Jamie Wilen's questions to Koppers Holdings Inc (KOP) leadership • Q1 2025
Question
Jamie Wilen of Wilen Management praised the significant SG&A cost reductions and questioned why Koppers isn't accelerating its share repurchase program more aggressively given the stock's current valuation.
Answer
CEO Leroy Ball acknowledged the rationale, stating the company repurchased $15 million in Q1 under the new plan and intends to actively use the program. He noted that credit agreements place some limits on the annual pace of buybacks but affirmed the company's commitment to repurchasing shares while they are viewed as undervalued.