Koppers Q1 Net Income of $7.1M, Operating Cash Flow of $46.3M
Koppers swung to a $7.1 million Q1 2026 profit from a $13.9 million loss and produced $46.3 million operating cash flow and $34.9 million free cash flow. Net sales were $455.3 million (-0.3%), with Performance Chemicals up 17.5%, while adjusted EBITDA fell 11.2% to $49.3 million on weaker Carbon Materials.
1. Q1 Financial Highlights
Koppers reported net income of $7.1 million for the quarter, reversing a $13.9 million loss from Q1 2025. Diluted EPS reached $0.35, and adjusted EPS was $0.57. Net sales totaled $455.3 million, slightly down 0.3% year over year, while adjusted EBITDA declined to $49.3 million.
2. Segment Performance
The Performance Chemicals segment saw sales rise 17.5% to $142.1 million and adjusted EBITDA increase 28.4% to $25.8 million. Railroad and Utility Products sales fell 6.4% to $220.0 million with EBITDA down 11.4%, and Carbon Materials sales declined 7.4% to $93.2 million with EBITDA plunging 90.9% to $0.9 million.
3. Cash Flow and Capital Expenditures
Operating cash flow improved to $46.3 million from a $22.7 million outflow last year, and free cash flow turned positive at $34.9 million versus a $37.0 million deficit. Capital expenditures totaled $11.4 million, up from $10.0 million in the prior year period.