Koppers Results for Second Quarter 2001

Koppers Results For Second Quarter 2001

                 (Unaudited, Millions Except Earnings Per Share)

 

                               Quarters Ended           Six Months Ended

                                  June 30,                  June 30,

 

                               2001        2000         2001         2000

    Income Statement Data:

 

    Net Sales                 $189.3      $179.8       $364.0        $340.7

 

    Operating Expenses:

     Cost of Sales            $154.5      $147.5       $303.6        $284.1

     Depreciation &

      Amortization              $7.5        $7.0        $15.1         $14.0

     Selling, General &

      Administrative           $12.3        $9.6        $23.0         $18.9

     Restructuring Charges      $0.0        $0.0         $3.3          $0.0

    Total Operating Expenses  $174.3      $164.1       $345.0        $317.0

 

    Operating Profit           $15.0       $15.7        $19.0         $23.7

 

    Equity In Earnings

     of Affiliates              $0.1        $0.5         $0.2          $1.5

    Other Income                $2.6        $2.2         $4.6          $4.2

 

    Earnings Before

     Interest & Taxes

     (EBIT)                    $17.7       $18.4        $23.8         $29.4

 

    Interest Expense            $6.2        $7.0        $12.8         $13.9

    Income Before Taxes        $11.5       $11.4        $11.0         $15.5

    Income Tax Provision        $5.6        $5.1         $4.3          $6.9

    Minority Interest           $0.2        $0.3         $0.3          $0.5

 

    Net Income                  $5.7        $6.0         $6.4          $8.1

 

    Diluted Earnings

     Per Share                 $1.54       $1.58        $1.69         $2.11

 

    Earnings Before

     Interest, Taxes,          $25.2       $25.4        $38.9         $43.4

    Depreciation &

     Amortization (EBITDA)

    Other Data:

     Capital Expenditures

      (Excluding Acquisitions)  $2.8        $2.7         $4.8          $4.7

     Total Debt               $302.7      $312.3       $302.7        $312.3

     Total Cash                $10.8       $11.4        $10.8         $11.4