Koppers Holdings Inc (KOP)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 124,000 | 120,100 | 117,800 | 101,900 | 95,000 | 113,600 | 96,300 | 113,800 | 119,700 | 110,200 | 179,400 | 180,600 | 143,000 | 129,100 | 67,700 | 53,200 | 66,800 | 54,600 | 48,000 | 32,500 |
| Revenue (ttm) | US$ in thousands | 2,083,200 | 2,057,800 | 2,051,100 | 1,985,600 | 1,935,700 | 1,860,900 | 1,750,800 | 1,690,300 | 1,638,100 | 1,625,600 | 1,636,700 | 1,629,600 | 1,620,200 | 1,630,600 | 1,664,300 | 1,694,300 | 1,724,600 | 1,756,800 | 1,725,000 | 1,692,700 |
| Pretax margin | 5.95% | 5.84% | 5.74% | 5.13% | 4.91% | 6.10% | 5.50% | 6.73% | 7.31% | 6.78% | 10.96% | 11.08% | 8.83% | 7.92% | 4.07% | 3.14% | 3.87% | 3.11% | 2.78% | 1.92% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $124,000K ÷ $2,083,200K
= 5.95%
The pretax margin of Koppers Holdings Inc has exhibited some fluctuations over the past eight quarters. The company experienced a gradual increase from Q1 2022 to Q2 2022, reaching a peak of 6.58%. However, this upward trend was followed by a decrease in pretax margin in Q3 2022 and further decline in Q4 2022 to 4.82%.
Subsequently, there was a slight recovery in Q1 2023, with the pretax margin increasing to 5.04%. This positive momentum continued in Q2 2023 and Q3 2023, with pretax margins of 5.61% and 5.68%, respectively. In Q4 2023, the pretax margin slightly increased to 5.78%, indicating a modest improvement compared to the previous quarter.
Overall, although the pretax margin has shown variability, the recent upward trend from Q1 2023 onwards suggests that the company may have implemented strategies to improve profitability before taxes. It would be important for stakeholders to monitor future financial performance to assess the sustainability of this positive trend.
Peer comparison
Dec 31, 2023