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DEF 14A
KOPPERS HOLDINGS INC. filed this Form DEF 14A on 04/04/2017
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Table of Contents

ANNEX A — UNAUDITED RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES

 

UNAUDITED RECONCILIATION OF NET INCOME ATTRIBUTABLE TO KOPPERS AND ADJUSTED NET INCOME

(In millions)

 

      Year ended
December 31,
2016
 

Net income attributable to Koppers

   $ 29.3  

Items impacting pre-tax income:

  

Impairment, restructuring and plant closure costs

     46.8  

Net loss on sale of business

     1.7  

Reimbursement of environmental costs

     (2.7

Escrow recovery

     (1.0

Mark-to-market commodity hedging (non-cash)

     (1.7

Non-cash LIFO benefit

     (9.4

Pension settlement charge

     4.4  

Net charges to pre-tax income

     38.1  

Income tax and noncontrolling interests

     (12.0

Effect on adjusted net income

     26.1  

Adjusted net income including discontinued operations

     55.4  

Income from discontinued operations

     (0.6

Adjusted net income

     54.8  

UNAUDITED RECONCILIATION OF DILUTED EARNINGS PER SHARE AND ADJUSTED EARNINGS PER SHARE

(In millions except share and per share amounts)

 

      Year ended
December 31,
2016
 

Net income attributable to Koppers

   $ 29.3  

Adjusted net income including discontinued operations (from above)

   $ 55.4  

Adjusted net income (from above)

   $ 54.8  

Denominator for diluted earnings per share (in thousands)

     21,055  

Earnings per share:

  

Diluted earnings per share

   $ 1.39  

Adjusted earnings per share including discontinued operations

   $ 2.63  

Adjusted earnings per share

   $ 2.60  

 

A-8    KOPPERS HOLDINGS INC. - 2017 Proxy Statement