CMC creosote (internal)
“10-K Item 1: 'Currently, our CMC business supplies our North American RUPS business with 100 percent of its creosote requirements.'”
Updated
The most significant concentration Koppers Holdings discloses is CMC creosote (internal) at 100%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Koppers Holdings’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1: 'Currently, our CMC business supplies our North American RUPS business with 100 percent of its creosote requirements.'”
“10-K Item 1A: 'our top ten customers accounted for approximately 36 percent of our net sales in the aggregate.'”
Koppers' concentration risk is modest and largely structural rather than counterparty-driven. On the customer side, the top ten customers together account for approximately 36% of aggregate net sales — a moderate share spread across ten relationships rather than a handful of dominant accounts, which limits the damage any single customer loss could inflict. The more distinctive exposure is internal: the CMC business supplies 100% of the creosote requirements for the North American RUPS business. Because this is a wholly internal supply relationship rather than dependence on an outside vendor, it functions more as an operational linkage between segments than as a counterparty risk — any disruption at CMC would ripple through to RUPS, but there is no external supplier that could walk away or raise prices unilaterally. Taken together, these two exposures net out to a relatively contained concentration profile: the customer base is broad enough that no single account is likely to swing results, and the supply dependency, while total, sits within Koppers' own operations rather than in the hands of a third party. Neither exposure stands out as the kind of acute, idiosyncratic risk that would typically pressure a verdict on its own.
For the engine’s reasoning on KOP’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| APD | Air Products and Chemicals, Inc | 2 | 0 | 0 | 2 |
| ALB | Albemarle Corporation | 1 | 1 | 0 | 2 |
| KOP● | Koppers Holdings Inc. | 1 | 1 | 0 | 2 |
| ALTO | Alto Ingredients, Inc. | 1 | 0 | 0 | 1 |
| AVNT | Avient Corporation | 1 | 0 | 0 | 1 |
| ASH | Ashland Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.