Koppers Holdings Inc. (NYSE:KOP) Q3 2020 Earnings Conference Call - Final Transcript

Oct 26, 2020 • 11:00 am ET


Koppers Holdings Inc. (NYSE:KOP) Q3 2020 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Good morning, ladies and gentlemen, thank you for standing by. Welcome to Koppers' Third Quarter 2020 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 call over to Quynh McGuire. Please go ahead.

Quynh T. McGuire

Thanks and good morning. I'm Quynh McGuire, Vice President of Investor Relations. Welcome to our conference call, where we will provide a business update, as well as highlight our third quarter 2020 preliminary results. We issued our press release earlier today. You may access this announcement via our website at www.koppers.com. As indicated in our announcement, 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 prior quarterly conference calls, this is being broadcast live on our website and a recording of this call will be available on our website for replay through January 26, 2021.

Before we get started, I would like to direct your attention to our forward-looking disclosure statements. Certain comments made on this conference call may be characterized as forward-looking statements as defined under the Private Securities Litigation Act -- 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. I'll now turn over discussion to Leroy.

Leroy M. Ball

Thank you, Quynh. Good morning and welcome everyone. We hope you and your families are continuing to remain healthy and safe during the ongoing pandemic. Before I get into our third quarter results, let me just say how impressed and grateful I am concerning our people who have remained focused on doing their job safely at the same time enabling us to achieve so many new performance records in the third quarter, while we all continue to deal with the worldwide pandemic.

As always, we'll begin with a focus on our Zero Harm culture. I'm proud to report that on a trailing 12-month basis, our total OSHA recordable injury rate, not including COVID-19, are at their lowest points thus far in our Zero Harm journey,