Koppers Holdings Inc. (NYSE:KOP) Q1 2018 Earnings Conference Call - Final Transcript

May 03, 2018 • 11:00 am ET


Koppers Holdings Inc. (NYSE:KOP) Q1 2018 Earnings Conference Call - Final Transcript


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Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Koppers First Quarter 2018 Earnings Conference Call. At this time, all participants are in a listen-only mode. (Operator Instructions) Please note that this event is being recorded.

I will now turn the conference over to Quynh McGuire. Please go ahead.

Quynh McGuire

Thanks and good morning. I'm Quynh McGuire, Director-Investor Relations and Corporate Communications. Welcome to our first quarter 2018 earnings conference call. We issued our quarterly earnings press release earlier today. You may access this announcement via our website at www.koppers.com.

As indicated in our earnings release this morning, we've also posted materials to the Investor Relations page of our website that will be referenced on today's call. Consistent with our practice in prior quarterly conference calls, this is being broadcast live on our website and a recording of this call will be available on our site for replay through June 4th, 2018.

Before we get started, I would like to direct your attention to the forward-looking disclosure statement. Certain comments made during this conference call may be characterized as forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of assumptions, risks and uncertainties, including risks described in the cautionary statement including in our press release and in the Company's filings with the Securities and Exchange Commission. In light of the significant uncertainties inherent in the forward-looking statements included in the Company's comments, you should not regard the inclusion of such information as a representation that its objectives, plans and projected results will be achieved.

The Company's actual results, performance or achievements may differ materially from those expressed in or implied by such forward-looking statements. The Company assumes no obligation to update any forward-looking statements made during this call. References may also be made today to certain non-GAAP financial measures. The Company has provided with its press release, which is available on our website, reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures.

Joining me for our call today are, Leroy Ball, President and CEO of Koppers; and Mike Zugay, Chief Financial Officer. I'll now turn the call over to Leroy.

Leroy Ball

Thank you, Quynh. Welcome everyone to our first quarter 2018 earnings call. As always, let's begin with an update on Zero Harm, which continues to remain a top priority here at Koppers. This quarter, as part of our efforts to ensure an ongoing focus on protective measures, we introduced the next training workshop called Life Saving Rules. Life Saving Rules workshop is designed to help mitigate our most high-risk activities while giving our people greater peace of mind about their safety on the job.

To-date, 15 of our sites across the globe have completed the training with 11 more sessions scheduled for the second quarter of this year. Our people continue to show their active engagement in applying what they've learned from our continuing education efforts. And during the first quarter, employees