Koppers Holdings Inc. (NYSE:KOP) Q2 2019 Earnings Conference Call - Final Transcript

Aug 08, 2019 • 11:00 am ET


Koppers Holdings Inc. (NYSE:KOP) Q2 2019 Earnings Conference Call - Final Transcript


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Good morning, ladies and gentlemen, thank you for standing by. Welcome to Koppers Second Quarter 2019 Earnings Conference Call.

[Operator Instructions]

I would now like to turn the conference over to Ms. Quynh Mcguire. Ms. Mcguire, the floor is yours Ma'am.

Quynh T. McGuire

Thanks and good morning. I am Quynh Mcguire, Director of Investor Relations and Corporate Communications. Welcome to our Second Quarter 2019 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 have also posted materials to the Investor Relations page of our website. That will be referenced in 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 September 9, 2019. Before we get started, I would like to direct your attention to our forward-looking disclosure statement. Certain comments made on 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 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 and Treasurer.

I'll now turn discussion over to Leroy.

Leroy M. Ball

Thank you, Quynh. Welcome everyone to our second quarter 2019 earnings call. Before getting into the details of our financial results, I'd like to start with the zero harm update as everything at Koppers begins with safety. I'm proud to report that in total 34 out of 47 operating locations had 0 recordable injuries in the second quarter. We remain steadfast in finding new ways to keep employees energized around the importance of proactive safety engagements such as safety observations and hazard identification, which ultimately lead to a safer, stronger workplace for everyone. And as part of our ongoing integration process, we're continuing with 0 harm training at our utility and industrial products and recovery resources businesses to ensure that all our locations are equipped with the same first rate standard of safety tools and education.

Training has been well