reconnect XX to notable values world event, offers XXXX conference. of to we've from around on the And around in-person performance. this happenings and leaders XXX Thanks Slide event Pittsburgh highlights that from like around first moving in leadership This brought our since Koppers, had approximately Jimmi the our to global planet, people, March Sue.
and greater people creating front, On the culture. capabilities the leadership time gaining importance and an building maintaining we of understanding inclusive spent of a
deeper front, environmental planet delving that the validate various the operate On to come. for sustainability generations initiatives to about will into it license serve to our social was
performance conflict $XXX our commitment planet. ensuring do. will And profitability, with doesn't which values most short-term people finally, to financial come strive goal to continue on for successful quest are our values million of we while the the to performance three and and building alignment time in XXXX front, that in when creating pursued in all we We're spent our for balance,
quarter. the Also, our welcome Board new Directors of of during first the we member
a an Andrew on currently the and CFO experience seen XX, As service sciences as Sandifer the a joined manufacturing sectors. from from FMC and extensive Corporation, and With nine and bringing to spent Andrew's global agricultural board, Andrew international members perspective serves at Directors a of company, valuable global we time Koppers’ service to eight the Board previously ARAMARK, expands insights. food from Andrew's forward organization. benefiting look of appointment, Slide
visited on XX. Plant met Rock, progress team treating facilities locations North to firsthand Little of our see our And got manufacturing engineering continue In seen made I during as at at and three they and the as team Chris our I Rock. those Little to employees with operations the to Martin quarter, work past his North by our Manager, with remake Slide
I'll comments, Now, to I'll touch was of at this on are that finishing it later just so COVID. us where exciting but see in things close early my in the commenced days say major project to
our level Chicago, and them improving operations by of tanks that importantly, done facility unexpected replacing back and people adding and more had the to deal They team to what doing quality environmental with footprint of safe and while at efficient, safety Plant curve Herring Stickney Our to of their streamline his deserve team production, balls persevered a throughout of At upon fantastic have site. get enabled a every best, has the our Seth serving the reliability. and they and highest their our keeping turn. customers chance job most have of outside with plant, lot a make Manager, do incrementally to approve
And but strategies chemicals XXXX. the reviewing industry able contact help comes have reliability they safety Manager, Millington, improve time These performance. largest finally, adopted people operations, in Greg and team Tennessee their those which transform have the strategies, validate our to plans spend performance at his actual various our I Plant facility, ground our who back of was value to immensely our into with operation, since with through grown the Weese to true and certainly visits treatment in talking the was
my of XXXX have goal they moving our reaching success I $XXX result, EBITDA and keys And to most outlined a February, sincere on As the deepest appreciation. in adjusted million. in
take with along. Starting on at what's we're a let's of XX as businesses happening areas. each look now key So Slide those in Chemicals, focused three on few months we're Performance
The market first price on while maintaining is passing share.
had major million us effective enacted recapture line In price as improvement that February, we of mentioned over that the first net we that year $XX the increases cost of and had I the top should of absorbed our to sales. XXXX Through the over original better sales global $XX throughout increases XX% we're network, quarter, increase our much tracking XXXX. of first million realized as expectations correlating even we than an of price QX across
new losses some as experienced business up volume believe through QX, picked score Therefore, offset that we addition, we In exceeding elsewhere. I'd residential will this expectations.
residential The second key not to success for XX%. PC in than declining XXXX demand, is greater
X% any a to-date base losses in modeled which share, we've Now been and excludes decline XX% in flat. that volumes, or have gain year-over-year to net
months than residential year's moderate after last three QX going finished first year, only forward. and January, Now volumes expected through X% volumes we're quarter we with some U.S. lower are than tracking better slow of while there the the concerns
again slightly gains first dipping before since February, increase XXXX XX monthly March. sales Existing in in saw their home percentage in posting July, largest months
remodeling the turning quarter Now, a XXXX deceleration after decade first projects in continued continuous spending of the almost negative however, growth. leading activity, of indicator a remodeling of of
tabs factor perspective regarding that it's close positive while now driven is the lower we lumber on. one price it, is a of to by category today wood treated will continue trends as a year we to ago, pre-pandemic by than goes demand settling Now, that from on and prices price And the consumer's year a significant that's levels. can't amount, keep the control the back the in market
sales we a year, continue year volume and in increased are strong to and of non-Koppers to produced as in prior is we such bump In expect with over looks projections and third volumes, Through year. our this the with Penta our first the QX, we in replacing XX% XXXX saw of through spending. tracking industrial from demand industrial key a XXXX, for industrial produced Koppers as line trend quarter DCOI. in remain XX% CCA final Now, increase experienced PC infrastructure and the chemical the preservatives this
That’s success first XX the in of and running has business why enjoy Products in demand to seen facilities is RUPS to The Utility keeping order key demand. uninterrupted the division continues XXXX across on customer board. Industrial our strong UIP our for to serve Slide
capacity. our this time in happened which to of in be one also profitability eat best cover to slightly volume behind Now, our which that quarter at and quarter temporary third-party QX whitewood the existing bottleneck posted did at dry treating away ever, interim, of on coming kilns, bringing second best but will an we a higher a we and our quarter fourth Unfortunately, first cost. that we’re is of somewhat to all stress year. in the added destroy of April volumes that X, some last fire comes loss, higher had In is of
of in process to replacing in us drying further the capacity. addition, the maximize which Board construction and our we’re damage our enable of Now kiln kiln capacity, the treating approved to will increase our another
one other the drying our of to the losing don’t quarter, limits that we’re record already kiln Now, hiccup last even profitability plants the kiln, And over on we the at well will exceeding of with of that on track through XX%. of efficiency that. running expectations, believe capacity impact are high loss materially all rates than by recent performance exceed internal and year’s
this bring Leesville, online UIP I is for product our year back in dry February success produce to QX. to in key facility second Louisiana The that mentioned to by
Texas Somerville, market facility Texas the poles. our feed for and treating will creosote site this serve Now,
start tracking out currently We wrinkle further. slightly could the push date that are behind with one
the replace constructed. back as capacity would redirect this replace but internal a currently kiln. to kiln completion replacement the lost project is be damage kiln will to we property we this opportunity for the evaluating faster, do, pushed constructed We’re If a drying
than is great for without news, the numbers business not better expected already capacity Leesville. to And tracking year from this even while
more driven So infrastructure strong impact of market, will spending. absorbed any an being project this by believe we delayed, extremely than be end by
Products Railroad Services and division the And XX. on of Slide RUPS
to soon Our for possible. XXXX success inventory as remains first rebuilding as key dry our
year XXXX. to over million on Now, representing highest we’re since X currently our procure pace ties
also end XX% making year over million We’re building up just over up dry X on totaling our and ties. now ground inventory currently
our the inventory that dried number taking this drying time. plants boultonizing, our end. and less by efficient makes desired track grows to up on cylinder artificial lessens an we as process year QX, reach are air Through Now, for levels by need
for the market. our value second is in of creosote The RUPS recouping preservative the key
I for industry Now, a control, it in value its Costs have factors have have while February result, and needs that significantly to the on mentioned supply as far several chain, for need maintain rail costs caps, ability to we price a increased fair due up our the a to outside further. to our we level, healthy preservative. pay of to increase some and to preservative pass contractually certain increased costs exceeded prices
sustainability no have QX, and optimistic Presently, continue preservative treated tie, Now we occur. value incentive supply million through of any that we’re we more a to creosote and on realized customer contractual treat and we all price which properly is lifecycle minimums which educating the without includes forthcoming, in as not cross price, related, well. benefits our $XX adjustments our than will will based
anything we’ve already Our more current not guidance agreed upon. does than include
back So double move by the the is digit if need we end to business to were progress non-existent, risk margins to of will XXXX XXXX. further RUPS we but definitely
North getting XXXX in is the key mid-year. Little for Rock finished final by Now, expansion the RUPS
and The cylinders treating this ties. first week, begun was new of our commissioned three we’ve
all expect secure of positive on will our should another this to cylinders commissioned to we’re on be startup remaining quarter. other plant’s by end the in in we but second are issues, with promising some the schedule two efficient plant later three this maximize actively note, network. working the The quarter production be some On this addressed, most to the once volume leads output. And
completion excited We’re this very contributions awaited be from the realized of project. to the about all long
war, Chemicals CMC supply to the was earthquakes for first market. in the the our and of in Carbon and this raw decarbonize tar steel, Russia-Ukraine XXXX material And to traditional raw managing Materials key by XX% Between challenging business. quarter. Slide through our the trend XX Turkey features down the is first volume success coal material in
And continuing also supplement from feed in on drop higher the a material the the by fight raw half, has limited first this good lower for raw in higher increased pass available also we we juggling to stock, supply. limited of sales Now, costs the while quarter. on volume act through segment, contributed relatively coal through to but distillers the cost to impact our petroleum-based are remains with the the as volumes tar in much It ability material shape with prices.
acceptance volume reductions currently hybrid comes North for customers in to half of petroleum-based push are a which products, mitigates and second a our volumes. will CMC The crucial of petroleum continuing coal product pavement key blended taking We tar be trialing American sealer, to pitch the in which have demand. meeting
In to business. serving continue creosote blends RUPS products work addition, various our we petroleum with for
try Now, is continued willing different us sets which for up the an to challenges blends, environment more material success. created in material raw have availability that
key for final seeing demand impacted not this year environment by CMC The negatively a recession. a is
we volumes further we costs material recession do that mostly raw face and as energy and but curtailments to enter bringing not that lack the supply, and to was threat up prices. we in demand still year. the due making We throughout year-over-year of down anticipate high Now risk were down modeled persistently similar QX, aluminum of a of due XXXX, the
comfortable that point, but uncertainty feel this through point. at demand we second to quarter, beyond much the too Now with market there’s project
Moving guidance XX. XXXX our on to Slide
sales billion $X.XX in expected top approximately XXXX compared XXXX some businesses see is billion line $X.X Our with to with increase. all forecast for
and of combination a volume. it price RUPS, For be will
industrial residential will and offset growth For volume PC, by declines. be price volume it
lower of slightly For a is little volumes. it bit CMC, price on
the consecutive XXXX is On this EBITDA basis, million. ninth largest a year XXXX. projection at On be will since comparable our be EBITDA and of year-over-year Slide will $XXX XX, our increase growth
gains and is profitability back. CMC mentioned, step previously nice to see For take and forecasted in PC should RUPS all XXXX, a the reasons
compared costs of On our the $X.XX significant operations, with a XXXX in is approximately guidance achieved surpassing through in highest still $X.XX EPS $X.XX adjusted Slide generated take prior year. finish Higher growth at adjusted interest company XX, XXXX. should the will earnings in average XXXX for bite EPS history, out
$XXX harm zero On to that’s in XX, on our million million we that include approximately the higher spending approximate million and Slide capacity will $XXX capital $XX projects, million UIP. XXXX growth $XX $XX $X XXXX to approximately anticipate now spending be to our maintenance dedicated our Required will to with million which million than significant productivity for $XX in finishing million addition of new drying levels.
are estimate Now, original we’re million capital XXXX the the certain out to more spending while we increasing our spending accommodate to than pushing XXXX. $XXX estimate working no into keep projects to actively by kilns,
Now moving XX. to Slide
see to our million in $XXX XXXX EBITDA expected You from path our can base.
over while million the two the first we to year. multi-year for began bridge during by three even of next And a years captured books $XX most remaining years, completion of million improvements this $XXX are projects that in very finally year. scheduled believe remaining as implementing demonstrated progression be shows modest the The the will end larger that I the the pretty
Leesville, products exceed to those material kilns, a new impact dry our our the to recession little new which that context business Little Now, two over doesn’t Rock, I year’s will timeframe. mill. micronizing that our Otherwise, or of in course, our ability good target, meet no carbon or include contribution from feel enhanced I about have couch this North on comments,
EBITDA year capital over of most completed captured in to of projects, XXXX. million that $XXX much expected will expected annualized generate over that that’s are be end with to in Now, $XX million by which be of
our we’re the to to making leader the about preservation continue as wood really good and in I optimize summary, In global feel progress expand technologies. position
As we while over discretionary our shareholder tier value. to and flow cash values planet next we several solutions, will of significant the years our and unlock customer create top performance, strengthen focused people, continue adhering to
Now, with that, open to questions. up it for I'd like
