Koppers (KOP) Q1 2025 Earnings Call May 09, 2025 11:00 AM ET Company Participants Quynh McGuire - Vice President-Investor RelationsLeroy Ball - CEO & Board chairmanJimmi Sue Smith - Chief Financial OfficerLiam Burke - Managing DirectorGary Prestopino - Managing DirectorJames Wilen - President & CCO Conference Call Participants David Marsh - Equity Analyst Operator Good morning, and gentlemen. Thank you for standing by. Welcome to Koppers First Quarter twenty twenty five Earnings Conference Call and Webcast. ...

Core Points - Stella-Jones Inc. announced the results of its director election following the Annual Meeting of Shareholders held on May 7, 2025 [1] - All nominees proposed as directors were elected by a majority of votes cast by shareholders [2] - The advisory vote on executive compensation received 88.98% approval [2] Election Results - Michelle Banik received 44,324,929 votes for (99.85%) and 66,759 votes against (0.15%) [2] - Robert Coallier received 44,196,728 votes for (99.56%) and 194,961 votes against (0.44%) [2] - Anne E. Giardini received 44,214,196 votes for (99.60%) and 177,451 votes against (0.40%) [2] - Karen Laflamme received 44,192,661 votes for (99.55%) and 199,027 votes against (0.45%) [2] - Katherine A. Lehman received 44,225,747 votes for (99.63%) and 165,942 votes against (0.37%) [2] - Douglas Muzyka received 44,328,595 votes for (99.86%) and 63,093 votes against (0.14%) [2] - Simon Pelletier received 43,768,177 votes for (98.60%) and 623,512 votes against (1.40%) [2] - Éric Vachon received 44,376,962 votes for (99.97%) and 14,727 votes against (0.03%) [2] Company Overview - Stella-Jones Inc. is a leading North American manufacturer focused on infrastructure products essential for electrical distribution and railway transportation [4] - The company supplies treated wood utility poles to major electrical utilities and treated wood railway ties to North America's Class 1, short line, and commercial railroad operators [4] - Stella-Jones also manufactures industrial products such as timbers for railway bridges and marine pilings, as well as premium treated residential lumber for outdoor applications [4]

Company Overview - Stella-Jones Inc. has announced the acquisition of Locweld Inc., a designer and manufacturer of lattice transmission towers and steel poles, with the deal expected to close today [1][3]. - Locweld, based in Candiac, Quebec, has over 75 years of experience and employs approximately 220 people [2]. Strategic Implications - The acquisition allows Stella-Jones to enter the approximately $5 billion steel transmission structure market, enhancing its current utility poles business and creating new growth opportunities [3]. - The CEO of Stella-Jones emphasized that this strategic move will leverage the company's extensive sales and distribution network to better serve customers and expand its market reach [3]. Financial Details - The acquisition price is set at $58 million on a cash-free, debt-free basis, with potential additional performance-based payments of up to $7 million contingent on achieving specific milestones [5]. - Stella-Jones plans to invest approximately $15 million in capital expenditures to increase Locweld's output and optimize operational efficiencies [5]. - Locweld reported sales of approximately $55 million for the year ending September 30, 2024 [5]. Management Transition - Following the acquisition, Michael Cyr, the CEO of Locweld, will step down, while key management members will remain to support the business [5].

Group 1 - Stella-Jones Inc. will hold a conference call on May 7, 2025, at 8:00 AM Eastern Daylight Time to discuss its first quarter results [1] - The annual meeting of shareholders will also take place on May 7, 2025, at 11:00 AM Eastern Daylight Time, both in-person and virtually [2] - Registered shareholders and duly appointed proxyholders will have the opportunity to participate, ask questions, and vote during the meeting [4] Group 2 - Stella-Jones Inc. is a leading North American manufacturer focused on infrastructure products essential for electrical distribution and railway transportation systems [6] - The company supplies treated wood utility poles to major electrical utilities and treated wood railway ties to Class 1, short line, and commercial railroad operators [6] - Stella-Jones also manufactures and distributes premium treated residential lumber and accessories for outdoor applications [7]

Group 1 - Stella-Jones Inc. announced the appointment of Wesley Bourland as Senior Vice-President and Chief Operating Officer, effective April 14, 2025 [1] - Mr. Bourland has extensive experience in operations, having served as COO for a leading hardwood lumber supplier and held various leadership roles in a steel structures manufacturer [3][4] - He is a trained Mechanical Engineer with a Bachelor of Science from the University of Texas at Austin, and will focus on manufacturing, strategic planning, and process optimization [5] Group 2 - Eric Vachon, President and CEO of Stella-Jones, expressed enthusiasm for Mr. Bourland's appointment, highlighting his results-driven leadership and ability to drive operational excellence [6][7] - Stella-Jones is a leading North American manufacturer of products essential for electrical distribution, transmission, and railway transportation systems [8] - The company supplies treated wood utility poles and railway ties to major electrical utilities and railroad operators across North America [8]

Core Points - Stella-Jones Inc. will hold a conference call to discuss its first quarter results on May 7, 2025, at 8:00 AM Eastern Daylight Time [1] - The press release regarding the conference call will be published before market opens on the same day [2] - The annual meeting of shareholders will also take place on May 7, 2025, at 11:00 AM Eastern Daylight Time, in a hybrid format [3] - Registered shareholders and duly appointed proxyholders will have the opportunity to participate, ask questions, and vote during the meeting [5] - Stella-Jones' 2024 Annual Report is now available on the company's website [6] Company Overview - Stella-Jones Inc. is a leading North American manufacturer focused on infrastructure products essential for electrical distribution and railway transportation systems [7] - The company supplies treated wood utility poles to major electrical utilities and treated wood railway ties to Class 1, short line, and commercial railroad operators [7] - Additionally, Stella-Jones manufactures and distributes premium treated residential lumber and accessories for outdoor applications, primarily servicing Canadian customers [7]