Koppers Results For First Quarter 2002

(Unaudited, Millions Except Earnings Per Share)

Quarters Ended

March 31,

2002 2001

Income Statement Data:

Net Sales $165.3 $174.7

Operating Expenses:

Cost of Sales $143.4 $149.1

Depreciation & Amortization $6.9 $7.6

Selling, General & Administrative $8.8 $10.7

Restructuring Charges $0.0 $3.3

Total Operating Expenses $159.1 $170.7

Operating Profit $6.2 $4.0

Equity In Earnings of Affiliates $0.0 $0.0

Other Income $2.1 $2.1

Earnings Before Interest & Taxes (EBIT) $8.3 $6.1

Interest Expense $5.7 $6.6

Income Before Taxes $2.6 ($0.5)

Income Tax Provision $0.6 ($1.3)

Minority Interest $0.2 $0.2

Net Income $1.8 $0.6

Diluted Earnings Per Share ($3.74) $0.16

Earnings Before Interest, Taxes, $15.2 $13.7

Depreciation & Amortization (EBITDA)

Other Data:

Capital Expenditures

(Excluding Acquisitions) $3.5 $2.0

Total Debt $280.2 $290.4

Total Cash $3.9 $12.7