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Koppers Holdings Inc
Koppers Holdings Inc. is a public company listed on the New York Stock Exchange (NYSE) under the ticker symbol KOP. The company is a global provider of wood preservation and railroad services, with a focus on sustainability and environmental responsibility. Here are some key points about Koppers Holdings Inc:
* Founded in 1988, Koppers Holdings has grown to become a leading provider of treated wood products and services, serving the railroad, utility, and residential markets.
* Headquartered in Pittsburgh, Pennsylvania, the company has operations in North America, South America, Asia, and Europe.
* Koppers Holdings offers a range of products and services for the railroad industry, including railroad ties, switch ties, and bridge timbers. They also provide wood preservation services for utility poles, crossarms, and other wood products.
* In addition to their railroad and utility business, Koppers Holdings also operates in residential market, providing treated wood products for decks, fences, and other outdoor structures.
* Koppers Holdings has faced some challenges in recent years. including declining demand for their core railroad tie business and increased competition. They have responded by diversifying their product offerings and investing in new technologies and markets.
* The company has also faced environmental concerns related to the use of creosote, a chemical preservative used to treat wooden railroad ties. In response, Koppers Holdings has invested in research and development of alternative preservatives and sustainable technologies.
* Koppers Holdings Inc. has been listed on the New York Stock Exchange since 2006, and trades under the ticker symbol KOP.
* The company's financial performance has been mixed in recent years. In 2020, they reported a net income of $36.5 million, compared to a net loss of $15.9 million in 2019. Revenue for 2020 was $1.73 billion, down from $1.83 billion in 2019.
* Koppers Holdings Inc. has a relatively small market capitalization of around $900 million, making it a small-cap stock.
In summary, Koppers Holdings Inc. is a global provider of wood preservation and railroad services, with a focus on sustainabilityand environmental responsibility. While they have faced challenges in recent years, the company has diversified its product offerings and invested in new technologies to position themselves for future growth. However their financial performance has been mixed, and the company has a relatively small market capitalization. As with any stock, it's important to do your own research and consider all factors before making an investment decision.