Leroy M. Ball
Jimmi Sue. Thanks,
some take a at happenings. Let's quick look notable
our XX, which As issued available proxy we XXXX our seen on Kopper's statement, Slide are on report annual website. and
access You materials codes can these the also as using QR shown.
to seen and on Company, transaction The supporting underway. markets presence such at to serve recently pleased to the geographic historically an close Slide the once expand Texas. offers team point macro Koppers UIP facility and XX, strong future. new Leesville utility in Killen Slide new in Summerville, place, Louisville, our our our Louisiana. is increasing our portfolio. into XX well for peeled and geographic capacity family. Texas. facility they're welcome in completed place presence. pole improve market bringing markets As existing Brown into have This capabilities as in we markets of added enables them Preserving its is very poll cost-effectively acquisition have a an integration we to our and And assets growth new utility efficiencies increase The the sent entry the piling in will us this which Wood attractive potential in underserved sources of the business, We operation have drying raw where to production pillar for Wood to foreseeable to related are Brown presence well shows site poles underutilized We're continues in Having as of believe now our as our our we lacked material. dried, a capacity treatment trends
exactly Chemicals businesses, planned I'll finished with X%. the for by had into out the the under business heading it projected start of Now review in as Page And PC of flat played and volumes off they QX almost year. our each XX. Performance on QX, for We about year. we residential
overall XXXX, remains the reduce its capacity of which the upon cover for touch frantic begin beyond. expected markets market in pace From XXXX customer micronizing year the I'll an our realized be business industrial which the new negative As pole will should been on market dollars will in operations new costs sales operating first temper our standpoint, has comparisons, annualization in volume when QX this as and and anticipated, production progresses. of an I that to XXXX. growth due have as in in in and and segment should will year-over-year industrial additions from customer UIP, our Brown impacts we residential industrial internal some Adding the help Wood, though expect continued breather in year-over-year and business but strong temporary the Even completed backdrop year. still we a the back some to May, the taking half better seems underpin
prices raw have generally up the we're in this our far April XX% requirements. an on are uptick a fully impact XXXX for should Kopper On side, significant year. year hedged results taken this have our material not thus as This and
revert don't it if the costs be discussions contract And XXXX, fluctuated for to of while through the for outlook the have price band remain supply chain on as will they the XXXX. on back they extensions However, need which original our to original expectation original XXXX we're passed remainder at demand line we in higher in could $XX continues cautious instead between these during we complicate our can of for finished year EBITDA expectations, million. million to with and in of think a $X million above generate more adjusting expectations. improvement our we profitability million few the If be least not demand $X with somewhere to
record although Now the globally, QX moving both profitability, XXXX. and Page in as Products QX Industrial only business quarter nominally than on our well record on to as produced Utility higher in shown U.S. the XX, first
quarter. had on entry the the impact Texas sales first into lower our Excluding for X% an market, volumes approximate
million make that able we up with to price. Now were $X.X in
Some last in of slightly cost cost ahead Texas first in which capacity plants real our was quarter the bring drying to of that the capacity Contributing to year. us new into December, and for at enabled management came better the better results sales the more to take online in-house.
volume will second infrastructure to The The experienced of drop the X.X that hot various a we help was among our its position set feet further. capacity segment spree. the million funding but and half drying bought the in QX cost of and cubic quarter isolated as off buying panic of not scheduled broad-based, online market in customer come the first on XXXX is our in base a industry mechanisms
normal projects that more got patterns. on level, a they a treating Now seeing order for are ensure net regular little supply to their and their they industry we're about widen bit and that those everything they're sitting patients, wanted exhibited those affecting of bottlenecks inventory more. But worried
in on Now cases, a now has due to sitting been about little harder these the customers some are interest higher in work ground situation inventories get been to off That funding slower delays through. rates. they grant projects and the made that higher need have
utility macro hardening, business the will electrification that poles. remain strong infrastructure, to believe of to in like energy Koppers, back trends X, Now continue due that want with levels or renewable pick to grid benefit. broadband the for strong will a a those to were, of where expansion, it's demand position expansion continue best of they that up and we'll this healthy network quarter and the a the to whether stress to be I long-term aging fundamentals demand drive assets of I
UIP Finally, front. on the
been their base. X with Wood ourselves I on mentioned, and April have on As operations and Brown familiarizing closed previously we customer
This redirect finishing from we're to be million while expect million EBITDA quarter, process modeling base $XX their some we as $X to this business meaning and presynergies, results we'll integrated. with doors we our work accounts. new out business into sales a opportunities get standpoint conservatively resources projects only in of fully XXXX, in And XXXX spent contribute open and to sorting acquisition that
increases quarter of and in on impact Now positive more to weather-related from business profitability in decisions other having from Services in were of on Page higher rates them operating need summarized railroads headcount, even costs and during driven our increased by by to from labor our operating increase purchasing impacts, and brought while first the resulted from a form hardwood XX. historically maintenance Products defer came results. and contributing Railroad cost Part rail is of XXXX our the market the prevented increase the from worse-than-expected year-over-year inventories up rebuild costs costs higher levels Despite an on RUPS, the labor low way hot the overtime. of The to business XXXX. business
Now continuing decisions pay we're by could efforts, we best despite to not the our certain influence. still customers made literally that for
great have that or of customers life and over cost. we historic as under supplier, do go At groups, comes that seen change, quality One have the else all their cost for years. expected of contract That cover as we our Koppers, next provide over while ensure fundamentally need help increases, Certain different ties to a a by needs to have the will railroads the so. the and their through relationships. top railroad cycle, we'll us also receive pains agreement understood to past purchasing it willing have been contract price against elected for of to wins their a contract not last increases to which demonstrated the several quality we safe do critical to flaws better that current to of the Others inflationary pay at value have base will companies fundamental transport the to for price model them to provide protections ourselves goods.
our align revisited to model business we've result, priorities. a customers' our it As with true
and quality service. For some, that's
says going price. price. certain a pure be we've but to shift behaviors with will safety and to it's customers' values, about others, and quality, For compromise what not that's probably really need satisfy say it Koppers been what focus line too which is we value, To our product the in priorities far they industry clear, what producing to or product
contracted benefit effect might able even you comments, As able haven't last be been went all from an my to by though year, into QX adjustments in reach agreement we base. our infer customer realized to we that throughout with pricing still some of
investments the doing meantime, statement called at going anything we're we be begin contracts. we uses continue of that for get from for so we that of it we means treating if work earning our way to figure out hard which can to explicitly side assets to things won't on make costs, isn't that real So and income the the certain go our to other a explore with approaching can't cost under back customers. our capital our In other
remains for As QX better demand it's as projections. still and will expected been than strong in a as to XXXX although met years demand contributor slightly is many Commercial less volumes, robust than be and still be results. to in time XXXX, original expectations
business. our remainder the but by of year-over-year was to EBITDA for February, a business quarter. our our maintenance the net for or Rail improvement first utility Finally, $XX the than projected detracted in In negative in to what improvement plus over million be year, results seen lesser of RUPS and will $X year-over-year we million QX away a extent from our
modified are to in range Our being projections current a of EBITDA of XXXX. $XX million million to improvement $XX from
sales volumes $X rail excess utility combined localized imply with the net driven includes inventory in Wood contribution base $X a from to would million the projected in the million of Brown reduction by business $XX million the estimate, which of range lower acquisition, our business. that Now
expected volumes for early process And raw Europe million variance. is cost plant boost summarized Pitch and which year's projecting of way while drove see relief costs in with material and beginning to year, looks be in reduce QX, Even quarter QX, year, Page goods doing. weather-related we some the a last in of issue throughput which a of negative headwind, And reduce raw what working year, on our higher EBITDA cost global received North will throughput. compared for XX. will downtime our inventory another off which in and we're poor material business, endured to to on like than the Despite can volumes producer's due likely in CMC came volumes, costs CM&C. and pitch Finally, unplanned We're plant costs over higher finished to through we to working better only their due lower backfilling work $X in of throughout material we higher and expectations if offset which its the we're QX, through cost first need raw the the an way so remainder talicanhydride the outage, the further. Australia we hard that America to to slightly actually
quarter, will benefit from second We continued also into benefit. which to salacanhydride a at elevated least volumes short-term provide expect last the a
tariffs is visibility exactly our X, intention Century and in will it aluminum drive Longer For not-too-distant materials. down of to U.S. critical the U.S. the the positive can't We this that quarter U.S. expectations for term, products. recent a and We remainder original trough on say believe sign need announcement just the and for therefore, be our a earlier U.S. and EBITDA the future. $XX will on a that this the in of aluminum year remaining manufacturing $X the impact projection when. to copper's to a have around their market given news aluminum our always those for The helps as in segment. a smelter million demand hit U.S. sometime primary have Aluminum's of of we beyond flat will more business see there in production QX markets end improved next to for XXXX the year carbon-based and their below global of momentum positive CM&C lack compared for steel million or shortfall build aluminum production full EBITDA new we're great need XXXX, bringing
higher our decrease sales by XX. and increase sales are with Moving sales sales We're to offset Up a overall PC pullback X% guidance utility Wood to be to CM&C consolidated are sales partially see year-over-year $XXX RUPS, million X%. are line in to forecasted short-term Brown maintaining Slide XXXX on and volumes. contributions from of in growth flat estimated to top in projected million XXXX. million $XXX XXXX $XX price billion talicanhydride. billion XX, for by a forecast range partially now from pitch, increases volume $X.XX to in adjusted the for $X $X.XX targeting On in Brown we're in declines by Overall, $XXX includes due volume compared Slide primarily to approximately sales and with carbon which million of is offset in million EBITDA acquisition. XXXX, Wood our
be for CM&C and until order. will for improvement short business initiatives made an are improving markets up not We're this our several materialize CM&C quarter will before expect table year-end. be we most of in is in long-term the there uptick All year, end While XXXX. remainder the will unless to first show pursuing difficult definite options the shortfall the for CMC, but improvement making in on decisions
depreciation that and including both business originally from a the through adjusted first to Brown outperformance somewhat its the by On we're forecast. amortization PC in little will coming quarter and EPS be and Wood contribution higher projecting likely side, of than our which interest, strong the positive offset acquisition operations, are it. sustain the rest XX, will On add a Slide year to
include million We're million many from pension quarter the the are any I to believe short-term of of $XXX of from $XX Harm underappreciated we're of on is top-up $XXX given occur million growth for $X.XX to it estimate our a on in to cut year also million in understand would the of plan, which target XX XXXX that estimated squarely $XX our moving of upper make operating and remain Slide expect $XX XXXX new continue million $XX most Required is our We're our contribution reflect our within cash million share capital termination dividend a $XXX per still we the result realize to of uses sites. will difficult with XXXX.Slide offset to to a to path goal the the continuing compared share a with of truly representing On goes $XX the $XX approximately there reducing the contributions XX, basis. that preparing range U.S. our that has Koppers. but of business $X.XX to million but and net Brown in of moment, fully on to now projects. and is the cash for dedicated end range at may our maintenance that benefits our I expected share in million, our in $XX estimate Zero dilution. repurchases goals year, time shows parts For finish diversity Wood spending flows and productivity which acquisition. that range first recognize sometimes now million that to we adjusted to by be with high of our a beginning that by we been million our XXXX of XXXX, EBITDA to $XXX majority as will that strengths to to XXXX to with prospects approximately one and and some million, our do of spending
open it would to Now up I like questions. to
