Document KdZbgJMo46xZEgYVa7g9L0JQ

37 nadian spruce lumber operations, to provide sources of timber supplies and to moaernize wood-treating operations. an-o seals and Sprout-Waldron's materials processing equipment, along with increased forging caoacity. were the major protects in Engineered Metai Proaucts. which accounted for nearly 5% of Koooers investments. A SZO-rmilion exoenonure near year end markeo Koppers entry mto coal sroouction. Tennessee Land ano Mining Company. wmch primarily cpnsists of 65.000 acres ol and in Tennessee adjacent to timeer and mineral property already owned by the Com pany. The purchased orooerty contains more than 70 million tons of proven coal reserves. primarily steam coal used in generating elec tricity. Revenues will be generated tnrough existing leases with coal ooerators. which will proviae Koppers with a percentage roy alty income Irom operations. In aoaition. mere is a potential for revenues from timoer saies. oil ano gas development and coal orokerage fees. Koppers Quarterly Sales (S Millions) Quarter 973 1st 2nd jra vim Total Sales S 294.3 40 V9 447 4 447 3 $1,581.9 Quarterly Net Income IS Thcusancsi Quarter 1973 *s; 2nd 3rd 4tn Total Net Income S : 364 2- too 25.343 26.504 $76,011 1977 5 263.* 340.5 369 5 382 z $1,355.7 1977 S 3.333 9.5t0 23,003 20.564 $66,410 :97c S 237 2 309.5 319.2 323.3 $1,189.2 1976 S H.396 I8.7C6 20.969 13.478 $67,549 1975 5 2>6 5 273 9 293.6 291 5 $1,075.5 '975 S 3.586 15.331 20.492 5.916 $60,325 :9/J S158.7 224 2 263.2 266. $914.2 '9T4 S 6.3f2 12.338 17.472 11.659 $47,781 Quarterly Earnings Per Share Quarter 979 1977 :97o 1975 * Q "4 tsi 2nd 3ra Total Earnings* s >z 34 - : 00 : 05 $3.01 3 13 .73 92 .3' $2.64 S 59 7C 24 54 $2.70 S 36 63 84 $2.49 S 2? $2.04 'Ouar-.eny eamrngs may not aoo uo to exact totai annual earnings m some years because of a gracua. increase n common snares outstanding ounng tnese years. 10-Year Sales Growth of Koppers Business Segments S Millions; Organic Materials =cao Materials ;o'est Products Engineered Metai -roducts Total Manufacturing engineering ar.a Construct.Gn Other'* Total 1973 % :977 % 97S -i >975 --= 1974 ?4 f972 >972 'S >971 h 1970 S 482.5 31 S 427.3 32 $ 534.4 32 3 323.3 30 $285 9 31 $173 4 24 $139.6 23 S`23.7 2*. $20 3 304 t t9 <74 i t3 134.7 ii <:: 3 ii 117.4 :3 92.2 i3 72.0 '2 74.5 <2 57.3 313.7 20 296.3 22 26i.2 22 244.7 23 270.4 30 193.7 27 167 4 27 U2.4 54 T30.9 % >969 22 Si '7 9 22 n 39.4 7 25 127.: 2*1 285.6 18 265 4 t9 267 5 22 240 3 22 153.4 t: t'95 16 105.7 17 99 1 17 94.3 18 92 4 s $1,385.9 88 $1,163.6 86 $1,047.8 68 $ 920.1 86 $832.0 91 $578.8 80 $484.7 79 $439.7 74 $403.8 76 $377.8 71 192.0 12 :39.8 14 138.3 :Z t53.e 14 60.5 9 62.2 9 62.7 10 98 3 16 66 *2 90 7 17 4.0 - 2.3 - 2.6 - 1.6 - t 7 - 82.9 11 65.4 11 60.4 10 63 12 6** 7 '2 $1,561.9 100 $1,355.7 100 $1,189.2 100 $1,075.5 100 $914.2 100 $723.9 100 $612.8 100 $598.4 100 $532.8 100 $533.2 100 Operating Income * by Koppers Business Segments ,S Millions) >978 % >977 % >976 * 1975 ** 1974 % >973 % :9*2 V, 1971 % 1970 f969 *3 G'ganic Materials Poad Materials Pores: Products Engineered Metal Products Total Manufacturing Engineering and lcnsiruct:cn Ctr-er" Total S 43.5 27 S 49.8 36 3 55.8 42 S 49.4 40 3 48.8 47 S2M 29 $14.0 29 S 9.5 19 $ 4.1 12 $10.2 20 36.2 23 21.0 15 17.1 13 12.0 10 14.0 13 12.9 18 11.1 23 13.4 27 7.3 21 6.5 *3 26.2 16 25.8 19 18.6 14 25.4 21 17.6 17 20.7 29 13.4 27 9.3 19 7.1 20 9.0 0 13.6 9 t7 5 13 $119.5 75 $114.1 83 18.2 11 20.1 15 2'.6 14 3.3 2 $159.3 100 $138.0 100 20.8 15 20.0 f6 8.4 8 $112.3 84 $106.8 87 S 88.8 85 '3.0 tO 77 6 2.8 3 8.5 6 8.6 7 13.2 12 $133.8 100 $123.1 100 $104.8 100 7.0 tO 5.6 11 5.8 12 $61.7 86 $44.1 90 538.0 77 (2.7) (4) 132 18 $72.2 100 (1.2) (2) 5.9 12 $48.8 100 5.2 10 6.6 13 $49.8 100 4.6 13 $23.1 66 2.4 7 9.6 27 $35.1 100 s.s *3 $35.1 70 4? 9 9 V*1 $49.9100 Coerating income is Before deductions for income taxes, interest costs ano unallocated ;enerai corcorate overneac. ana does net mciuce extracrcinary items. See 'ate 4 on cage 5t -come mc.uoes tne effect from re cnange curing 197-- to uirC account - `or most domestic nventones r :C acccum.irg was usee n snor years. 'includes unallocated coroorate sales and income. See Table a on cage : ' income in t97S resulted ortmartly Irom sale of Culler-Hammer SiOCK ~tom 1974. income included dividends received from ARCO/Poymers " oner years. Koccers nail of Smctair-Kcocers saies anc oceratmg -come s -nc'.uceo