Koppers Results for First Quarter 2000

Koppers Industries, Inc. Results For First Quarter 2000

    (Millions Except Earnings Per Share)

 

                                                         Quarters Ended

                                                            March 31,

                                                      2000            1999

                                                   (Unaudited)    (Unaudited)

    Income Statement Data:

 

    Net Sales                                         $160.9         $157.4

 

    Operating Expenses:

      Cost of Sales                                   $136.6         $136.0

      Depreciation & Amortization                       $7.0           $6.8

      Selling, General & Administrative                 $9.3           $7.9

    Total Operating Expenses                          $152.9         $150.7

 

    Operating Profit                                    $8.0           $6.7

 

    Equity In Earnings of Affiliates                    $1.0           $0.2

    Other Income                                        $2.0           $0.0

 

    Earnings Before Interest & Taxes (EBIT)            $11.0           $6.9

 

    Interest Expense                                    $6.9           $7.0

    Income (Loss) Before Taxes                          $4.1          ($0.1)

    Income Tax Provision                                $1.8           $0.0

    Minority Interest                                   $0.2           $0.1

 

    Net Income                                          $2.1          ($0.2)

 

    Diluted Earnings Per Share                         $0.54         ($0.11)

 

    Earnings Before Interest, Taxes, Depreciation

     & Amortization (EBITDA)                           $18.0          $13.7

 

    Other Data:

      Capital Expenditures (Excluding Acquisitions)     $2.0           $3.0

      Total Debt                                      $304.3         $333.0

      Total Cash                                       $11.4           $8.0