Koppers (KOP) Wraps Up Acquisition of Brown Wood Preserving

Zacks04-05

Koppers Holdings Inc. KOP successfully wrapped up the acquisition of a significant portion of Brown Wood Preserving Company, Inc.'s assets, alongside certain affiliates, for approximately $100 million...

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KOP successfully wrapped up the acquisition of a significant portion of Brown Wood Preserving Company, Inc.'s assets, alongside certain affiliates, for approximately $100 million...</p>\n\n<a href=\"https://finance.yahoo.com/news/koppers-kop-wraps-acquisition-brown-171800660.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Koppers (KOP) Wraps Up Acquisition of Brown Wood Preserving</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKoppers (KOP) Wraps Up Acquisition of Brown Wood Preserving\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-05 01:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/koppers-kop-wraps-acquisition-brown-171800660.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Koppers Holdings Inc. KOP successfully wrapped up the acquisition of a significant portion of Brown Wood Preserving Company, Inc.'s assets, alongside certain affiliates, for approximately $100 million...</p>\n\n<a href=\"https://finance.yahoo.com/news/koppers-kop-wraps-acquisition-brown-171800660.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2065732104.USD","symbol_name":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/koppers-kop-wraps-acquisition-brown-171800660.html","article_id":"2425349463","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/rkRlfJUbFheDXif9qCKV2A--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/236d157ebb08cbf8ff3dbacf7ce7623b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2425349463","pubTimestamp":1712251080,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Koppers Holdings Inc. KOP successfully wrapped up the acquisition of a significant portion of Brown Wood Preserving Company, Inc.'s assets, alongside certain affiliates, for approximately $100 million in cash. Completed through its subsidiary, Koppers Utility and Industrial Products Inc. , this acquisition sees Brown Wood, well-known for its production of pressure-treated wood utility poles, integrating into Koppers UIP. KOP is a prominent player in treated wood products, wood treatment chemicals and carbon compounds globally.Expressing keen enthusiasm for the acquisition, Koppers highlights its strategic significance in reinforcing existing markets and forging pathways into new geographic regions. The inclusion of Brown Wood's assets into Koppers' portfolio amplifies sales and production capabilities within current markets and presents a promising avenue for expansion.With the acquisition completed, Koppers extends a warm welcome to the Brown Wood team, embracing them into the Koppers","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2065732104.USD":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0323240290.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AD\" INC","IE00B19Z6F94.USD":"Legg Mason Royce - US Smaller Companies A Acc USD","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","LU2092937221.SGD":"Blackrock Circular Economy A2 SGD-H","LU1923622614.USD":"Natixis Thematics Meta R/A USD","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","BK4588":"碎股","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","BK4090":"商品化工","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU1923622291.USD":"Natixis Thematics Safety R/A USD","CRS":"卡朋特科技","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","LU2125910179.SGD":"Natixis Thematics Water H-R/A SGD","LU2041044095.USD":"Blackrock Circular Economy A2 USD","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","ECL":"艺康集团","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","LU2125910336.SGD":"Natixis Thematics Water R/A SGD","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","LU1923621640.USD":"Natixis Thematics Water R/A USD","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","IOSP":"英诺斯派材料","BK4006":"钢铁","KOP":"科佩斯控股","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","BK4109":"特种化学制品"},"translate_title":"Koppers（KOP）完成收购棕色木材保存","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRS":1,"ECL":1,"KOP":1,"IOSP":1},"content_text":"Koppers Holdings Inc. KOP successfully wrapped up the acquisition of a significant portion of Brown Wood Preserving Company, Inc.'s assets, alongside certain affiliates, for approximately $100 million in cash. Completed through its subsidiary, Koppers Utility and Industrial Products Inc. (UIP), this acquisition sees Brown Wood, well-known for its production of pressure-treated wood utility poles, integrating into Koppers UIP. KOP is a prominent player in treated wood products, wood treatment chemicals and carbon compounds globally.\nExpressing keen enthusiasm for the acquisition, Koppers highlights its strategic significance in reinforcing existing markets and forging pathways into new geographic regions. The inclusion of Brown Wood's assets into Koppers' portfolio amplifies sales and production capabilities within current markets and presents a promising avenue for expansion.\nWith the acquisition completed, Koppers extends a warm welcome to the Brown Wood team, embracing them into the Koppers family. Recognizing the utility pole market as a burgeoning growth sector, Koppers is poised to capitalize on synergies between the two entities. Anticipating favorable industry trends, Koppers foresees a robust and enduring market for utility poles in the foreseeable future.\nAnticipated to contribute $15 million to $25 million in EBITDA in 2025, the transaction's impact on 2024 will be further detailed during Koppers' first-quarter earnings call in early May.\nShares of Koppers are up 67.5% in the past year compared with the industry’s fall of 4.9% in the same period.\nImage Source: Zacks Investment Research\nIn the fourth quarter, Koppers reported adjusted earnings of 67 cents per share, excluding one-time items compared with $1.09 per share a year ago, falling short of the Zacks Consensus Estimate of 72 cents. However, the company saw a 6% year-over-year increase in revenues, totaling $513.2 million, surpassing the Zacks Consensus Estimate of $496 million. The upside was primarily driven by record sales in the Railroad and Utility Products and Services segment, which can be attributed to higher pricing and volumes.\nLooking ahead to 2024, Koppers anticipates sales to reach approximately $2.25 billion, with adjusted EBITDA expected to be around $275 million for the year. The company forecasts adjusted earnings per share in the range of $4.60-$4.80 for 2024, along with capital expenditures of approximately $100 million for the year.\n\nKoppers Holdings Inc. Price and Consensus\n\nKoppers Holdings Inc. price-consensus-chart | Koppers Holdings Inc. Quote\n\n \nZacks Rank & Key Picks\nKoppers currently carries a Zacks Rank #3 (Hold).\nSome better-ranked stocks in the Basic Materials space are Carpenter Technology Corporation CRS and Ecolab Inc. ECL, each sporting a Zacks Rank #1 (Strong Buy), and Innospec Inc. IOSP,carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nThe consensus estimate for CRS’ current fiscal year earnings is pegged at $4 per share, indicating a year-over-year surge of 250.9%. CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 12.2%. The company’s shares have increased 76.9% in the past year.\nEcolab has a projected earnings growth rate of 22.65% for the current year. The Zacks Consensus Estimate for ECL’s current-year earnings has been revised upward by 5.4% in the past 60 days. ECL topped the consensus estimate in each of the last four quarters, with the average earnings surprise being 1.7%. The company’s shares have rallied 37.4% in the past year.\nThe consensus estimate for IOSP’s current fiscal year earnings is pegged at $6.72 per share, indicating a 10.3% year-over-year rise. IOSP beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 10.5%. The company’s shares have increased 22.9% in the past year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nEcolab Inc. (ECL) : Free Stock Analysis Report\nCarpenter Technology Corporation (CRS) : Free Stock Analysis Report\nKoppers Holdings Inc. (KOP) : Free Stock Analysis Report\nInnospec Inc. (IOSP) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2425349463"}