Koppers Holdings Inc. (NYSE:KOP) Q3 2019 Earnings Conference Call - Final Transcript

Nov 07, 2019 • 11:00 am ET


Koppers Holdings Inc. (NYSE:KOP) Q3 2019 Earnings Conference Call - Final Transcript


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Good morning ladies and gentlemen. Thank you for standing by. Welcome to Koppers' Third Quarter 2019 Earnings Conference Call. [Operator Instructions] Please note that this event is being recorded.

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

Quynh McGuire

Thanks Alyssa and good morning. I'm Quynh McGuire Director of Investor Relations and Corporate Communications. Welcome to our third 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 December 8 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 the press release and 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 this discussion over to Leroy.

Leroy Ball

Thank you Quynh, Welcome everyone to our third quarter 2019 earnings call. As we always do at Koppers I would like to begin with an update on Zero Harm. So for the third quarter I'm proud to say we had 34 out of 46 operating locations with zero recordable injuries. We're continuing to deploy our core zero harm training throughout all our business units with completion expected in 2020. And currently, we're developing additional training and development modules that will help employees strengthen their safety first mindset by building upon the strong foundation of skills that are already in place. In October, we welcomed approximately 50 of our safety, health and environmental coordinators from across the globe to join us in Norfolk, Virginia for a week of ID ideas sharing, learning and development. These employees spent their time discussing