Koppers Holdings Inc. (NYSE:KOP) Q4 2018 Earnings Conference Call - Final Transcript

Mar 01, 2019 • 11:00 am ET


Koppers Holdings Inc. (NYSE:KOP) Q4 2018 Earnings Conference Call - Final Transcript


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Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Koppers' Fourth Quarter 2018 Earnings Conference Call. At this time, all participants are in a listen-only mode. (Operator Instructions) Following the presentation, instructions will be given for a question-and-answer session. And please note that this event is being recorded.

And I would now like to turn the conference over to Quynh Mcguire. Please go ahead.

Quynh Mcguire

Thanks, and good morning. I'm Quynh Mcguire, Director of Investor Relations and Corporate Communications. Welcome to our fourth 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 in today's call. Consistent with our practice in our 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 March 31, 2019.

Before we get started, I would like to direct your attention to our forward-looking statements. 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 included in our press release and in our 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 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 today for our call are Leroy Ball, President and CEO of Koppers; and Mike Zugay, Chief Financial Officer and Treasurer.

I'll now turn this discussion over to Leroy.

Leroy Ball

Thank you, Quynh. Welcome everyone to our fourth quarter 2018 earnings call. I'm happy to report that we had a strong finish to our year as we finished 2018 with our highest sales ever, our highest adjusted EBITDA ever, our second best adjusted EPS ever and our best safety rate ever. At Koppers, we remain unwavering in our commitment to the safety and welfare of our people and investment that we believe will lead to a stronger, more successful future for our company. We continue to believe that if we protect the health and well-being of our employees, success will follow in all else that we do. And as I just mentioned, I'm proud to announce