Recap: Koppers Hldgs Q1 Earnings - Koppers Hldgs (NYSE:KOP)

Koppers Hldgs KOP reported its Q1 earnings results on Friday, May 5, 2023 at 08:00 AM.

Here's what investors need to know about the announcement.

Koppers Hldgs beat estimated earnings by 57.75%, reporting an EPS of $1.12 versus an estimate of $0.71.

Revenue was up $54.10 million from the same period last year.

Last quarter the company beat on EPS by $0.17 which was followed by a 1.93% increase in the share price the next day.

Here's a look at Koppers Hldgs's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.92	1.17	1.15	0.84
EPS Actual	1.09	1.19	0.97	0.91
Revenue Estimate	506.50M	555.00M	491.00M	426.67M
Revenue Actual	482.60M	536.10M	502.50M	459.30M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Koppers Hldgs management provided guidance for FY 2023, expecting earnings between $4.4 and $4.4 per share.

To track all earnings releases for Koppers Hldgs visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.