Breaking News

Buckeye Reports Results

January 25, 2006

Roll goods producer Buckeye Technologies Inc., Memphis, TN, has reported financial results for the quarter ended December 31, 2005. Quarterly net sales were $188.3 million, 4% above the $180.6 million in the same quarter of the prior year.
   
Buckeye earned $1.9 million after tax in the quarter. During the same quarter of the prior year, the company earned $2.9 million after tax, which included $6.6 million after tax in restructuring and impairment costs and a $4.7 million after tax gain from the sale of a building and equipment located at Cork, Ireland.

"Business conditions continued to be very challenging during October-December,” stated Buckeye chairman David Ferraro. “While we are pleased that we achieved sales growth, continuing high costs for chemicals, energy and transportation combined with start-up expenses related to installing market pulp capability at our Americana, Brazil facility depressed earnings."
   
Mr. Ferraro went on to say, "Although high energy related costs and startup expenses at the Americana facility will continue to impact us in fiscal year 2006, product price increases we have implemented and the fact that we have essentially completed our capital expenditures related to converting Americana give us optimism that we will begin to restore margins and reduce our debt during the balance of the fiscal year."

  • 2015 International Buyers Guide

    2015 International Buyers Guide

    July 21, 2015
    Our annual Buyers’ Guide lists nearly every supplier and producer involved with the global nonwovens industry.

  • Fibers Market Outlook

    Fibers Market Outlook

    Tara Olivo, associate editor||June 8, 2015
    Natural and synthetic fiber producers create unique solutions for all nonwovens applications.

  • Keeping It Clean

    Keeping It Clean

    Tara Olivo, associate editor||June 8, 2015
    Convenience and continued innovation keeps the household wipes market thriving.