Koppers Holdings Inc. (NYSE:KOP) Q2 2018 Earnings Conference Call - Final Transcript

Aug 09, 2018 • 11:00 am ET


Koppers Holdings Inc. (NYSE:KOP) Q2 2018 Earnings Conference Call - Final Transcript


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Good morning, ladies and gentlemen, thank you for standing by. Welcome to the Koppers Second Quarter 2018 Earnings Conference Call. (Operator Instructions)

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

Quynh McGuire

Thanks, and good morning. I'm Quynh McGuire, Director of IR and Corporate Communications. Welcome to our second quarter 2018 earnings conference call. We issued our quarterly earnings press release earlier today, and you may access this announcement via our website at www.koppers.com. As indicated in our earnings release this morning, we have also posted materials to the IR page of our website that will be referenced in today's call. Consistent with our practice and prior 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 September 10, 2018.

(Forward-Looking Cautionary Statements)

References may also be made today to certain non-GAAP financial measures, and 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, CFO.

I'll now turn the call over to Leroy.

Leroy Ball

Thank you, Quynh. Welcome everyone to our second quarter 2018 earnings call.

Let's start by reviewing the latest progress made on our journey to Zero Harm. In early 2018, we introduced our Life Saving Rules workshops designed to help mitigate the most high-risk activities, while giving our people greater peace of mind about their safety on the job. Since then, employees at all Koppers legacy facilities across the globe have completed this critical component of our ongoing safety education efforts. In addition, we're working hard to introduce the newest members of the Koppers team from MA Energy Resources, and Utility and Industrial Products to our Zero Harm culture. The training and the foundations of safety and Life Saving Rules are currently being delivered to our employees at those locations with more to come.

To-date, our Zero Harm training has been primarily focused on frontline employees, who engage in our Company's most inherently hazardous processes. We are now deploying the training to include our corporate staff as well. As we continue to advance our culture, it's important that everyone in our organization has a strong understanding of the effects, our day-to-day words and actions can have on safety. Additionally, coming up in September, we'll again be gathering our top global leaders in Pittsburgh for our third Annual Zero Harm Zero Waste leadership form. This event is always energizing, as it provides an opportunity to reaffirm our commitment to leading safe and responsible operations, discuss ongoing challenges and opportunities, and take part in skill building activities and learning sessions related to safety, health and environmental topics.

I'm pleased to share that Koppers total recordable rate, including our newly-acquired locations has continued to decline through the first six months of the year, putting us on pace for