Koppers Holdings Reports Q4 EPS of $0.38 vs. $0.38

Koppers Holdings Inc. KOP today announced results for its fiscal 2010 fourth quarter. Consolidated sales for the fourth quarter of 2010 were 14%, or $37.5 million higher than sales in the prior year quarter. Net income attributable to Koppers for the quarter ended December 31, 2010, was $5.1 million, or $0.25 per diluted share as compared to a net loss attributable to Koppers of ($13.4) million, or ($0.66) per diluted share in the fourth quarter of 2009. Adjusted net income and adjusted diluted earnings per share amounted to $7.9 million and $0.38 per share for the three months ended December 31, 2010, compared to $4.7 million and $0.23 per share in the fourth quarter of 2009 after excluding net after-tax charges of $2.8 million in the fourth quarter of 2010 and $18.1 million for the fourth quarter of 2009.