Annual Report 2020
Annual Report 2020
Financial Highlights
Years Ended December 31 2020 2019 2018
(In millions, except share, per share and employee amounts)
Operating Performance
Net Sales $1,669.1 $1,637.0  $1,562.7
Operating Profit 156.7 125.0 84.4
Income from Continuing Operations 89.1 63.7 5.5
Net Income Attributable to Koppers 122.0 66.6 23.4
Diluted Earnings per Share–Continuing Operations 4.17 3.03 0.26
Financial Condition
Total Assets $1,598.6 $1,564.6 $1,479.9
Total Debt 784.2 911.9 1,002.6
Cash and Cash Equivalents 38.5 32.3 37.4
Other Data
Capital Expenditures $69.8 $37.2 $109.7
Number of Employees 2,061 2,120 2,229
Stock Information
Market Price per Share–High $38.86 $44.75 $51.30
Market Price per Share–Low 8.25 16.51 15.00
Shares Outstanding (000s)/td> 21,099 20,805 20,549
In September 2020, we sold Koppers (Jiangsu) Carbon Chemical Company Limited (KJCC). As a result, KJCC’s results of operations were reclassified as a discontinued operation during 2020. Amounts previously reported for 2018 and 2019 have been restated accordingly. 
Set forth above are a line graph and table comparing the cumulative total returns (assuming reinvestment of dividends) during the period commencing December 31, 2015, and ending December 31, 2020, 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 subsidiaries or 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, and has 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 Koppers Holdings Inc.