Leroy M. Ball
Mike. Thanks
scaled look Railroad In outlook taking segments, railroad Now with our have their a the and at back costs operating Utility they and of and on start general, Services cutting focused working capital. has each and the business Products for the I'll business.
only down untreated treating this the and while volumes tie down purchases around last third tie with untreated XX%, XX% down alone tie for this Now, about down year in untreated year, year. versus are XX% our about purchases XX% were quarter volumes
like the slowed During I signs the their the bottom. infrastructure but spending, At we that railroads last but expect slightly half up we XXXX, half pick at I have starting first to should first that to lot volume to into next XXXX we the further a the to or time, are believe are close present pretty look of Class year see year, start get. of the I well
the intermodal of year-over-year the to higher and prior U.S. according XX, Association Railroads year for units AAR, months traffic up X.X% or American ending nine the XXXX railcar period. was Now X.X% total were than load September the
expected Now to increased year through is together, period traffic growth. to the total for mid-single-digit the last compared year-over-year continue and posting combined XX year-to-date U.S. X.X% September
a while freight have all transportation, decline there's thus this of far categories year. been exceeded Now, other coal in major expectations
and of Now, month. vary life can signs the are a by the still limited data
the For U.S. period, year railroads X.X% in prior reported the AAR X.X% that example, September, more with originated intermodal traffic. fewer in but compared carloads originated
Now up U.S. year-over-year. carload in and in originations September only combination, intermodal X.X% slightly at were
year. at X, adjusted a out last a weakness EBITDA than and I as in million of by guidance lingering the Slide quarter our for buffer some do next partly basis volumes against the half mentioned will RUPS extending That's guidance. in flatten our although as think $X Now looking I to XXXX QX, partly August this into earlier we're approximately and on year-over-year from decreasing quarter weaker our XXXX due expected third segment
would that home have time ongoing in by declines. hurricanes. an adjusted On our million million reported and annual prior from X.X% that In basis, than for in and recent trends a to in total first of sales Realtors decrease hurricanes Association $XX by sales $XX skewed September affected which and recent home The more straight increased Performance equate EBITDA, declined year National business, of year. three the to Texas after a Now Chemicals monthly existing due supply somewhat shortages is been Florida. existing
of related be to prices. has from in and Center total to available several also existing for hurricane of the Studies been Same Housing activity in Remodeling LIRA for to for remodel be is Joint resulted Indicator remainder growth XXXX Activity first decrease the the are quarters the this Leading Now pressure anticipated upward accelerating in year. housing home likely and University. time, housing has damages sales inventory attributed in can negatively repair or and Harvard time of impacted beginning of according lack declining closings on for the The
center spending will X.X% in the the fourth and quarter $XXX of the The the projects Now, year. reports replacements U.S. on upgrades, by quarter that up expected also to spend excess from routine third in that LIRA XXXX of prior increase billion are to XXXX. $XXX from home maintenance, X.X% consumers in of billion
Additionally, Confidence in Texas for in More housing continue September the marginal Consumer the to positive compared hurricane-related December confidence XXXX, reported XXX.X which Board should with XXX.X consumer by August, provide The in improved after improvement to sustained as demand. Conference recently, and Index slightly a a in backdrop driven September Florida. XXXX, by decreased related in in part damages
our year-over-year. average terms copper in COMEX XXXX, us for year-to-date higher is worked the was driven third in Now of most of costs, the material XX% year. that's against of copper raw pricing quarter up and Average pricing which has primarily COMEX quarter this pricing XX% than by third
can to more $XX increase to of products challenge continued elevated plan regard. current costs certainly and be our are our current going we over soften shifts a in that XXXX experience offset as that arise and Now other are impact a hedging that we a the since We're order our will should a QX that on sudden on market negative prices. indicators our little much effect in three be as year XXXX are helpful timeframe of still strategy to copper is a increase predicting for requirements healthy markets, slight of two in the building upon a our on raw the working to and based only hedge results to the a portion results in leading increase, program minimum the only material is estimating hand million of most experiencing well. commodity
Now slide at EBITDA see million as of on year. XXXX presentation, our increase X $X you we're million, a our guidance for maintaining Performance Page is Chemicals can $XX prior which from
year. improved XXXX, full-year EBITDA adjusted slightly is the and to be XX%, performance our to from For expect which slightly approximately margins prior year-to-date continue down we compared to
Moving business, million. EBITDA margin This reflects now trailing period XX-month through September various the to was factors. the the our outlook by CMC driven adjusted improvement $XX run rate for regarding considerable
likely strength that of product In in pricing. and both market correlated conditions since put recent that serve This the steel on the some still but capacity above has benefiting sudden that also upward pricing China, relatively coal that finished and currently and of quarter. in an coking years' be environmental certain does We tightened international year, next favorable been market we're coal well and raw Australia, tar second began temporary really point tar there anticipate In shutdown that back supply from meet the older these is has and will pitch products emissions seen to carbon markets trends in are moderate to pricing has First, overall China. requirements. is due pressure for been averages. ongoing materials at we an not
to $XX $XX in sales well drivers in on communicated In as represents addition, in several putting supply guidance we're Therefore, agreements, over year. our last Slide meaningful $XX in XX, lowered actions see XX, the as long-term EBITDA improvement through a in August, line a cost million our million various which way. you restructuring our On place our can million increasing structure shown overall as we've the XXXX. Slide new from
demand $X.X to is benefit from RUPS billion. the approximately While expected strong, XXXX business stabilization the is for of in and sales consolidated higher CMC will and to pricing volumes keep expected PC our softness stay at
XXXX, million has now consolidated with provided million $X.XX and Slide the in EBITDA on $X.XX and is August per prior between provided that been an previous and in to guidance Turning prior to we're still of primarily we targeting lower now in basis $XXX expected $XXX for to we to market in $XXX Stickney, $XX Performance share, previously tax have be our is unit improvements are as well in range $X.XX Illinois. was will compared million versus we $XX be Chemicals, $X.XX as to expenditures compared with rate. naphthalene XXXX million, deploy XX, continued projects adjusted in effective year's million the in million new expected probably due productivity guidance per to budget our per to $X.XX million EPS increase share that the while capital increased guidance several EPS the our a than strong $XX in and be year. approximately as adjusted would finish CMC, of in like guidance nice The a XXXX. as in next Therefore, share $XX projected August to our adjusted meaningfully Capital
to powerful will least global Now and that forward. before continued with us will employees. forward a X,XXX embrace like be ideas say of fear I Based while finish new on year without we to where attitude expected people pleased current bringing likely performance that close company only ahead more better XXXX to our and us change projections, taking to questions, couldn't going make I'd at one be. of the They've
Now had some determination believe have and I the it's here. us way, the along of while our we grit have help brought people that
how of product coal moderation and So tar the of markets. keep parts pricing of I've fresh in on and CMC, some material and our XXXX set product basis. daily mentioned, which pricing question bring we raw ask Performance in great of Chemicals will a It's do going? it international average challenges, one ourselves that higher already we like eventual a it's a
presently Now, that all there will do. are invariably other things are know, pop as that as we they unforeseen, up
for face. opportunities about will in whatever good of our until that I including to have acquisition to countermeasures now make Now, I open wait feel we up XXXX headwinds questions. year, any that proclamations may the to February about offset we like have I'd next our help it while to funnel, interesting expectations overall will do
