Press Releases

- Income totals $31.0 million, $0.59 per share, before $32.3 million in early debt extinguishment charges - EBITDA totals $96.4 million for the quarter and $193.5 million for the first half - Company targets 10% to 15% improvement in second half EBITDA over first half - 2003 earnings targets raised by 10% to 15%, to $1.60 to $1.75 per share

- First quarter EBITDA totals $97.0 million compared with target of $80 to $90 million - Income totals $20.2 million, $0.39 per share, before charges of $21 million for early debt extinguishment and $10 million from cumulative effect of accounting changes - Lower-cost refinancing expected to improve earnings

-- Net income increases $126.6 million year over year -- Operating profit increases 17% and EBITDA* increases 6% for the year -- Earnings per share total $1.96 for the year -- Operating cash flow increases 34%

-- Earnings per share total $0.54 for the quarter and $1.41 through nine months -- Operating profit increases 42% and EBITDA* increases 19% for the quarter -- Income from continuing operations increases $25 million for the quarter and $65 million through nine months -- Revenues rise 9% for the quarter and 5% through nine months -- Year-to-date interest expense improves 28% -- U.S. coal markets improving, albeit at slower pace than expected due to soft economy -- Special cost-cutting steps are under way