10.24.07
Buckeye Technologies Inc., Memphis, TN, has revealed its earnings for the July-September quarter. Net sales climbed to $197 million from $191 million during the same period a year ago. Net income reached $13.4 million versus $3.8 million in the July-September quarter of 2006.
Chairman and CEO John Crowe said, "First quarter net sales were up 3% compared to the same period last year. The earnings improvement is a combination of higher prices, better mix and cost control. Nonwovens shipments were especially strong with net sales up 10% compared to the same period last year.” He added that strong cash flow enabled the company to reduce debt by $26 million during the just-completed quarter. Demand for its specialty wood and cotton products, nonwoven materials and fluff pulp reportedly continues to be strong.
Chairman and CEO John Crowe said, "First quarter net sales were up 3% compared to the same period last year. The earnings improvement is a combination of higher prices, better mix and cost control. Nonwovens shipments were especially strong with net sales up 10% compared to the same period last year.” He added that strong cash flow enabled the company to reduce debt by $26 million during the just-completed quarter. Demand for its specialty wood and cotton products, nonwoven materials and fluff pulp reportedly continues to be strong.