Koppers Releases Second
Quarter Earnings
July 26, 2002, Pittsburgh, Pennsylvania — Net
income of Koppers
("Koppers") for the quarter ending June 30, 2002 was
$5.6 million, compared to $5.7 million in the second quarter of
2001. Sales in the quarter were $191.6 million, up slightly from
the $189.3 million reported in the comparable 2001 period.
On a
year-to-date basis, Koppers net income was $7.4 million compared
to $6.4 million in the first six months of 2001. Sales for the
first six months of 2002 were $356.9 million compared to $364.0
million during the same period in 2001.
Commenting on the first
six months, President and CEO Walter W. Turner said, "We continue
to see strong demand for crossties from our North American Class
1 customers, which combined with
solid performance from our Australian and European subsidiaries
have helped to offset reduced profitability in our U.S. chemical
and coke products. Our focus remains on improving our safety, environmental
and production performance which will allow us to deliver the highest
valued products and services to our customers worldwide."
Koppers
is a global integrated producer of carbon compounds and treated
wood products for use in a variety of markets including
the railroad, aluminum, chemical and steel industries. The Company
operates 39 facilities with locations in the United States, the
South Pacific (primarily Australia and New Zealand), Europe and
South Africa. The Company also maintains an indirect ownership
interests in an additional facility in the United States through
its domestic joint venture KSA. The Company's stock is shared by
a large number of management investors and by majority equity owner
Saratoga Partners of New York City.
View the "Koppers Results for
Second Quarter 2002" | 
