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8-K
KOPPERS HOLDINGS INC. filed this Form 8-K on 11/09/2017
Entire Document
 

UNAUDITED RECONCILIATION OF OPERATING PROFIT TO EBITDA AND ADJUSTED EBITDA

(In millions)

 

Three months ended September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

RUPS

 

 

PC

 

 

CMC

 

 

Unallocated

 

 

Consolidated

 

Operating profit

 

$

9.3

 

 

$

18.4

 

 

$

16.2

 

 

$

(9.2

)

 

$

34.7

 

Other income (loss)

 

 

(0.4

)

 

 

0.4

 

 

 

(0.1

)

 

 

0.7

 

 

 

0.6

 

Depreciation and amortization

 

 

2.9

 

 

 

4.4

 

 

 

4.8

 

 

 

-

 

 

 

12.1

 

Depreciation in impairment and restructuring charges

 

 

-

 

 

 

-

 

 

 

1.3

 

 

 

-

 

 

 

1.3

 

EBITDA with noncontrolling interest

 

$

11.8

 

 

$

23.2

 

 

$

22.2

 

 

$

(8.5

)

 

$

48.7

 

Unusual items impacting EBITDA:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension settlement charge

 

 

-

 

 

 

-

 

 

 

-

 

 

 

8.8

 

 

 

8.8

 

CMC restructuring

 

 

-

 

 

 

-

 

 

 

4.3

 

 

 

-

 

 

 

4.3

 

RUPS treating plant closures

 

 

0.2

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

0.2

 

Non-cash LIFO benefit

 

 

(0.1

)

 

 

-

 

 

 

(0.4

)

 

 

-

 

 

 

(0.5

)

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

 

 

-

 

 

 

(1.0

)

 

 

-

 

 

 

-

 

 

 

(1.0

)

Adjusted EBITDA

 

$

11.9

 

 

$

22.2

 

 

$

26.1

 

 

$

0.3

 

 

$

60.5

 

Adj. EBITDA % of Consolidated Adj. EBITDA (excluding corporate unallocated)

 

 

19.8

%

 

 

36.9

%

 

 

43.4

%

 

 

 

 

 

 

 

 

 

 

UNAUDITED RECONCILIATION OF OPERATING PROFIT TO EBITDA AND ADJUSTED EBITDA

(In millions)

 

Three months ended September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

RUPS

 

 

PC

 

 

CMC

 

 

Unallocated

 

 

Consolidated

 

Operating profit

 

$

14.9

 

 

$

17.6

 

 

$

(3.9

)

 

$

(0.9

)

 

$

27.7

 

Other income (loss)

 

 

(0.1

)

 

 

0.4

 

 

 

(0.2

)

 

 

0.1

 

 

 

0.2

 

Depreciation and amortization

 

 

2.9

 

 

 

4.7

 

 

 

6.2

 

 

 

-

 

 

 

13.8

 

Depreciation in impairment and restructuring charges

 

 

-

 

 

 

-

 

 

 

3.9

 

 

 

-

 

 

 

3.9

 

EBITDA with noncontrolling interest

 

$

17.7

 

 

$

22.7

 

 

$

6.0

 

 

$

(0.8

)

 

$

45.6

 

Unusual items impacting EBITDA:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CMC restructuring

 

 

-

 

 

 

-

 

 

 

4.6

 

 

 

-

 

 

 

4.6

 

RUPS treating plant closures

 

 

1.3

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1.3

 

Non-cash LIFO benefit

 

 

(0.1

)

 

 

-

 

 

 

(0.7

)

 

 

-

 

 

 

(0.8

)

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

 

 

-

 

 

 

0.1

 

 

 

-

 

 

 

-

 

 

 

0.1

 

Adjusted EBITDA

 

$

18.9

 

 

$

22.8

 

 

$

9.9

 

 

$

(0.8

)

 

$

50.8

 

Adj. EBITDA % of Consolidated Adj. EBITDA (excluding corporate unallocated)

 

 

36.6

%

 

 

44.2

%

 

 

19.2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9