KOP on NYSE

Koppers

Logo: FaridShavkatullayev, CC BY-SA 4.0, via Wikimedia Commons5

Pittsburgh-based chemical company

Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

1988Founded1

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  • TickerKOP on NYSE1
  • IndustryLumber & Wood Products (No Furniture)1
  • HeadquartersPittsburgh1
  • Founded inChicago1
  • Websitewww.koppers.com
  • Legal formBusiness Corporation4
  • LEILTO4ZL5EBDR1NE6FGJ364
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 15219 Pittsburgh, United States4
  • Registered withPennsylvania Department of State, 10495184

Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

8.9%Operating margin7
3.0%Net margin7
-10.2%Revenue growth, 20257
9.8%Return on equity7
1.59×Debt to equity7
$67.5MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Railroad And Utility Products And Services brought in 69% of the revenue Koppers broke down this way in fiscal 2025.

  1. Railroad And Utility Products And Services$926.8M769%down 2% from 2024
  2. Carbon Materials And Chemicals$408.7M731%down 18% from 2024
Business segments by year
Business segments202320242025
Railroad And Utility Products And Services$897.9M$942.7M$926.8M
Carbon Materials And Chemicals$584.7M$497.8M$408.7M

Regions

United States brought in 68% of the revenue Koppers broke down this way in fiscal 2025.

  1. United States$1.3B768%down 13% from 2024
  2. Australia$249.0M713%up 1% from 2024
  3. Other Countries$177.9M79%down 5% from 2024
  4. Europe$171.5M79%down 6% from 2024
Regions by year
Regions202320242025
United States$1.5B$1.5B$1.3B
Australia$265.0M$247.0M$249.0M
Other Countries$207.8M$187.9M$177.9M
Europe$213.3M$181.6M$171.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue76¢$1.4B
  • Selling, general and admin8¢$154.9M
  • Other costs11¢$211.7M
  • Income tax1¢$25.2M
  • Profit3¢$56.0M

Out of $1.9B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending45¢$55.0M
  • Dividends paid5¢$6.4M
  • Share buybacks31¢$38.2M
  • Kept or used elsewhere19¢$22.9M

Out of $122.5M of cash from operations.7

Financial statements

Revenue8910117$1.9B in 2025+15% since 2019
0$1.0B$2.0B$3.0B2019: $1.6B$1.6B20192020: $1.7B$1.7B2020+2%2021: $1.7B$1.7B2021+1%2022: $2.0B$2.0B2022+18%2023: $2.2B$2.2B2023+9%2024: $2.1B$2.1B2024−3%2025: $1.9B$1.9B2025−10%
Operating income8910117$167.8M in 2025+34% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $125.0M$125.0M20192020: $156.7M$156.7M2020+25%2021: $156.5M$156.5M2021−0%2022: $137.7M$137.7M2022−12%2023: $195.2M$195.2M2023+42%2024: $148.2M$148.2M2024−24%2025: $167.8M$167.8M2025+13%
Net income8910117$56.0M in 2025−16% since 2019
0$50.0M$100.0M$150.0M2019: $66.6M$66.6M20192020: $122.0M$122.0M2020+83%2021: $85.2M$85.2M2021−30%2022: $63.4M$63.4M2022−26%2023: $89.2M$89.2M2023+41%2024: $52.4M$52.4M2024−41%2025: $56.0M$56.0M2025+7%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Net sales$1.9B$2.1B$2.2B
Cost of sales$1.4B$1.7B$1.7B
Depreciation and amortization$73.6M$67.5M$57.0M
Selling, general and administrative$154.9M$179.3M$174.1M
Impairment and restructuring$51.9M$16.9M$0
(Gain) loss on sale of assets-$400.0K$10.7M-$1.8M
Operating profit$167.8M$148.2M$195.2M
Other income, net$6.6M$1.3M$400.0K
Interest expense$66.1M$76.2M$71.0M
Loss on pension settlement$27.1M$4.0M$0
Income before income taxes$81.2M$69.3M$124.6M
Income tax provision$25.2M$20.7M$34.8M
Net income$56.0M$48.6M$89.8M
Net income (loss) attributable to noncontrolling interests$0-$3.8M$600.0K
Net income attributable to Koppers$56.0M$52.4M$89.2M
Basic (in dollars per share)$2.82$2.54$4.28
Diluted (in dollars per share)$2.74$2.46$4.14
Basic (in shares)19.9M shares20.7M shares20.8M shares
Diluted (in shares)20.4M shares21.3M shares21.5M shares

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The story

Founded by Heinrich Koppers in 1988, in Chicago.1

In 1912 immigrant German engineer Heinrich Koppers founded Koppers Company in Chicago, Illinois. In 1915 the organization moved to Pittsburgh, Pennsylvania. The company founder's interest in the company was bought out by Pittsburgh financier Andrew Mellon, who became a large shareholder. The landmark Koppers Building in downtown Pittsburgh opened in 1929.

In 1943, Koppers, at the US government's behest, built a factory in Kobuta, Pennsylvania on the Ohio River downriver from Beaver, to manufacture styrene-butadiene monomer, a building block used to make a form of synthetic rubber for the World War II defense effort.

In 1951, at Port Arthur, Texas, the company built a plant to manufacture ethylbenzene, using as raw materials ethylene from the nearby Gulf Oil refinery, and benzene, which was a byproduct of the company's coke ovens in Pennsylvania, which was shipped to Texas by barge. The ethylbenzene produced there was then shipped by barge back to the Kobuta plant where it was converted to styrene monomer, and then polymerized to make expandable polystyrene. In the early 1950s, the company purchased a license to manufacture polyethylene at its Port Arthur plant. These chemical operations later were the basis for forming a new corporate entity with Sinclair Oil Corporation to form the Sinclair-Koppers Company in 1965.

In the 1960s, Koppers opened a Noise Control division and manufactured prefabricated sound traps.

In 2001, the company had to close a wood treatment plant in Oroville, California due to contamination of the 205 acre facility and the surrounding area. Chemicals like PCP and chromium were found to have been leaked into the local drinking water supply.

In August 2023, the company amounted that they would invest $17 Million USD to establish new manufacturing facility in Louisiana.

From Wikipedia’s article on Koppers, shared under CC BY-SA 4.0.6

Leadership

Who has led Koppers, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (46)

Products and brands

  • coal tar pitch

Listed on Wikidata.1

International business interests

Koppers operates facilities in the United States, Canada, United Kingdom, Denmark, Australia, New Zealand and China. The coal tar processor Cindu Chemicals in the Netherlands was acquired in 2010. Koppers sources coal tar from around the world for further processing by distillation into carbon chemicals.

Products

In North America, Koppers is the largest provider of railroad crossties for the Class I Railroads and are known for pre-plated crossties.

Koppers Carbon Materials and Chemicals are used in the production of a variety of manufactured goods including aluminum, steel, plastics, resins, treated wood, and rubber products. These products also increase the durability and extend the life of products such as railroad ties, utility and transmission poles, and marine pilings. A Koppers primary raw material is coal tar. Asphalt sealants produced from coal tar contain benzo(a)pyrene and other toxic chemicals known collectively as polycyclic aromatic hydrocarbons, or PAHs.

From Wikipedia’s article on Koppers, shared under CC BY-SA 4.0.6

Acquisitions

In early 1988 Beazer, a British conglomerate run by one of the foremost corporate raiders of the 1980s, successfully launched a hostile takeover of Koppers Company for $1.81 billion ($5.1 billion today). The sale was completed on June 17, 1988. A smaller, more streamlined domestic business unit of Koppers Company, Koppers Industries was bought back by local management later in 1988. Although much simpler than the once sprawling chemical and aggregate conglomerate of the early-to-mid 20th century, Koppers Industries once again become successful at its core businesses. In 2006 the new Beazer-free independent Koppers Incorporated again went public.

From Wikipedia’s article on Koppers, shared under CC BY-SA 4.0.6

Timeline

  1. Jan 6, 2015New chief executive M. Leroy Ball becomes CEO15
  2. Jan 31, 2006New chief executive Walter W. Turner becomes CEO16
  3. 1988Founded Founded in Chicago1

Filings

518 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 45 major events, 349 insider forms, 29 large holders, 75 other. The latest 20:

  1. Oct 8, 2026SCHEDULE 13G/A EDGAR
  2. Sep 15, 20264 EDGAR
  3. Sep 15, 20264 EDGAR
  4. Sep 15, 20264 EDGAR
  5. Sep 15, 20264 EDGAR
  6. Sep 1, 20264 EDGAR
  7. Aug 20, 20264 EDGAR
  8. Aug 13, 20264 EDGAR
  9. Aug 12, 2026144 EDGAR
  10. Aug 12, 20264 EDGAR
  11. Aug 11, 2026144 EDGAR
  12. Aug 11, 20264 EDGAR
  13. Aug 11, 20264 EDGAR
  14. Aug 10, 2026144 EDGAR
  15. Aug 7, 2026144 EDGAR
  16. Aug 6, 202610-Q EDGAR
  17. Aug 6, 20268-K EDGAR
  18. Jul 31, 2026SCHEDULE 13G/A EDGAR
  19. Jun 23, 20264 EDGAR
  20. Jun 17, 20264 EDGAR

The 518 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.3,047,603$136.8M0.0%+2,491
Simcoe Capital Management, LLC1,416,160$63.6M12.3%+471,730
Dimensional Fund Advisors LP1,237,249$55.6M0.0%+45,891
Pzena Investment Management LLC1,061,285$47.7M0.1%−148,091
Fuller & Thaler Asset Management, Inc.943,279$42.4M0.1%−35,311
American Century Companies Inc848,068$38.1M0.0%+313,066
Vanguard Capital Management LLC812,629$36.5M0.0%−27,817
State Street Corp804,553$36.1M0.0%+52,289
Vanguard Portfolio Management LLC539,047$24.2M0.0%+8,515
Geode Capital Management, LLC483,417$21.7M0.0%+15,808
Quaker Capital Investments, LLC408,555$18.3M5.0%−49,297
Charles Schwab Investment Management Inc384,122$17.2M0.0%−93,756
Invesco Ltd.332,605$14.9M0.0%+147,019
Ameriprise Financial Inc285,656$12.8M0.0%+23,868
Two Sigma Investments, LP266,052$11.9M0.0%−151,484
Northern Trust Corp253,481$11.4M0.0%+8,318
Morgan Stanley242,924$10.9M0.0%+21,388
Dana Investment Advisors, Inc.231,399$10.4M0.3%−3,836
Bank of New York Mellon Corp222,570$10.0M0.0%−1,686
Arrowstreet Capital, Limited Partnership189,200$8.5M0.0%+27,128
Goldman Sachs Group Inc158,809$7.1M0.0%+13,964
Bridgeway Capital Management, LLC153,740$6.9M0.1%+6,214
Huntington National Bank146,587$6.6M0.0%−10,512
Principal Financial Group Inc136,719$6.1M0.0%+1,133
Universal- Beteiligungs- und Servicegesellschaft mbH130,584$5.9M0.0%+734

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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