Net sales of $171.6 million for the quarter were down 15% compared to the same quarter a year ago, with sales in the Specialty Fibers segment down 18% and sales in the Nonwoven Materials segment only off 2%. Specialty Fibers sales were negatively impacted by reduced demand for cotton specialty fibers, wood specialty fibers used in automotive applications and fluff pulp. Net sales for the quarter were down 7% compared to the October-December quarter, primarily driven by reduced sales from its Memphis cotton cellulose plant.
Year-to-date net sales for 2009 totaled $577.6 million, down from $610.2 million in the same three quarters last year.
Quarterly earnings reached $4.28 million, a substantial drop compared to $10.4 million in the comparable 2008 period. For the nine-month period ended in March 2009, Buckeye saw a loss of $111.8 compared to earnings of $37.8 million in the same period last year.