Koppers Holdings Inc. filed its Form 10-Q for the quarterly period ended June 30, 2026 with the U.S. Securities and Exchange Commission on August 6, 2026, reporting a net loss of $147.5 million for the second quarter driven by a large impairment and restructuring charge.

Key Highlights

  • Net loss of $147.5 million for the three months ended June 30, 2026, compared to net income of $16.4 million in the same period of 2025.
  • Impairment and restructuring charge of $215.8 million recorded in Q2 2026, versus $17.6 million in Q2 2025.
  • Net sales of $520.1 million for Q2 2026, up from $504.8 million in Q2 2025.
  • Basic and diluted loss per share of $7.71 for Q2 2026, compared to basic earnings of $0.83 and diluted earnings of $0.81 per share in Q2 2025.
  • Total assets of $1,722.3 million at June 30, 2026, down from $1,886.8 million at December 31, 2025.
  • Common Stock dividend of $0.09 per share declared for Q2 2026, compared to $0.08 per share in Q2 2025.
  • 18,911,568 shares of common stock outstanding as of July 31, 2026.

Koppers Holdings Q2 2026 Financials: Impairment Charges Drive Operating Loss

According to the filing, Koppers Holdings Inc. (NYSE: KOP) reported net sales of $520.1 million for the three months ended June 30, 2026, an increase from $504.8 million in the comparable prior-year period. Despite the higher revenue, an impairment and restructuring charge of $215.8 million resulted in an operating loss of $166.0 million for the quarter, compared to operating profit of $39.1 million in Q2 2025. Cost of sales for the quarter totaled $411.1 million, up from $390.6 million a year earlier.

For the six months ended June 30, 2026, the company reported net sales of $975.4 million compared to $961.3 million in the first half of 2025. The six-month net loss was $140.4 million, versus net income of $2.5 million for the same period in 2025. Impairment and restructuring charges for the six-month period totaled $223.6 million, according to the filing. The income tax benefit for the six months ended June 30, 2026 was $31.7 million, compared to a provision of $4.2 million in the prior-year period.

The condensed consolidated balance sheet disclosed total assets of $1,722.3 million at June 30, 2026, down from $1,886.8 million at December 31, 2025. The company reported property, plant and equipment, net, of $482.1 million at June 30, 2026, compared to $650.9 million at year-end 2025. Long-term debt stood at $892.7 million. Total shareholders' equity attributable to Koppers was $387.0 million at June 30, 2026, compared to $574.0 million at December 31, 2025. Net cash provided by operating activities for the six months ended June 30, 2026 was $96.3 million, versus $27.8 million in the comparable prior-year period. Common Stock repurchases totaled $43.9 million for the six months ended June 30, 2026.

What Was Disclosed

Koppers Holdings disclosed its unaudited financial results for Q2 and the first half of 2026, including a $215.8 million impairment and restructuring charge that resulted in a quarterly net loss of $147.5 million, alongside balance sheet and cash flow data for the period.