Thanks, Mike.
gains and the has Services over year-over-year Regarding tough each past outlook years. let’s Utility with seen encouraged businesses, Products and our start that times some the year’s couple have XXXX. us we time Railroad quarters report the of second quarter I’m been our finally several for first the have previous making resulted of the which since segment, in to volumes quarter achieving that over past the overall line the of with were for in
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Now more third which inventory volumes commercial well remains seeing fulfill dry sales standpoint. absorption be Tie us from inventory a the which expect the will side quarter, builds, help and future. fixed-cost into of to Pricing to queue, we’ll available as business the a into order we the as continue our standpoint immediate from strong going as on Green become
or first Association X% from AAR, U.S. total combined X% XXXX Intermodal rail was units weeks total the period Now increased XXXX the XX also last first increased nine load encouraging, Railroads the year. same reported up of the of the X%. to compared traffic by last business macro American up Overall, our year-to-date, for for trends car U.S. year. months of traffic are as for
third the this two acquisitions to through that our continues integration where well, year quarter. earlier of approximately task made – Now the XX% on through we go about
fundamental on Now where while, benefits relate at quite not from initiatives this The serve. it any these stage, expected early in the chunk quality not the businesses mentioned changes the to they it’s fact, call, free net to shout we businesses to response in October profitability is earlier leverage sizeable two here the or to the this of out in across industries of due as business whose and possible. model. and our do tightly utility group how give the exemplary get to North I integrated in order affected more and they were to helpful America, regions, storm power want one quickly extremely September to in back as
to you involved. thank So all
from X, As acquisitions an as the of decline RUPS guidance from adjusted million $XX reflected approximately contribution in prior legacy EBITDA the on which for segment Slide reflects $X our we’re providing the well overall $XX million, business million as XXXX year.
our sales current after home August, upon segment. are Existing according REALTORS. in existing I commenting mixed to sales In Chemicals were positive level sales is benefits, low Performance of network Association rates lowest the stagnation The but based home of from realization this nice the of National listings, the bounce initiative REALTORS down optimization, X.X% trends Now total home September, cautiously back declined attribute trends November the home of area this overall. of expect affordable effect September year the Association the that leveling a and to In month XXXX. especially in a be XXXX for National to existing of in number business, and interest this rising ago. since
Ace X.XX%, XXXX. that since overall in in basis policy Fed’s for This Federal to we the key Reserve Now beginning as some last growth rates September, years where began challenges horizon, in a Fed April the Leading the According to perspective, and LIRA, of and X% is XX XXXX. remain Harvard increase points seen or Remodeling our seen range mixed Joint normalizing are spending although picture improvement represented the in December the to several From expected strong. home moderate at an and of returning fundamentals of while national the the Activity Center expected on fund adds at XXXX. of increased indicators in University, repair be acceleration, to after can Studies Indicator annual Housing demand to
from will this will increased increases that residential expenditures XXX.X which at projects Conference LIRA spending. feedback regarding robust stands through next of treated conditions has support at using and consumer and it of expectation levels. start Index demand year-over-year to XXX.X year quarter of our positive continue Anecdotally, forecast. a the again we’re third now in October economy and remains wood which by market, their in Although, shift remain favorable, X.X% of in Consumers' build to Confidence been to healthy reach Board decade-high high the year, bolstered labor remodeling strong September. up relatively should assessment customer Consumer a The then current X.X% to for downward XXXX.
our back to on regarding raw the costs half has reached from XXXX, higher average Now first but copper, trended pulled highs the in the has pricing material related year. in of
to three continue cost our a our year in timeframe majority and provide one we requirements over to Now of order short-term structure. hedge certainty visibility to of
past prices same this like rising move price will a year seen experience over and we’ve average hedged we’ve up in Now seen the XX environment, our in months, XXXX. copper the
do acquiring in mark yet believe along recent related cost will We the where XXXX. to to eliminate the but in decision the we’ve illuminate the our progress Now of to and volume is we our raw account substantially we’ll award in-house, And from ability as we’re it shortly made we anticipated. to point, business, were royalties and additional at at additional production retailer’s further first of and wood. stock be uptick a unfortunately, the of to our have they volume then stabilizing box had the will the come see ground outside been in levels market. by issues expecting that on materials, expect year-end but our being we’ve pursuing, Also significant intermediate able be offset realizing the those higher production material MicroPro’s some to benefits We’ve have treated of addition the all to to how now sizable is of pushed unfortunately missed out open the quickly copper contact international a raw reduce bring big purchases. year, or potential after cost
that although, later little what a portion than landed had shipping We have business, product we’ll and a month. less of we begin targeted, this
As X you increased of Page slide now in recording accounting higher with anticipate requirements, in cost our as longer the average of reported hedges SG&A Also can tracking we’ll we’re our we the costs we approximately see of $X presentation, be a $XX hedging year. million result costs on raw material having also $X in million. towards no changes XXXX. In of benefit. XXXX, approximately million ineffectiveness And ineffectiveness current of of
therefore, million than Performance So XXXX for $XX forecasting million is which approximately lower Chemicals, adjusted year. prior of $XX we’re EBITDA
new where be will the to the on Now year about our And of than are fundamental XXXX expected against first expect for in we production, affect interior to retardant we and cost XXXX. experience gone accounts new that our going products year. this that still improved of good offset will that business the solid performance news more volumes products the our impact a vastly wood combination additional in certain demand have increases headwinds, we copper, could price of like in XXXX. continue segment just copper fire did. higher and while from will lowering see Any unfortunately of is products the everything to treated been has are The Chemicals Performance
strong raw our coal markets to remains material business, in and Now end the tar for supply continues be tight. CM&C products
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in The is first will XXXX. step the in resolved likely process be in of quarter soon that and to first be
resolution for recognized the Now pricing. the of is relation to we’ve in upside to this higher nothing all Koppers, issue reiterate, as ultimate
of expectations. serve product gap to resolve an this working us take been previous of the in not issue, exit work the elected we our and us has long-term That we’ve has to solution the or their fairly informed our markets either created In will curtail on As compensates Koppers acceptable value that value. alternative through remainder product intention of most to an a customer year. recently while our capacity plan for sizable meantime, for we the at provide for this
our Stickney XXXX As anticipated EBITDA CM&C on lower performance, bite reduced approximately plant expect million which from up. of take higher CM&C $XX raw revised It EBITDA. material for offset its prior Slide naphthalene is high the year lower will to will XXXX, a Overall, XX, guidance over while that for the start unusually from annual China a million, contribution associated business pull and $XXX improvement projected back costs we with million earnings our reflects from be and the of shown partially China. represents from being out adjusted $XX will savings
reduced We’ve sales can you lower in to various see XX, CM&C the sales our to due China drivers which our is Slide our related outlook for primarily about guidance $X.X the to on XXXX, anticipated be expectations Now billion. business.
XX. Slide to Turning
prior an year consolidated our an $XXX for million. acquisitions. EBITDA including reflects EPS adjusted This $XXX approximately XXXX to XXXX the million basis $XX Our from of on adjusted is adjusted Accordingly, million, guidance of now and compared increase and previous EBITDA represent $X.XX with year. to last $X.XX will per $X.XX. EPS adjusted This $X.XX between performance share guidance EPS be to year prior our of adjusted to second compared of performance, second-best $X.XX projected only is XX% guidance
coming As lower adjusted growth, year, earnings close business. consecutive with from raw EBITDA from China even material fifth to our will be XXXX and we the believe finalizing forecast higher year headwinds our we’re and of that look to costs our
overall mentioned benefit Performance savings and the from should year As Utility earlier, opportunities the Products Railroad strategic from entire commercial results business, contribution in initiative-related cyclical ongoing from the well business, acquisitions, improvement as several Chemicals an of new Services and in operational efficiencies as synergies.
there rate, Additionally, stated be businesses. CM&C shift to we our a anticipate in be to focusing more normalized our recovery we that with technologies, on earnings PC pulls of mix more substantial RUPS in meaningful the will run consistent see of back while and wood-based strategy as
it to for like open would up I questions. Now
