Leroy M. Ball
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around the the notable happenings company. let's Next, discuss
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leading XXXX was XX, business all the And with January the Chief across Slide core On decade, leadership Koppers. been has and optimize Koppers the he's of of XXXX. of advancing you segments year, that since COO CM&C and Jim new Vice strategy uniting our significantly operational President of and to of business of we we see markets. Executive at infrastructure our served Sullivan announced that has start our the Jim contributed our Operating business, and to key the see President Koppers expand in and that Officer transformation units restructuring since named across today, as
will base Jim in us and doing is in President, competitive of our position of does continue As what asset best, best he which the the value is fighting bit that out every Koppers for markets. getting our putting most earned,
corporate our In in role continued further which underway this unchanged people and relationships. strategy driving happy is addition, a remains value, focus CEO XXXX and unwavering which first advancing our well-deserved accomplishments culture the Jim's stakeholder with My includes development allocation a he'll shareholder with and play building leadership today. strategy, of as support setting promotion. priorities, continuing on our recognize and key maintaining capital to and I'm role
is look call, to he not greater on on Jim you to future time time While context calls you'll from we provide progress. on hear as from participating today's with our
the serve actively UIP special Sullivan moving Vice to Slide UIP plans with January effective of will UIP role early he'll will the role Koppers. Jim involved on optimizing in business XXXX our strengthening Johnston career at by customer an take assistant place as veteran take in and X. of the American Jim for XX-year XX North logistics as and after the effective continuing current formerly a Vice XX its course the production, the Starting CMC. and North on and transition and transition shows of relationships, grow past be of stellar Bakk will as our now retire running Koppers Vice Jason growing over commercial end President, assume American Healey, one. that we'll his leadership of also led a organization from smooth into for X, of X, performance of CM&C step North XX-year making leadership announced will business President were CMC July be our of role July for CMC that safety is North Brett sure UIP XXXX. will the responsibility share, market promoting July America. Vice production Brett to across financial President America President, sustainability. responsible months, the Jason
visiting a excited that assure Individuals And at spent a as President [ be leads friend all who shining organization, U.S., the in extremely but number to who I our on last pleasure are goodbye of Richard Brett and to CMC Richard good say his the remain ], retirement given XX. we influence with businesses Bennett Operations who of of their emerging our capable responsibility. time see Jason well-deserved Koppers scope leaders opportunity Slide investment of team and the also Healey, good so In like Operations; and continued our of In community the to to and Lyons [ expand pole it's of Nick him seen grab always and both our the sad Australia in in of Australian ], Vice Australia, facilities, have I hands. our Koppers. best continue months, [ to business. our Manager; Jim the couple our Moretti ], success. utility examples had individuals wish I has fun much to to our contribute it's to
production in Mayfield employees a with lot facilities and talking well as located learned I Longford. always, As as Sydney our our at by office
do had flying showing radar. to over that safety have metrics out top-notch actually CM&C need a straight deserve. fact like time while performance I frame. improved also get think call the our of the that has record they X they doesn't Australia the business team We I Well, Australian credit that in under years near
business getting results RPS after Carolina team over our team our in my Eutawville, for out go visited year. location interactions Carolina, we put Carolina of was out of South along with chance Vidalia, It to pole their continues consistent location each week Our the past members I to where by a and Hill, in at the in with lot and facilities great South year see Florence, efforts. South My the a plant highlighted thanks year. a PC to Georgia, Leland, U.S., turn money Rock also Australian while UIP work to North all Carolina. entire In the
that of responsible America's and most for companies XXX from our XX continued our improvement pleased the Newsweek several with in From Florence our [ Koppers Wall in out our to new make and showcasing treating in which recognition team Frank Littrell, the in is pole It's in our XX our facility Hill that Eutawville of operation on significant highlight Julian ] year. social Magazine say as spend Rob materials utility Street category, indicative and consecutive like placed tie of I'm even in Vidalia. new Vidalia, Mario people fourth Koppers members a shows XXXX we out new companies XXXX, new highlighted Journal in result one ] from work. our and I [ got special rolling Pringle finalists meeting impacts. Sharon Rock a Slide Georgia. XXXth micronizing Area societal to Gillmore, our progress chemicals earned will mill place grinding was making over to to We to kiln stock that Leland, which Young, media. in also is positive time that Koppers' of XX and
grid the this details and Thanks driving our to poles. ], favorable all larger market highlighted Healey, growing recently by the a investments have poles $X.X utility North which of today billion pertinent continued trend the XXXX. opportunity to the an billion We at commissioned information our and a approximately inorganic put the utility XX% Brad market currently business Texas assessment, [ to the market need health external for with and and industry article is of and Brown nation. lot providing macro the $X.X the electrification and behind our to the expansion more infrastructure American of to would power that backdrop Vidalia We people of and and get organic overall share industry low a telecommunications into how and approximately to we visit with Wood, supports leader; less the the of of demand Manager The throughout still both estimates in for harden hosting little Plant the growth. Jim acquisition mid-teens UIP and do us share Singleton help and than the scene for potential
on strong of Now of was businesses. Performance Page in start XX. year sales a very Chemicals our PC obviously and review the I'll as a to both each XXXX with on business hit new highs EBITDA.
money, X% can year, year, As but base best estimate, over the will projected base which than on business customers our even were by last analysis chemical would of our we customer we grow, volumes that business from shifts enter would a modeling increase year. never relatively cost continue among customers with on that on a prices The going recovery pullback, approximately the our X% XXXX, base XX% into that predicated January higher X% but well, this originally into the do we pessimistic by from mostly X went industrial figured our were through higher overall same, it remain we did get share actually customer to happened. volume residential residential relatively and drove because expected. saw which by little We some results that to our which volumes our our effect
we volumes in the most a believe we that and in the is based upon South offsetting expected region and impact. to come flat that plus result from cost a of $XXX little top price from performance number our year shows XXXX The minimal million of can residential XXXX, model things. great improvement increases American price $XX is experienced of another million EBITDA, we of Factoring
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a and for side, annualization additional So business industrial preservative about from X% piling. and XXXX on our expect the sales Also annualization again volume in of benefit see as of a to some in we'll strong in new of continued we a business that business. 'XX market the increase result the captured poles see
On bring we mill side, our some will of MicroPro the new higher as cost our expect the grinding to back online, grinding improve cost outside costs which of in-house. position comes
For PC U.S. should year, the see sales internationally. decline as in we flat slight sales offset gains in are by the a
million year. these On and we the sales, adjusted approximately year $XXX $X increased full margin to accretion for flat by million EBITDA should see
year, a beyond Board that capital performance meeting, of approved in Looking growth at treating in our and to Brazil support business recent build region. the Board this CCA our project to our capacity
For investment, growth payback a than we in fund should less years. that continued result million than less X $XX a will of
Moving on and also to XXXX. UIP EBITDA Utility had Like and business, business our year Industrial sales PC Products Page in our shown XX. record on a in
cost recovery and volume performance. a story, with was PC UIPs recovery While cost and operating superior
bottleneck, our From of pole by XXXX treating chug thankfully, command And dry April in fire year. In in our of drying operations another at benefits once along investments our improved of again, continues margins. at that at Dry process. kilns and and strong Plant began strong step every helped has a although period. us and demonstrating long-term through timing to that as been the federal little market helped benefits. In its weren't that as in losing softer their have remains the activity product we our year. a sort of strong the to a remains the strong, their we continue industry remains in XXXX, backdrop a pace. infrastructure year supportive out to incredible framing appealing network really and an team posted hungry budgets and and full for product, had the to we some business XXXX were to earlier very ops year pricing of part and Australian last consistent customers able their to try several XXXX suppliers strongest in productivity also as But made of one was performance
online While [ year the location from we benefits feed pricing ability Louisiana resuming the likely additive coming gain Texas this see being, Leesville, for is market. to to our will then more ] the time
by we our position. costs which XXXX quarter, any have time out have close working should have in addition be In also addition, but to expectations help Brown XXXX X.X the already cubic timing doubling which of I of portion additional feet Leesville, of year-end place end million Woods in contribution XXXX the and them benefits. already of our online, in greater drying capacity on should will contribute We're clarity until we results. to officially excluded of assets this our capacity cost by from the of remaining and referenced on
storm the XXXX As a final including expectations, a that not elevated always of any but activity point remains we're impact in about UIP, wildcard. our
fairly year for the was see but out hope will volume that to active. sake additional more of storm we XXXX that response we note this those turns could affected, year's be XXXX as if well, storm for be a season mild some
XX. while the in Railroad slightly improved seen significantly short was and it of we've helped Our Services million is businesses. other well $XX coming business Page increases summarized performance still of of XXXX, still pandemic. price out fell lags Products RPS the on our covering And our cost increase business but
situation the competitive to our dig in a to find railroad what On needed by operations reaction XXXX. ourselves the due price in of out we to to perilous the inventory ourselves cost in in raise side, limited we required slow brought continue on effort could market do
significantly operation As while also volumes time a result, times of and [ years which burning over been significantly running more in reduces a much the higher bringing X doing efficiency. bolting green past less ], we've efficient during
the was profitability X/X side, On number procurement we've reorganize XXXX business and plus count treated head highest of by over our also X we while were Last our represented reducing since increasing operation, able least commercial XXXX. we at to purchases XX% our seen strongest in tie by in years. ties almost the year the
good a had maintenance pretty we've was it our businesses XXXX. the since acquired it Lastly, and in year business best in we recovery our away year tie in
and term. continue them We responsible solution overall expect to and to long our of our to in tie customer great end-of-life a that continue see find interest business to help crossties base strengthen disposing their helping us capability
significant the few cost to on As past remaining we increases we've we to from partially over years. customers to endured XXXX, look the several some offset price continue a recovering work
added expecting X% begin cost the uptick business October of acquisition Gross a finally Janes some from the we side, On cost we're full & side, on XX. the to additional from expect synergies and realizing in volume about
can way where for to getting a We'll we Little decommission our and stop and Rock into back to Texas sorting be operating Leesville begin tie of couple new greater be, our also pull plant. levels North boltonizing they year inventory once operations that at the we need the scaling sale Now greater from dry later are treating as plants. our facility treating benefits material leverage market. can facility treatment We'll Somerville pushing begins old their gain this getting at
finish to realize price be some lower move will away 'XX utility XXXX over eaten a business of EBITDA is as combined couple benefits years of unit adjusted without if will expected higher achieved. passing the Offsetting past that million in benefit million rail to creosote RPS on some than in to high product it is will Overall, at CM&C $XX $XX to costs XXXX segment slightly RPS. expects the new and business has and profitability represent maintenance the the which that increased and segment, RUPS
most business past business, the a the few are from the which years, been in standpoint. has case expected has surpassed our gains the As from utility of rail profitability
business, disappointing. both was XXXX which on is and Finally, Page CM&C the XX. challenging summarized under
throughout estimates we results that While maintaining issues that absorb expectations exceeded repeating our our the guidance, profit to various didn't record the reflected dealt business. while CM&C certainly for have of XXXX early original this of in year and with our ability
most turn out while we other more factors will are a radar on We the be endured blip what systemic. to believe of that
the of the the business, got ourselves Not of drop in we plus as Europe's through bottom into with the this North are pitch in their when That now straight carbon our year likely America we already through profitability a typical find our what higher-value occurred in had markets issues and in the And where ] performance. in in the we're and spot inventories. year to as product fourth [ Australia moving in commissioning the products that seen we're record bit biggest sudden were back we half that second have than tar cycle distillate while reflects be a finish million at go a $XX begin a 'XX, results nearly Our quite of markets. quarter, in in only lower-value facility Europe to stabilize position new used Newburg enhanced but lower QX.
in Unfortunately, still very price a solid Australia some XXXX have will due XXXX. year won't higher to input a they moderation be costs, and able of to repeat but combination
very We with customer fourth by cost plant. to in and So unplanned costs, American had material saw credit We reserve to did with reflected that America. a substitute bad continue and in We of We with on in events volumes had to imports. phthalic resulted some volume and our higher having in confluence a had us that us results. North repair that that in disruption business resulted were some suppliers throughput a in deal that happening tough the to drop our maintenance higher increasing seem raw outages quarter XX% losing of resulted Stickney have debt XXXX. one anhydride business issues some our and through we North challenged
plus product though, back again. is supplier the tar side, supplying and online On petroleum our
over of expenses to also will out plant able into this the pass And as the increases we America, of to and winter that higher and through has cost endured performance past cost picking moderate. was is some the milder CMC the for creosote getting RPS will weather, some be for of moved credit account years. up couple year North
we and XXXX. EBITDA with flat $XX on number results keep million a changes near-term to in its there's term. and we determining CMC, our what While $XX prolonged but that's due phthalic to the full longer can weakness through that sales into continued minuses, be made on I business reassessment of to million in range happening, going lot back all noise pluses believe lower know a in we're need of a going the before taking XXXX in
On Moving guidance. Slide sales our primarily driven RUPS. XXXX to to X% consolidated growth XX, X% we from expect of see to
is billion Our sales forecast $X.XX billion for with XXXX. in $X.XX compared XXXX approximately
contributions XXXX we'll CM&C include contribution from from Wood, of for and $XXX are our transaction. stays these We year-over-year, as estimated forecasted sales to target the while PC, flat by decrease of million. flat. million in to to we On CM&C see which RUPS top speak $XX already and PC adjusted be to Once both once million close line coming with I've increase. are Slide EBITDA expect XX, RUPS articulated, maintaining again, of projections sales we're $XXX Brown none
how in play from our adjusted will In terms out EBITDA XXXX standpoint. timing of a
with to every that first impact Our our last impacted strong the up of QX as issues to production customers. the with not dealt out as and U.S. flush well January quarter will match of the snap also in of CMC of year's QX at but several the one we dealing cold we plants very grip as our U.S. just some about
similar as last a and X tracking following and passed. a I tough strong year Now start gave, if little reasons first years get give quarters know up insight comp. beyond results, expect QX. for just to the we strong year's around the we million year Therefore, January expected, $XX compelled with better, we not we very make quarter. to for a but last feel I managed until normally the annual seasonal for Based won't March, upon EBITDA in to that know QX only quarter the addition X, X, January we're is with our not as guidance. February expecting trajectory providing I share we the a first were mark
of to operations, by per $XX and X% On will XX, we see higher midpoint. capital be just million $X.XX zero net harm spending spending with million in EPS D&A XXXX XXXX. our funded and us another taxes. again to will is approximately enable estimated the will million on beyond will least over to and will operating earnings at XXXX On nice which we growth million once our than increase with would $X.XX to finish be expect cash under we of Required $XX a of at be adjusted growing eroded capital productivity bump dedicated Page from That XX, represent somewhat $XXX a million. generate $XX be basis. approximately which share, profitably Overall, $XXX by expect Slide projects flow that year in to that range that 'XX our a lower million XXXX, continue at anticipate an spending $XXX maintenance on to record
would doing approximately prepare repurchases It to of offset termination $XX and top-up work in the do We the share a for U.S. quarter. we're result likely we that. will pension of which fourth follow the contribution million. occur on dividend may plan, in our some dilution, our Beside to share through
before find plan on scorecard a top a equates sales After years, from $X.XX X% we to $X.XX Now to X% we're move we've now I billion, a at to tracking ourselves would From how want a we Slide to quick CAGR CAGR. as line XX, strategic provide complete. sales illustrated Q&A, we our X I of XX% goals to standpoint, to which as XXXX officially billion of the grown grow said X%.
side. on ahead sales the tracking we're So
an range standpoint, strategy. XX%. margins XX% XXXX at the by in approximately to we of margin From XX% generate EBITDA end the we'd We finished said the
means of spend years $XXX originally said to above facility That anything From be now number a need or original spent that as such X more and net means would range. be million about $XXX to end to million X-year beyond we same be over which the range our the period. at would X only which top said of the some as up, we we million down generated end to million. an between bottom will we $XXX million certainly, we've have within million, From of the XXXX X to ground we sight. Through our $XXX capital level line $XXX added remains we that about that spent, years but cash need the get So to it XXXX to reasonably over at operating and flow generate mentioned standpoint, already with is years, $XXX million I target CCA million, Brazilian $XXX that earlier. make to the of capital standpoint, the should $XXX we'll contribute
effectively of conclusion spend that approximately more capital sale all to all to going to CapEx gives acquisitions while M&A grow originally going that ahead to what flexibility tuck-ins displaced of have also brings to would tracking it's and we're enable we looked Gross in well & to that Wood, if add. otherwise us ], as target adjusted thought, what Janes $XXX core we in key tuck-in of communicated. Brown to projecting EBITDA, make well now it XXXX It beyond part which will million us the us our we All [ that and such
that the excited future Kopper, our and to continue I in to and infrastructure we're As the presence to we influence core markets say, looks key at serve. grow bright continue
Now questions. I'd like to open it up to
