ever Thank our you, our everyone, Quynh. a call. EBITDA strong that to to ever, had highest adjusted I'm quarter second-best fourth of our to sales Welcome, Koppers, EPS year, safety rate earnings a XXXX finished commitment XXXX an lead in as successful we ever, and our company. happy to more adjusted we we investment believe our the our and highest finish our with report we At best our will remain ever. stronger, to for unwavering welfare safety our future people, that
our protect the success in if we believe will to continue and well-being do. We else all follow that employees, of health what we
injuries just our out history Now, I'm XX I operating year that indeed recordable XXXX. over in had locations we our recordable to proud of announce the company, X% XXXX, mentioned, Moreover XX is in the lowest improvement proving X of as a total no possible. rate finished with
also has precursor to continued identification. hazard incident decline year-over-year, serious training prioritize Our reaffirming around our efforts to
plans past year, people. is company training executive that performance of the our worldwide leadership date safety For towards showed beginning Zero with frontline scope expand XXXX, history. include our gear best and our in Harm training and results the our piloted globally in modules has of our Australia we'll deploy team to safety during were in much achieved successfully in To efforts Zero the to operational for to XXXX. all employees continue Harm
Koppers as and sustainability responsibility very seriously. also don't at at we Now environmental safety our efforts stop take
our will long-term evolve, to continues sustainability As strategy too, so our company's efforts.
other Koppers from requirements, industries forefront a also with As generated been of sustainability we've company raw renewable model key of portion for at and operate. waste Recovery production They're of bring Koppers management M.A. continues sustainability Both our Sources cycle to Energy business we it and acquisitions foundation significant our capabilities further feedstocks, Koppers Harm our utilizing even how before renamed of before Cox material Resources, Industrial another the while the Industries fashionable. examples XXXX, our recycles In existed extended the at resources and that streams became Utility be that culture way a to our in renamed life for product Zero we Products. businesses company. hasn't shining
slide today's of call on with X, our goal as I'd primary hope that financial is Now Our one: are performance, state details year XXXX. three time before we're everyone to this there the to to finished. I by into beat like shown that Number going the from takeaways leave
that EBITDA this better we're a XXXX XXXX you $XXX want the working just all-time of make set we and year. adjusted to our achieved high guidance million Now $XXX fact to the million relentlessly year for about of expectations. EBITDA to past where is that's But make mistake million $XXX than no adjusted your
reduced balance is happens one always of now It our X: at years our From get leverage. four intensely also for X. bar are to to of competencies Our it end straight turns XXXX, of the XXXX back X.X sheet. that XXXX. Koppers of the two to that to December least at goal we and down We're X times core push to full on Number by get focused by done goal times. managing we've just focused leverage January is on to our It's higher making and the
has $XX million was pulled our which means of debt of action capital net minimum million in by have us been we allow into to destruction will our journey believe to that this shareholder XXXX/XXXX investment begin not spending year's the we'll offset that XXXX. million to $XXX I And spending, levers capital $XX a our by that XXXX. This reduced reduce spending two-year commitment in within that of achieve a value. of will involve number to Now
at today's our you to from continue deck away to we shuffling the like asset master The call base. take existing of third as will we managers, to is, of thing look portfolio play strengths, as our continue I'd to
what evaluate will financial the of transforming our shut we've subtracted added In also way wood positive we've we've six and into in five past drastically and reducing should built in ourselves five enhance sold risk. or years, We five, facilities, value our new the while down businesses, a overall brand. acquired to protection, profile while leader the world plant changing a be
of also industrial that's company can will sustainability. only same not on refine focus committed as to the kind expect You be but of more we wood, the our heavily
the discuss results. So financial let's now
sales, Koppers in year ever For and $X.X our XXXX. highest billion over sales XX% a delivered improvement XXXX,
Excluding still from our the X%. acquired nearly impact companies, of sales by the sales increased
a to EBITDA. year which In $XXX.X achieved upon to were or finish line record-high our guidance. For at the straight second million improve XXXX, prior million, year was record the able revised $XX.X year, XX.X% adjusted we our with high we in by
Our greater. a adjusted EBITDA only margin XXXX that second has The other of public year achieved XX% our been level the also or straight company. and time we XX% as history in represents XXXX
EBITDA company's and XXXX, last three three XX In XXXX, adjusted highest fact, our the levels the margin represent XXXX in years years. last
into had that that through for an to fourth EBITDA in would history. the we stepped averaging our the XXXX XX% cycle. XX.X% mind profitable been company's growth essentially role, to XX% sustainable be economic our Keep a achieve over contrast, prior margin CEO our the EBITDA streak XXXX margin at six years, time goal in the and also between that when Now I I seen of made commitment such year margins in span. longest high adjusted had In flat-to-declining represents straight improvement adjusted
top we operate. do a as a ahead, That by said, in straight of we it's bottom cautious have upon number looking us and how Now out, again deliver they of to we year in appropriate that improvement challenged believe XXXX. line have can line be play opportunities profitability we'll depending which markets to fifth available low-growth we potentially the each approach once and
Before our highlighted quarter do a of like recent X. review page year, I'd quick to covering for expectations fourth our as on this
quarter untreated our year-over-year more had business volume we improvement in for into if getting since first RUPS the results, notably, would mid-XXXX. have the fourth we during ties absorption. Results even due most to in lower were PC with line greater were for segment expectations. time And cost that weather conditions our So higher been quarter our even fixed favorable, saw would compared of to profitability production greater have was prior and year, but
as healthy its year. margin, which maintained is CMC prior Finally, a profitability similar relatively at the level
XX% million by quarter. increased business, Now or million million $XXX.X to $XX.X prior in year in our sales compared the of of sales $XXX.X RUPS
prior impact over Excluding year acquisitions, the X% in up sales fourth RUPS were sales the quarter. from
lower by Australia. and its partially from volumes In favorable products addition utility railroad for bridge to to higher demand pricing crossties services, offset acquisitions, benefited for related sales in trends
The or commodity the compared by of compared year million gains year compared or quarter. for $X.X with increased the raw adjusted due X.X% sales margin costs favorable For $XX the our $XX.X with million XX.X% driven to driven demand a was increase the prior prior in X.X% hedge abnormally XX% improved to $XX.X current driven The was in million $X.X quarter. as EBITDA in the with in of the utilization $X.X and million year acquisitions, X.X% segment, improved of the lower volumes was primarily more North or quarter, recent prior by slightly cost Adjusted average quarter. PC's lower RUPS to production year-over-year even contributed $XX.X compared contribution year million Chemicals in the year-over-year well savings. year was Performance pricing higher improvement fourth in or as the for mix In acceleration actually by but due sales quarter. higher that from the was million quarter EBITDA more included or to by America. million material quarter prior
in Our prior X% which of by sales quarter. business $XXX.X decreased year million $X.X sales to of million, million compared $XXX.X CMC the reported or
or lower and improved the of Australia, year the prior phthalic demand unfavorable million sales was pitch quarter. was North and $X.X $XX.X quarter. CMC's prior the higher $XX.X EBITDA the in profitability million by XX.X% anhydride an America. from currency or China in Excluding pitch XX.X% million, million translation from in by fourth North from in compared America offset slightly the with sales actually year prior offset This quarter month or due Adjusted X.X% our And quarter full first impact partially now year in online one special At in operations carbon purchase a $X.X to is partially foreign increase for lower cost prior under increased new realized approximately Illinois some level. and outpacing our completed profitability than and handling restructuring an for lower our contractual to pricing in production. was pricing. quarter Stickney, due naphthalene operating savings facility the raw to safely material reflecting plant successfully all by naphthalene increases order permanent only facility margin from at due initiatives, and Stickney attractive China
cost beginning benefits to both expected, efficiencies. from realize we're As process the and
I full year to provide outlook before highlights will XXXX, So discuss and from it quarter the the our Mike over fourth key some other to for turn I XXXX.
