Koppers Cyclical Downturn Continues, Stock Can Become An Opportunity Soon
KOPKoppers Holdings(KOP) Seeking Alpha·2024-08-26 18:03

pkfawcett This article covers Koppers' (NYSE:KOP) 2Q24 results and earnings call. It also reviews the company's valuation and my hold rating from Q1. For the company's stronger seasonal quarter, revenues were negative YoY in PC and CMC. Timing factors in PC sustained aggregate margins; otherwise, they would have fallen. Management commented that the cyclical market challenges in PC and CMC will probably continue. As speculated in my last article, the market continued to drive the company's share price down ...