Financial Performance - Koppers' Q2 2025 sales were $5048 million, a 104% decrease compared to $5632 million in Q2 2024[28] - Adjusted EBITDA for Q2 2025 was $771 million, slightly down from $775 million in Q2 2024[31] - The company generated cash flow exceeding $50 million in Q2[6] - Koppers is aiming for mid-to-high teens margins by the end of 2027[6] Segment Performance - Railroad and Utility Products and Services (RUPS) sales decreased from $2539 million in Q2 2024 to $2504 million in Q2 2025[95] - Performance Chemicals (PC) sales decreased from $1769 million in Q2 2024 to $1508 million in Q2 2025, a 15% volume decrease primarily in the Americas[46, 95] - Carbon Materials and Chemicals (CMC) sales decreased from $1324 million in Q2 2024 to $1036 million in Q2 2025, driven by volume decreases and lower sales prices[52, 95] Strategic Initiatives - Koppers launched "Catalyst," a strategic transformation to improve profitability and shareholder value[6, 22] - The company reduced Year-To-Date Selling, General and Administrative Expense (SG&A) by 13% compared to the prior year[6] - Koppers reduced headcount for 14 consecutive months, with Full-Time Employees (FTEs) 11% lower compared to April 2024[6] - The sale of Koppers Railroad Structures is expected to close in Q3 2025, with a 5-year sales average of $36 million and a 5-year EBITDA average of $2 million[6, 21]

Financial Performance - Consolidated sales were $456.5 million, a decrease compared to $497.6 million in the prior year quarter[9] - Adjusted EBITDA increased to $55.5 million, compared to $51.5 million in the prior year quarter[9] - Adjusted EBITDA margin improved to 12.2%, up from 10.3% in the prior year quarter[9] - Diluted earnings per share (EPS) was $(0.68), compared to $0.59 in the prior year quarter[9] - Adjusted earnings per share (EPS) increased to $0.71, compared to $0.62 in the prior year quarter[9] Segment Performance - Railroad and Utility Products and Services (RUPS) sales increased to $235 million from $225.1 million[28, 94] - Performance Chemicals (PC) sales decreased to $120.9 million from $150.1 million[28, 94] - Carbon Materials and Chemicals (CMC) sales decreased to $100.6 million from $122.4 million[28, 94] Capital Allocation - Capital expenditures, net of insurance proceeds and sale of assets, were $10.0 million, compared to $25.8 million in the prior year quarter[9] - Share repurchases totaled $19.1 million in Q1[55] - The company declared a quarterly dividend of $0.08 per share[60] 2025 Guidance - The company forecasts sales of approximately $2.0 billion to $2.2 billion for 2025[78] - Adjusted EBITDA is projected to be around $280 million for 2025[80]

Financial Performance - Stella-Jones reported sales of CAD 773 million for Q1 2025, a slight decrease from CAD 775 million in Q1 2024, with pressure-treated wood sales down by CAD 36 million or 5% due to lower volumes across most product categories [4][6] - Gross profit for the quarter was CAD 168 million, resulting in a gross profit margin of 21.7%, down from 22.2% in the previous year [3][7] - Operating income increased to CAD 143 million, up from CAD 124 million in Q1 2024, aided by an insurance settlement of CAD 38 million [8][9] - EBITDA rose to CAD 179 million, with an EBITDA margin of 23.2%, compared to CAD 156 million and a margin of 20.1% in the same period last year [8][9] Acquisition Strategy - The company announced a definitive agreement to acquire Locweld Inc. for CAD 58 million, enhancing its infrastructure offerings in the steel transmission structure industry [2][14] - The acquisition is expected to unlock investment opportunities and create more value for customers and shareholders [2][14] Liquidity and Capital Resources - Stella-Jones maintained robust liquidity of CAD 691 million at the end of the quarter and a net debt-to-EBITDA ratio of 2.6x [10][32] - The company utilized its liquidity to support seasonal working capital needs, repurchase CAD 15 million of shares, and declared a dividend of CAD 17 million [10][13] Segment Performance - Utility poles sales increased to CAD 419 million, while railway ties sales decreased to CAD 208 million, reflecting a 14% decline in volumes [12] - Residential lumber sales remained stable at CAD 88 million, and industrial product sales increased to CAD 39 million [12]