科佩斯控股 2024年度报告

Other Data Set forth above are a line graph and table comparing the cumulative total returns (assuming reinvestment of dividends) during the periodcommencing December 31, 2019, and ending December 31, 2024, of $100 invested in each of Koppers Holdings Inc.’s common stock, the Standard& Poor’s SmallCap 600 Materials Index and the Russell 2000 Index. Because our competitors are principally privately held concerns or subsidiariesor divisions of corporations engaged in multiple lines of business, we do not believe it is feasible to construct a peer group industry comparison.We include the Standard & Poor’s SmallCap 600 Materials Index in this graph to serve as a published industry index because Koppers Holdings Inc.is a constituent of the Standard & Poor’s SmallCap 600 Materials Index, which includes corporations both larger and smaller than Koppers, andhas an average market capitalization similar to ours. Additionally, we include in this graph the Russell 2000 Index, of which we are a constituent,as a broad equity market index. The Russell 2000 Index is comprised of issuers with generally similar market capitalizations to that of KoppersHoldings Inc. DEAR FELLOW SHAREHOLDERS strategy to Expand our market presence andOptimize our operating footprint in Kopperscore infrastructure-related markets. Despitethe multitude of challenges we encountered,our global base of dedicated team membersfought through and delivered anotheryear of strong performance with severalaccomplishments for which we should allfeel proud. encouraged by our team’s progress to createa foundation for a connected world throughour diverse portfolio of leading products andservices. Recapping 2024 Guided by our values of People, Planet, andPerformance, this past year saw us takingstrides forward in each of those three areas.We continued to demonstrate our value forPeople through our Zero Harm philosophyto safety. Approximately half of all facilitiesworldwide performed accident-free in2024, which led to our lowest recordableincident rate in company history. Also, for short of our aggressive targets, 2024 stillrepresented another year of growth comingoff of an amazingly strong 2023. I remain the second straight year, we recorded ourhighest employee engagement levels, whichis the foundation for any high-performingorganization. continues to enable us to weather thechallenges that any one of our businessesmight be facing at a particular time. Thiswas once again proven true this pastyear as three of our four main businessesstruggled and fell short of expectations asthey found themselves at or near troughlevels, based on comparisons with historicaltrends. Meanwhile, Performance Chemicals(PC) had its strongest year to date, morethan offsetting the shortfalls from theothers. As we look to 2025, we are alreadyexperiencing challenges and have takencertain preemptive actions to address themwhile other plans are in development. Here isa review of the current competitive realitiesin each of our segments: We demonstrated our value for the Planetthrough our continued commitmentto strong sustainability principles. Wecontinued to receive external accolades, asNewsweeknamed Koppers one of America’sconsecutive year, and as one of America’saddition, for the second year in a row, wewere named toUSA Today’s list of America’sClimate Leaders. In terms of Performance, 2024 saw Koppersthree quarters of the year that exceededprior year in several key metrics amid anincreasingly competitive environment.performance: In our Railroad and Utility Products andServices (RUPS) segment, demand isprojected to improve over a weaker-than-expected 2024. The additional volume,a portion coming through market sharegrowth, will help drive better fixed costabsorption at our plants, while we continueto reduce cost by eliminating work performedfor certain customers from whom we arenot receiving compensation. In that samevein, we are changing our crosstie recoverymodel to wind down the disposal aspect,as unfortunately we have been unable toconvince our Class I customers that the safetyare worth the premium needed to make theeconomics work. While I am disappointed,we will be able to drive more consistent •Consolidated sales of $2.09 billion.•Net income attributable to Koppers of$52.4 million.•Adjusted earnings before interest, taxes,depreciation, and amortization (EBITDA)of $261.6 million.•Operating cash flow of $119.4 million,the sixth consecutive year of deliveringmillion.•Diluted earnings per share of $2.46.•Adjusted earnings per share of $4.11. also lowering our capital requirements.Overall, our Railroad Products and Services(RPS) business continues to have a strongmarket presence in providing treatedcrossties and a well-earned reputation forquality and service that we believe will makeus a preferred supplier for years to come.This past year saw our Utility and Industrialto grow its presence outside of its traditionalgeographic markets in the eastern UnitedStates, as the overall