Koppers Holdings (KOP) FY2018 results: revenue $1.6 billion, up 5.9% on the year
Koppers Holdings Inc. (KOP) reported revenue of $1.6 billion for fiscal 2018, the year ended 31 December 2018, up 5.9% on the year before. Net income was $23 million, down 19.6%, and diluted earnings per share $1.10. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$1.6 billion
+5.9% on the year
FY2011FY2018
Operating margin
5.4%
8.4% a year earlier
FY2011FY2018
Net income
$23 million
-19.6% on the year
FY2011FY2018
Diluted EPS
$1.10
-16.7% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,563
1,476
1,416
+5.9%
Cost of revenue
1,261
1,154
1,128
+9.3%
Gross profit
302
321
288
-6.1%
Gross margin
19.3%
21.8%
20.4%
Research and development
n/a
9.0
6.6
Selling, general and administrative
158
132
126
+19.4%
Operating income
84.4
124
93.4
-31.7%
Operating margin
5.4%
8.4%
6.6%
Interest expense
54.1
42.5
50.8
+27.3%
Pre-tax income
31.2
60.3
38.5
-48.3%
Income tax
25.7
29.0
11.4
-11.4%
Effective tax rate
82.4%
48.1%
29.6%
Net income
23.4
29.1
29.3
-19.6%
Net margin
1.5%
2.0%
2.1%
Diluted EPS
$1.10
$1.32
$1.39
-16.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
78.3
102
120
-23.1%
Capital expenditure
110
67.5
49.9
+62.5%
Free cash flow
-31.4
34.3
69.6
Free cash flow margin
-2.0%
2.3%
4.9%
Cash from investing
-376
-56.5
-53.7
Cash from financing
283
-5.9
-62.7
Depreciation and amortisation
46.9
49.8
52.9
-5.8%
Share-based compensation
12.5
10.6
8.9
+17.9%
Buybacks
31.8
5.2
0.3
+511.5%
Dividends paid
0.0
0.0
0.0
Dividend per share
n/a
n/a
$0.00
Diluted shares, weighted
21m
22m
21m
-3.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
56.2
99.9
30.4
-43.7%
Non-controlling interest
10.8
5.9
4.2
+83.1%
Debt
1,003
689
671
+45.6%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
410
406
382
+1.1%
Total liabilities and equity
1,480
1,200
1,088
+23.3%
Fixed assets
418
328
281
+27.4%
Goodwill
296
188
186
+57.5%
Intangible assets
188
130
142
+45.1%
Cash and equivalents
37.4
50.9
20.8
-26.5%
Receivables
190
159
137
+19.2%
Inventory
285
237
229
+20.2%
Other assets
65.7
107
92.1
-38.8%
Total assets
1,480
1,200
1,088
+23.3%
10-K for the year ended 31 December 2018, filed 1 March 2019: the filing.