Thanks, Sue. Jimmi
get our the website we into features brand rolled newly Before corporate will new Koppers, out. Koppers XX a I’d believe exciting to at Koppers our to we key we page built our impacting introduce Koppers stakeholders. for an become you like look an preserving that vital tool A to information examination various what feature navigation the that a live few audiences. just site to our future business new sentiments and a makes around and visually to that the for designed Slide among tell reflects presence cleaner, and further just attractive ago. The protecting purpose us home new our of to story it visitors intuitive easier went matters days locate of
culture Koppers benefits seen of represents goods. As visit doing sustainability, generating products XX, to about our look zero harm, processes www.koppers.com essential based learn We to and and the to on to doing website Slide approach our on new a people, you our offers stakeholders. by services, into more invite all well that
they’re face Hurricane emergencies Now, customer help critical the drivers, as infrastructure following company enter of they such back get earlier our on referenced the as truck our communities Ian to their respects many with in sites feet.
aftermath XX, Koppers cross poles Ian. of Florida As in more delivered X,XXX seen than Slide on teams and across to arms XX,XXX utilities and the Carolinas the
our with supply. the effort the Vidalia, involved Our at of Georgia plants providing four team bulk
dedication impacted, events Fortunately, after Koppers professionals safely level our have those with in poles our material online have as our within zero timely coordinating manner. We to appreciate hazardous damaged truly extensive a doing many the teams values. restoration always so to and experience of planning moving a in they efficiently, working while others of our after adhering this advance for are who completing such bring areas at high so natural hurricane harm customers disaster, disposing back
drivers of Now let’s and dive period. into bit the planning it deeper various XXXX now our through our a little business
the lower many with locked could effective fixed spend in greater not of just that in data trigger avoid to XX, Points being for great aging which market demand expenditures mixed. is out wages profile place, to remodeling which Street XX, the an to Existing due continue a to data increase general this business while first, to albeit and home increase fact, also aims Slide mentioned repair decline, that repairs, that market mortgage need on referencing rising in are So Yet. performance rates sales Isn’t rates. Journal Home-Improvement is Boom but in the titled homeowners as of chemicals housing capacity for population In at homeowners XXXX, The renovation aging lower and the I still and stock expected the Over October article rates. some an Wall supports into age home
from far that PC a record that’s So new and a gives breaking of and on us optimism performance. is our doom gloom precipice scenario business
since in bought numbers third the the was QX? for around adjusted full So $XX since there’s second bottom in the line EBITDA business quarter PC lowest quarterly quarterly behind our Koppers that PC it lowest were EBITDA sales full the for quarter fourth the the in ownership. million no the numbers and the Placed we’ve that we against number record fourth resulted quarter XXXX first what about was in XXXX, margin also this of of quarter in terrible quarter in the posted lowest the fact Well, XXXX. of quarter the getting under second third awful. fact
direction are Now under our next opposite that the behind reasons that in moving issues year. the the with threefold two control were
First foremost, that where partly increases date to year-to-date. price in been significant through experienced this and have increases the realized offset cost $XX we’ve the only million year
is issue higher through at statements that all pricing. inventory second near financial the have And higher XXXX copper copper as peak how valued into the for of carried has were time timing The we moved the prices that inventories fallen. the cost
the the dollar impact significant had time to slingshot it’s U.S. been us on our behind earnings. new Those plans near record we we’ve performance but and experienced, all items, performance Third low just produce have to foreign strengthening on the working combined to of primed scenes factors in the the XXXX. the negative
Now, XX let’s explain move to on why. to Slide
the big is to demand not base retailers in independence, growth. price increases issue costs resolves margin our all of QX be results differentiated next and plus Beginning the versus dependent mixed market point on caught we’ve and by with fully year, one. that we and applicable reset should an finally is up big the number expected our While be where recaptured at box
high cost throughout normalized next and number be inventory throughout we’ll eliminating that into inventory costs, current our experienced cost the level, drag, brought of levels we’ve problem steadily we takes this head stabilize two. a care Second, fitting at year a to year XXXX down thereby level copper
little experienced, of plenty we’ve we general issue at to rate, we more mitigate there any disposal do offset third our don’t the since but steps should there’s market control strengthening pullback. can than dollar of other or Now, foreign the exchange further are that
Now, opportunities future touch more that our I’ll of on the about business. PC significant just the of have us two excited
October announced XX, re-registration Canada. capturing U.S. treatment the as market So share denied and produced made industrial pentachlorophenol, both to the by was preservative on transitioning inroads significant which from currently we’ve non-coppers
continued fire-retardant product Now supply alternative market leading million industry the annualized is XXXX caught materials as to CCA $XX This of nothing alternative in enter our of a the QX. utility a been grow in that or war oil category price to today. We’ve XXXX won our share we Russia-Ukraine produce. and ourselves to waterborne putting date, new borne our up as business almost we escalated either struggled have legacy also our have got for to finally we’ve feverously the cost this But year business from DCOI. throughout increases to
significant retailer count micro XPS. in recently gives to We the foot our opportunity second incremental the to the in the competition our a $XX million product box at new with us win business a MicroPro a want in door opportunity more gets Now, which called space, is potential this in big displace and revenue an patented pro sizeable future.
Beyond XXXX, simplified through around product business opportunity MicroPro adding on South foreign built operations. we European our our our a to see grow and manufacturing capabilities serious income American to portfolio restructuring
continues on the it performance for this taking chemicals. be really bright future might to we look a While year, chin
that even with believe business, a utility corner I’m potential we’ve confident our towards in to saying industrial greater profitability and products, in turned ahead. Turning change a I UIP Slide and step XX our
past high to first the months, than rate all Now, combination find business our were this also margin quarterly and reaching digits and increases able in the double costs five more XX%. price we highest U.S., investments of quarterly a annualized of year a take while in time to series and on the profit an to and by reach exceed profitability through ourselves over for an time out
those it business in Now, when due now it an we that into PC does chemicals but income forget business our back to result all thought that this business from anomaly, important credit units labor business, results. and this Don’t two that’s even first be we but better. the in shortages, XXXX. could not If our that get weren’t not this we its jump business consumes is trucking turning be bought in constricted and capturing would CMC for as what
that greater the demand solid spent, On as we infrastructure federal to as were Now, and base we’re business seeing business beginning interest this get for even look earmarked year. for mentioned, are on I potential increase Slide placing this beyond is our XX, dollars round.
reduce logistics to and our the plant We adding over next and of have network additional capacity couple automation drying years. through opportunity cost improve
is our diligence and/or new we has end the property first be purchase add drying to plan XXXX. with a to back able third a having or Louisiana, on the and – We processor The property, of in the signed operational close this Equipment anticipation which should plan we’ll location acquire capacity become agreement order by to that in place to completing the quarter year move in been half the year. due of quickly. so in pretty
Summerville, out us an is activity In supplies about That’s recent our hum a been services ties and turn obviously continuing Texas on on our this lower year-by-year consistent cross Coast seen purchased, but annualized products Slide grind market. in business in trending good to has news currently XX. we’ve at or year shown market the waiting it million this pace Now, RPS, shifts basis. on will basis. compete on us along we’re to for to the pole X high ties profits property underserved over whitewood our above we’ve railroad to finish X.X puts on continues at but million business to Center hardware as Australian plant, market creosote the adjusting cost Texas enabling looking that to us nicely the better treating West pole Longer-term add time, it and
working fixed $XX untreated week, closed of the this Janes, acquisition of providing million Day Gross cross covered greater we our capital sales on mentioned capital productivity earlier few independent premium. was which businesses asset million averaged our last that deployment. should & We customer us supplier our these a by go, year million providing North to where the This tiesin needed and asset at least better announced even largest over ties the their that the bid path ties we at As $XXX us and deal, base our will fewer past control also to flexibility while network. The in Investor growth and approximately add control years a million us could $XX a X.X This help over that This stir America. plus certain strategic just facilities be needs our & of Janes the such displaced serve. reduce as at by an is M&A. example Gross locations it will will transaction of two our capital assets
We’re have them enthusiastically, them very the Koppers happy team welcome to aboard. join
to play Now margins improvement our drive Slide in if and we to believe important category utility be we now experienced on side business. we in RPS, future factors a able the reach ultimately are here. this look to on XX, There will contributing few double-digit the the for continue of
when production. we comes come cost new at for the next Summerville, should from along in utilized efficiencies half the year, the it modernized plant pole that absorption of plant it the improved to begins be greater Little the Texas should is experience as online First North Rock with first
by seen filled realizing our This by benefits few ties facilities unfilled should to from be the at at to chemical & into pull also enable labor the through. Koppers sites acquisition. the It issues or Gross and scarcity the & lessen a will are jobs capacity. more we’ve production Janes Second displacing facilities while turnover us Janes Gross bring derived
a a pushing finally, growth with market unrealized the growth our in and away to to of cross one commitment true back can responsible is area back customers incentive adding class it supporting capability solution take our also in new in announced nice due offering dispose now It’s business are to this turn cresol to stickiness our grow steel an is while early providing business critical another to our further operation Third product we ties. the upon a need. our efficient fourth we solve that a to win having is cross by taking current We scarce value furnace October tie and creates of to in railroad believe back. circular that this a capture maintenance cutbacks. the reflects scenario. where rely they shipments blast is contract profitability product for And end-of-life preservative win-win business, The
and Carbon dollar and that year our energy XX, Chemicals steel markets on to gets Russian-Ukraine as to war by Materials raw becoming to the or this aluminum pullback in stronger due as reduction the CMC has foreign the business in material production, odds high production seen Slide this costs the defied that U.S. has curtail Now, dollars. strong key and eroded have supply over a profitability traditional moving it translated in
XX%. In fact, quarterly had in CMC to close profitability record quarter QX record and margin, it which finished
to along to raw and low costs products. or is capture opportunity happening? because the finished price keep material outside business it place check. roughly our Well, the China this steel far to occurred in year maximum offline what’s the capacity that aluminum kept has this taken what rates from This gives have global is be market on of much markets costs due even actually higher pullbacks is spread have in at not smelter best pullback pretty So best energy the us the
the to we’re our Additional production enhanced through we’ve and carbon capital is work the benefits mature should carbon positives old from this plant receiving line mix, of improvements of which keep helping coal more up the petroleum higher of pitch. in individuals make EBITDA, up our We coming an lower a shortfall, to products adding increased with value distillate to ways ingenuity finish some new feedstocks the to in year which favor for yield due of displaced million value Stickney and work value reliability hard $XXX tar done producing create experienced enhance close to has our at testament project, include to the the in who we’ve our to business. portion
XXXX. dynamics opportunities XX, some on XXXX, are through bound price we through and this We’ve products create increases lot market – carbon current to also we’re a battery excitement other like and Slide increases, in of to have to eventually various petroleum be scale full enhanced been that’s yields year us electric increases a create Within our while below market continued production improvement heading expect don’t will XXXX carbon volume vehicle increase products, in carbon as pricing online capability on drive profit enhanced so coatings. of PS that should profitability seeing well into our produce focus that continues spending CMC. to Turning project change, enhanced late current capital money around products our pitch to Koppers, we give a to due come for these there
be guide our move number that turns the fourth when in of for On expecting we year year believe new $XXX let’s to million realistic would is Slide that considerable see with XXXX. back can straight almost this made to previously. represent released reach new the to we the are record past an us a with Tax can require we having over slightly in EPS targeted XX $X reasons in on firmly all-time tax see biggest expect of year are that expense for EBITDA a limitation our still twists first our $XXX which happy this And without year, this Slide you million, $X.XX. on of Reaching quarter. as Koppers we a around high our Now would you to $X reach increase This mark Slide which previous and shows history. that this time guide earnings unfortunately billion foreign ground our to all the is sales to interest KJCC. XX, now I’m expectation material to the reach all where adjusted below code adjusted XX% I’ve issue in XX, first generation impact is grass $XXX for after a and significant we share, million in is the annual articulated improvement quarter, the continue remains deductions to rate. A February. finish and the we third astounding
a perform from next year, us increase coming international with new expected a per should in adjusted CMC to our should generate not levels XXXX easily EBITDA straight PC expected U.S. business based all improve enable high XXXX profile earnings Our businesses, to with of in time increases U.S. at our coupled and share. expected income that ninth RUPS in considerably while pieces the are the
that asset growth Finally, $XX spending finish third $XX year on XX, Of million projects the and insurance the going that producing are are growth proceeds million net it $XX earnings. from a $XX or capital is we in see recoveries. sales you cash and towards applying million Slide expected million of expenditures and can expect after future between to over with
for Now I’m about the In and continue related most time the our than early quarterly and to to be actions or detail excited to happy any meantime, you that what Koppers holds more take for together get I’ve recent expectations sharing might next year. XXXX our questions look forward future outlined. we have future to next results