Koppers Results For Fourth Quarter 2000

                       (Millions Except Earnings Per Share)

 

                                 Quarters Ended          Twelve Months Ended

                                  December 31,              December 31,

 

                                2000        1999          2000        1999

                            (Unaudited)  (Unaudited)   (Unaudited)(Unaudited)

    Income Statement Data:

 

    Net Sales                  $187.9      $163.1         $723.5     $664.1

 

    Operating Expenses:

      Cost of Sales            $154.5      $133.6         $598.8     $548.9

      Depreciation &

       Amortization              $8.3        $6.3          $30.0      $27.1

      Selling, General

       & Administrative         $15.1       $10.5          $45.4      $37.4

    Total Operating Expenses   $177.9      $150.4         $674.2     $613.4

 

    Operating Profit            $10.0       $12.7          $49.3      $50.7

 

    Equity In Earnings of

     Affiliates                  $0.2        $0.5           $2.2       $1.7

    Other Income                 $2.1        $0.8           $8.6       $0.8

    Earnings Before Interest

     & Taxes (EBIT)             $12.3       $14.0          $60.1      $53.2

 

    Interest Expense             $7.0        $6.8          $28.0      $28.1

    Income Before Taxes          $5.3        $7.2          $32.1      $25.1

    Income Tax Provision         $4.4        $2.1          $16.6       $0.2

    Minority Interest            $0.1        $0.4           $0.8       $0.7

 

    Net Income                   $0.8        $4.7          $14.7      $24.2

 

    Diluted Earnings Per Share  $0.21       $1.23          $3.83      $6.23

 

    Earnings Before Interest,

     Taxes, Depreciation &

     Amortization (EBITDA)      $20.6       $20.3          $90.1      $80.3

 

    Other Data:

      Capital Expenditures

       (Excluding Acquisitions)  $5.7        $9.3          $14.8      $22.5

      Total Debt               $291.5      $309.8         $291.5     $309.8

      Total Cash                 $6.8       $18.3           $6.8      $18.3