Thanks, Mike.
sustainability three, the segments, points comments. important into I strategy more front for product and the will number provide non-core preservation future; our reorganization to how of wood hard information the also is importance time in our I assets; four, company's two, portfolio five, mentioned six, utilize our long-term As had various our main issuance is one, to of to context Koppers; to six our fits business the get importantly continued adding the outlook preserving is I for value my of working; purpose look and at-the-market take end plans sales; and new the of Number our the instrument. of stock what protecting the matters our the KJCC
restructured wood slide a has representation great to going technologies. product-based it from our around portfolio of our after its wood to announced to is will as script wood-based XX% out more company even four last temporarily million than X/X portfolio years in been XX, markets and the in a focused to And a wood, little up visual sale profitability refer over you Koppers has operating remained our our of carbon if up, gone go flipped that essentially of potential the XXXX the end flow we've ago, with exceed a on transform and we've business $XXX that work of of primarily volatile the at that So more recently than its philosophy, provides since cash have today gone leader completed, higher. KJCC years. more being levels that and period, company has portfolio five a time to only global in X/X has reached that had exceeded margins Over our from a XX company the done
over If XXXX projecting added include two-year have we and on does those $XX in not we're XXXX EBITDA XXXX and million businesses from numbers achieve That our in businesses for acquisitions. impact real is will the wood-based period. XXXX than that approximately improvement
around supporting So wood. to direction our built a all positive strategy signs continue point
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beginning from role? that Officer. Chief of Leslie Strategy Why to of the that the company's XXXX major Risk Hyde The role now? Why Leslie? other and role as And change President Sustainability why at the of her was made Vice organizational was elevating
First, has obvious. business state our be as seek let corporate already our of The owners, company At do and occasion, to also to is me that years only need will to gained stay momentum but sustainability concept to continue as we the the future, families over on the their here balance groups. demands our or every out and of short competing much figure bottom how different model continue supporting The to business remains most the line, relevant good to stakeholder it's evolves efforts we to upon we customers' many serving rewarding communities lead me do. incumbent a Koppers ensure the and steward of help important our impact a we so day. challenges, to It's Koppers, responsible responsible that and employees fall better. solving standards thing and to
We that because is Leslie game the exist more has will be that companies ourselves littered sustainability [indiscernible] Koppers. lost sustainability. with and focus need to discipline license that term, case Leslie to sure tasked make challenging think corporate not on if relate helping longer their responsibility. a now, passion and never for to and to on they is here at the me social with
into responsibility. his March XXXX. retirement matters retirement transition the back role into XX him of to until I front still for General Steve a to time added organization his duties of retirement mention official Steve Koppers date working on our beginning years ago Administrative item Officer X that allowing and long final announced Lacy, step want will is several Counsel the on December higher-profile we to the advanced week last Chief who The Secretary, while X
to by to to making These fall have invaluable disclosures he and While both on coincidental will years, sales. China in timing and his many. January contributions and a on sorely happen on that trips December be standpoint the it's three the purely Steve missed required sales KJCC alone, been the agreement, retirement day. has our KJCC from Koppers worked same tirelessly through the Agreement
a nearly Steve has fortunate good and to Moving attorney, the Counsel is in forward, leaving company now and talented a Stephanie who into for our decade as under Steve's Secretary. he's to hands. worked the new we're step Apostolou, have General role privilege ready
the hesitancy agreement while close KJCC of sale Want us be realized signing given time able value will I'm market we the to KJCC. to some as do threat sell that in confident transaction due the X yet announced on the factors. window within to X move of the the the credit of the with the be transaction whether of of we'll months. to by to for zero importance close to to that seems It disposition and the the continued to the that officially coronavirus we has the the the general has that other concern the next expected
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and this it's a far a business still month, final through the all thus an due are and we've last the Koppers. buyer, we highly to reach handled before It's done. successful Both vertical to challenges the get Based integration valuable week, during signing conclusion. travel worked sides through completion. announcement I'm see to for by confident opportunity were a will fact, that In the motivated non-core managed teleconference we upon dealings to to that's restrictions
business the As exclude five-year as you disclosed million over million. the about $X.X the value, past average was worst years, average XX.X five years if and period, EBITDA of best for the
it $X.X range XX.Xx. those was of three look multiple If you XXXX, to million. acquisition The of at just XX.Xx numbers
closer a and highest at company levels is to our to somewhere trading nine Koppers trading multiple. approach times six As we've currently
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as reflected been clear committed direction measure down performance some has risk about that risk in wood of improved Turning and the time for just continue community balance around sheet. started I we concerns about to the can past, our our debt and assets, can step as have leverage, of is we every and consistently from look order that ago. I price. profile in years the to strategy the working our core has KJCC is that stock been remain areas veteran leverage recapture we our have at other another understand to in in to to I concern, enhancement. navigate The our that where investment built further protection five disposition although we reduce higher while our That's It's profile a portfolio not value. of believe we not shareholder and important some through
businesses and in aren't to core some that acceptable have return also improve. an We need level our generating
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not as kicked of and to fair portfolio value I'm able our strengthen fire we'll balance been have just about away. sell. However, I'm as our continue get and conducting Buyers KJCC. about were we we a with value we for valued all reach talking the assets explore to not options sheet. to talking sale give fair will
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As begin result, a ensure we're recommending options utilities a transition. to smooth considering their
solutions treat Creosote to by able to that species alternative an CCA, an certain we served chemicals creosote. requiring both fill a A and of markets part will be oil-borne penta third the provide minimum be today. produce, to preservative will wood needed to at
and use outweighed to naphthenate of After that accounts appears far at possibly risks we part option, of to decision Cabot Penta. looked ceasing the chemicals we logistics Copper manufacture, appropriate As our economics model that strategic sometime expect the our analysis advance the we only working place a be and we to are we though, production that in in be in on their benefits. the of of third decided by penta. XXXX all producing
develop. update We the further on to situation you calls continues as will
a that a we number with At And shelf in filed the part registration shelf. filed shelf prospectus as giving raise alternatives shelf, replaces capital we This of conjunction the agreement supplement expired our and in of to morning, entered prior XXXX. statement, registration This universal need into when an also shelf the arises. Issuance us any Market the
for up at current to ATM, no equity we at depressed prevailing and we the any ATM issue a manner. purely issue for the be under to can ATM back shares time, corporate general issue of our not This for To to stock, market any have under tool shares issuing copper perfectly ATM, we share of ATM shares this only us share term obligated once an the the prices prices disposal our During above another clear though, mark. million agreement. $XXX at price any have share up shares at effective and $XX makes issuing consider the the point under its way would is I in At intention of are of the uses. at minimum
through back and with X.X%. traffic a XXst hold create more the uncertainty, with shows our year we of economic to review The to According carloads X industry, year by American activity. quite 'XX, rail. tough had subsequent the by decline ARR rail-served stated Railroad nicely coal bounce these a segments, rail railroad The our overall also economy. US Traffic Products have was sustained affected intermodal decline factors railroad carload units continued on industries continue results. the to disputes start in combined than but December and US quick and while to has on Continuing Association have that actually the XXXX intermodal and trade impact decreased X%. activities dampening managed of and own had in of a the want for negative a be from a more they in on I ARR extended of business from fell and total for of X% last volumes Railroads, X-year Utility markets, downturn by traffic Services. data units a Class effect dropped
years. Annual to demand revised natural Total crossties had million in been Association North lower for installations initially crosstie has be crossties coal less include million as outlook $XX replacement recent optimistic due a Tie estimated $XX to trade a agricultural, shift related for to drivers moved significantly lower Railway gas, and key are due manufacturing continuing at million from anticipated to American tensions. the and ongoing XXXX of lower loads sand yields, crosstie reduced from constraints for The shipment XXXX such uncertainties to crop similar XXXX. $XX.X to coal fracking to According for levels and to economic heavy-haul
supply in into of anticipation tie managing remained is and untreated year of stable inventory are material nationwide, having raw treatment. XXXX somewhat seasonality, typical availability in future of and to we of in crossties dry for terms still factoring lumber seems levels there higher crosstie the untreated In ready in continued timber. early And be of XXXX. relatively improved prices our that's Koppers varies inventory although
Utility weather business, with those to demand favorable relatively we replacements by planned continue driven events. our will UIP our and at generated pole expect Looking Industrial be various Products, along trends by
and has On wins We ties positioning over both poles, XXXX 'XX already and of pull as for right for integrated further through nice our treating supply to head side chemical and we look opportunities untreated begins advantages wood and story a end push couple life at through. XXXX us the our for market recovery. share of we vertically smart and that been model growth goes into earned of about the
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are yesterday, for of new we while business as treatment we to which that utility processing us, ties Somerville, now end-of-life also is continue facility, fact, run In pole are Texas that test location.
for market year-over-year to this a to business, growth For from efforts EBITDA as of $XX benefits segment modest Somerville increase in to million the we carry network us expect million. RUPs $XX share optimization such
Slide are adjusted EBITDA to margin million. XX, equates forecasting reflected This be $XX range $XX in adjusted As million an of about the EBITDA of X.X%. to to on we
According in still The market recent help faces XXXX market Moving of despite only this rates interest some backdrop gains continued X% of for as than LIRA year. business. $XXX growth growth on continuing anticipated in LIRA, may The rate rise XXXX. sites points. between very or Leading more Remodeling in borrowing well. a of versus for at the Indicator the modestly Performance repair annual the to expected improvement low billion our data challenges indications to is X.X% of with although projection, the is annual home Activity, and in Chemicals outlook market X% national growth, to stem some that growth Also, re-modeling lack-luster at calls
view by National corresponding to NAR existing rising options, Total sales pricing attribute mixed unable market rate. XXX.X. stands continues too XXX.X that signals. for slightly are at with rates, in economic from The low states conditions from index spending following current increased sales even existing meaning the of market mortgage The in existing concerning housing and labor increase Consumer Confidence optimism to which improved and an should favorably growth prospects, home in leading the to short-term of rates. have in climbed higher to December and in Association to job improved. now continue up There's The have January. Consumers X.X% level low but January. show sales Realtors Index not part November, February, quickly, growth. achieve a that homes prices expectations home support historically
pricing to well as come In as market Performance Chemicals, some gains from expect we share actions. growth sales
XXXX. expect We a to benefits are realize more also of materials raw production internal and cost better position in copper intermediate due levels higher to
our On of and equates of to $XX XX% year. million million of approximately EBITDA slide to compared with forecasting adjusted for we of are PC $XX to EBITDA increase an $X prior an million Page million margin adjusted XX presentation, $XX that
Turning and the car imposed tariffs benefits aluminum carbon attributable materials for certain creating our business, United demand States. market see we steel aluminum to Blast chemicals is production products, pitch attention the and in US on steel in production to lower. furnace
supply a under material result. to as will a in for the we EBITDA Australia and pricing products contributing tightening of our decline US a remains and sales and in carbon pressure, in our raw However, see Europe
black feed-stock phthalic Lower products, keep to like serving and levels. oil at are of certain lower pricing prices hydride also carbon
KJCC. CM&C as KJCC to segment we to of contribution lower-margin XXXX, In cost materials be XX% slightly. the and while affected boost we CM&C range Now generate margins assumptions raw higher expect our for do will in no our to expect include in to success negatively still XX% from sale help XXXX, the of profitability business our of margins
in more approximately EBITDA range anticipate compared to EBITDA adjusted $XX $XX million which prior adjusted an by CM&C the XX, on for KJCC any year, of normalized million represents decrease levels. represents to midpoint. expected from shown million. margin contributions operations, to As our of to Slide at million XX% $XX Including the adjusted That we is $XX EBITDA
Slide guidance for XX in consolidated various sales. drivers shows our the
forecast we PC billion. and CM&C pressures China generated $X.XX demand segment, comparison, in based for $X.X parts sales were to of market approximately pricing RUPs sales share the from our expect segment. The certain sales by partially business, generate any XXXX Excluding XXXX billion upon By growth offset excluding sales is and the China anticipated in XXXX. global in
Slide to Turning XX.
expect we to Excluding the $XXX China to be contribution $XXX adjusted from EBITDA XXXX. million approximately million the for businesses,
and plan, XXXX annualized million As by we've in savings. benefits commercial part optimization, of additional on our identified raw $XX are network actions cost strategic prior million further $X and $XX an On improve million through to million to that The to a $XXX basis are basis, be profitability adjusted in materials development, achieved XXXX. year. China $XX comparable expected to million expected other excluding through EBITDA was the
publicly In available. have plans to become summary, development many more as shared we be details and more
a We driven our be same at profitability driving opportunities by and continue while for to reduce aggressively growth to and leverage strategy on the time clear risk. focusing
build approach our excitement a coordinated goal global continues the wood as pursue we to Our integrated to Koppers in generate remaining of single leader protection.
I At questions. open up this would time, it for like to
