasure for crowd far and wide. Protective What Issues, Retaining The Hour. Be told extra at Koppers.com.
Inquiries from the media will have to be directed to Ms. Jessica Franklin Lightless at [email protected] or 412-227-2025. Inquiries from the funding people will have to be directed to Ms. Quynh McGuire at [email protected] or 412-227-2049.
Defend Harbor Observation
Positive statements on this press loose are “forward-looking statements” throughout the which means of the Non-public Securities Litigation Reform Occupation of 1995 and might come with, however don’t seem to be restricted to, statements about gross sales ranges, acquisitions, restructuring, declines within the worth of Koppers belongings and the impact of any ensuing impairment fees, profitability and expected bills and money outflows. All forward-looking statements contain dangers and uncertainties.
All statements contained herein that don’t seem to be obviously ancient in nature are forward-looking, and phrases similar to “outlook,” “guidance,” “forecast,” “believe,” “anticipate,” “expect,” “estimate,” “may,” “will,” “should,” “continue,” “plan,” “potential,” “intend,” “likely,” or alternative matching phrases or words are typically meant to spot forward-looking statements. Any forward-looking observation contained herein, in alternative press releases, written statements or alternative paperwork filed with the Securities and Trade Fee, or in Koppers communications and discussions with traders and analysts within the commonplace path of industrial thru conferences, telephone yells and convention yells, relating to while dividends, expectancies with recognize to gross sales, income, money flows, working efficiencies, restructurings, price aid efforts, some great benefits of acquisitions, divestitures, joint ventures or alternative issues in addition to financings and debt aid, are topic to identified and unknown dangers, uncertainties and contingencies.
Many of those dangers, uncertainties and contingencies are past our keep an eye on, and might motive original effects, efficiency or achievements to range materially from expected effects, efficiency or achievements. Components that may have an effect on such forward-looking statements come with, amongst alternative issues, availability of and fluctuations within the costs of key uncooked fabrics, together with coal tar, lumber and scrap copper; the have an effect on of adjustments in commodity costs, similar to oil, copper and chemical compounds, on product margins; the level of the dependence of positive of our companies on positive marketplace sectors and consumers; financial, political and environmental situations in global markets, together with governmental adjustments, price lists, restrictions on industry and restrictions at the talent to switch capital throughout international locations; normal financial and trade situations; doable difficulties in protective our highbrow component; the scores on our debt and our talent to pay off or refinance our exceptional indebtedness because it matures; our talent to function throughout the obstacles of our debt covenants; sudden trade disruptions; doable delays in timing or adjustments to anticipated advantages from price aid efforts; doable impairment of our kindness and/or long-lived belongings; call for for Koppers items and products and services; aggressive situations; capital marketplace situations, together with rates of interest, borrowing prices and foreign currency echange charge fluctuations; disruptions and inefficiencies within the provide chain; adjustments in rules; the have an effect on of environmental rules and rules; adverse answer of claims in opposition to us, in addition to the ones mentioned extra absolutely in different places on this loose and in paperwork filed with the Securities and Trade Fee via Koppers, in particular our untouched annual document on Mode 10-Okay and any next filings via Koppers with the Securities and Trade Fee. Any forward-looking statements on this loose discuss handiest as of the generation of this loose, and we adopt refuse legal responsibility to replace any forward-looking observation to replicate occasions or cases then that generation or to replicate the prevalence of unanticipated occasions.
For Data:
Quynh McGuire, Vice President, Investor Members of the family
412 227 2049
[email protected]
SOURCE KOPPERS HOLDINGS INC.
