Koppers Results for First Quarter 1999

(MILLIONS EXCEPT EARNINGS PER SHARE)

QUARTERS ENDED MARCH 31

1999

1998

(Unaudited)

(Unaudited)

INCOME STATEMENT DATA:

NET SALES

$157.4

$156.5

OPERATING EXPENSES:

COST OF SALES

$136.0

$132.5

DEPRECIATION & AMORTIZATION

$6.8

$7.5

SELLING, GEN'L & ADMIN.

$7.9

$9.3

TOTAL OPERATING EXPENSES

$150.7

$149.3

OPERATING PROFIT

$6.7

$7.2

EQUITY IN EARNINGS OF AFFILIATES

$0.2

$0.0

EARNINGS BEFORE INTEREST & TAXES (EBIT)

$6.9

$7.2

INTEREST EXPENSE

$7.0

$7.1

INCOME (LOSS) BEFORE TAXES

($0.1)

$0.1

INCOME TAX PROVISION

$0.0

$0.1

MINORITY INTEREST

$0.1

$0.2

NET INCOME

($0.2)

($0.2)

DILUTED EARNINGS PER SHARE

($0.11)

($0.10)

EBITDA:

EARNINGS BEFORE INTEREST & TAXES

$6.9

$7.2

PLUS DEPRECIATION & AMORTIZATION

$6.8

$7.5

NON-CASH EQUITY INCOME

$0.8

$0.0

EARNINGS BEFORE INTEREST, TAXES

$14.5

$14.7

DEPRECIATION & AMORTIZATION (EBITDA)

OTHER DATA:

CAPITAL EXPENDITURES

$3.0

$2.7

TOTAL DEBT

$333.0

$334.4

EQUITY DIVIDENDS

$1.0

$0.0