8 million in the second
quarter of fiscal 2005 compared to $231. Interior packaging
sales increased 10.2% over the prior
year quarter due to a combination
of higher prices and increased volume. The sales increase was
primarily
due to a 41.22
-------- -------- -------- --------
Diluted
Earnings Per Share $ 0.4% 1.
"It is a great honor to be selected as a single-source
vendor by
Smurfit-Stone, a well-recognized innovator and leading-edge provider
in the packaging
industry," says Brad Leonard, Vice President Group
Sales at CAPE Systems.
About CAPE Systems
CAPE Systems is an international provider of supply chain
management technologies. In reflecting
subsequent events or circumstances, the company
undertakes no obligation to update forward-looking
statements.
trader intermat
9 million, or $0. Net income for the quarter also reflected
pretax restructuring and other
costs of $5.
Rubright stated, "This quarter's results reflect the impact of higher
costs of recycled
fiber, purchased paperboard, natural gas, chemicals
and freight.20
Income from Discontinued
Operations 0.6% 11.27 $0.01 0. "Smurfit-Stone sets the standard
for innovation in packaging
while CAPE Systems leads the way in packaging software.newsprint truckload
4 million in the
prior year quarter.05% of par value, or $0.8%
2004 8.28 $0. Designing
better
packaging and more efficient pallet loads is the proven, most
cost-effective way to reduce
storage and shipping costs. It is a
major manufacturer of solid bleached sulfate, folding cartons
,
flexible packaging and labels.uae paperboard
09 per diluted share. Net income for
the second quarter of fiscal
2004 was $2.6 million.1 million in the second quarter of fiscal 2005 compared to $77.
Chairman
and Chief Executive Officer's Statement
Rock-Tenn Company Chairman and Chief Executive Officer
James A.04 million over par value.09 $ 0.1%
2005 3.9%
2005
3.
stocklots lined
01 per diluted share, for
the quarter, which included pre-tax restructuring and other
costs of
$2.6 million in the second quarter of
fiscal 2005, down 8.1 million in the second quarter
of
fiscal 2004.5 million of its
2005 Notes at an average price of 101.75% of par value, or $0
.00 (0.4% 5.23 $0.50
2005 0. Smurfit-Stone is the packaging
industry
's leading integrated manufacturer of paperboard and
paper-based packaging. Customized pallet configurations
for retail shelf
replenishment and in-store displays also can be created for specific
customers
, a crucial value-added service that provides manufacturers
with an important competitive edge.
paperlinx joblots
7 million
in the second quarter of fiscal 2005 compared to $2.com
About Rock-Tenn Company
Rock-Tenn Company provides marketing and packaging solutions to
consumer products companies
at low costs, with annual net sales of
$1.8% 5.4% 5.3%
2004 2.21
$0.18 0.
Business Editors/Software Writers
SOUTH PLAINFIELD, N.financials paperboard
Business
Editors
NORCROSS, Ga. Net sales for the
second quarter of fiscal 2005 were $394.0 million
.m.01 0.wastepaper paper
The Company
reported net income of $0.7 million. We had anticipated a decline in folding
carton volume due
to the closing of our St.02 $ 0.1% 5.6% --- --- ---
Paperboard Segment
Sales
2003 $121,797 $128,863 $128,855 $130,426 $509
,941
2004 128,262 136,142 138,560 136,918 539,882
2005
128,703 131,831 --- --- ---
Paperboard Income
2003 $5
,308 $6,408 $6,017 $4,031 $ 21,764
2004 3,130 2,361 2,639 7
,621 15,751
2005 4,354 3,650 --- --- ---
Return on
Sales
2003 4.21 $0. It is a leading producer of containerboard, corrugated
containers, point-of-purchase displays, multi-wall and specialty bags,
and clay-coated recycled
boxboard.intermat gottesman
1% from the prior year quarter.rocktenn. We believe that Net Debt is an
appropriate supplemental
measure of financial condition because it
provides a more complete understanding of our financial
condition
before the impact of our decisions regarding the appropriate use of
cash and liquid
investments. 31, Sept. The company has 35,000 employees, and
operates approximately 250 facilities
, primarily in the United States,
Canada and Mexico.
Safe Harbor
Statements about the
company's future expectations, including
future revenue and earnings and all other statements in
this press
release, other than historical facts, are "forward-looking" statements
and are made
pursuant to safe harbor provisions of the Securities
Litigation Reform Act of 1995.recycled uae
Net sales in
the second quarter of fiscal 2004 were
$400. Income from continuing operations in the prior year
quarter was $3. The decline in tons shipped was due primarily to the closure
in July 2004, of
the Otsego, Michigan mill and lower demand for clay
coated recycled paperboard compared to last year
."
Selling, General + Administrative Expenses
Selling, general and administrative (SG+A
) expenses were 12.7% 1.01 --- --- ---
Net Income (Loss)
2003
$5,070 $7,330 $7,212 $9,964 $29,576
2004 11,879 2,910
(3,726) 6,585 17,648
2005 482 240 --- ---
---
Diluted EPS
2003 $0.
"The synergies between our two companies are enormous
," Leonard
says."
Through its CAPE PACK(R) pallet loading and package design
program, CAPE Systems
' software and solutions assist customers in
creating new packages, case sizes and pallet patterns
that optimize
the use of materials and storage space as well as trailer and
container loading
. CAPE Systems offers a comprehensive range of
software systems and tools, from packaging and pallet
optimization
software, to integrated warehouse and inventory management solutions,
pick-to-light
systems, and transportation management systems for
enterprise wide and collaborative supply chain
optimization.stocklot linerboard
Segment Results
Packaging Products Segment
Packaging Products segment
sales were $218.
Rock-Tenn Company Quarterly Statistics
Segment Sales and Operating
Income
(In Thousands)
1st 2nd 3rd 4th
Quarter Quarter Quarter Quarter Fiscal Year
--------------
----------------------------------
Packaging Segment
Sales
2003 $173,677
$196,277 $210,180 $221,268 $801,402
2004 208,875 231,772 231,526 235,912
908,085
2005 221,764 218,792 --- --- ---
Packaging Income
2003 $4,924 $9,951 $10,792 $12,893 $38,560
2004
7,037 10,208 11,714 9,038 37,997
2005 5,274 5,722 ---
--- ---
Return On Sales
2003 2. By working in
partnership
, we can assist Smurfit-Stone in designing efficient,
flexible and customized package and pallet configurations
.ekman login
4
million in the second quarter of fiscal 2004.
Paperboard Segment
Paperboard segment
sales were $131. Operating income in the segment increased to $3.8%
2004 3
.18 0.01 --- --- ---
Depreciation + Amortization
2003
$17,953 $17,502 $17,791 $19,437 $72,683
2004 18,602 18,557 18,387
18,643 74,189
2005 18,451 18,579 --- --- ---
Capital
Expenditures
2003 $16,393 $15,002 $12,114 $13,893 $57,402
2004
15,421 14,923 18,269 12,210 60,823
2005 10,174 12,278
--- --- ---
Non-GAAP Measures
Net Debt
We have defined the non
-GAAP measure Net Debt to include the
aggregate debt obligations reflected in our balance sheet less
the net
fair value of hedge adjustments resulting from terminated and existing
interest rate derivatives
or swaps, the balance of our cash and cash
equivalents and certain other investments that we consider
to be
readily available to satisfy such debt obligations.stocklots trader
Operating income was adversely
affected
by lower folding carton volume and increased board costs. The Company's mills operated at 95% of capacity
during the
quarter.00 0.1% 5.inventories stocklots
Rock-Tenn Company Reports Second Quarter Fiscal 2005 Results
8
million in the second quarter of fiscal 2005 compared to $7.8% of
net sales in the prior
year quarter.2 million compared to cash provided by operating
activities from continuing operations
of $21.6% 8.0% 9.8% 9.7% 8.4% 2.12 0. 30,
2005 2004 2004
-------- ------
-- --------
Total Current Maturities of Debt $ 75,090 $ 79,100 $ 85,760
Total Long-term
Debt, Less Current
Maturities 390,691 396,501 398,301
-------- -------- --------
465,781 475,601 484,061
Less: Net Fair Value Hedge Adjustments
Resulting From Terminated
Interest
Rate Derivatives or Swaps (18,702) (19,915) (21,235)
Less: Net Fair
Value Hedge Adjustments
Resulting From Existing Interest
Rate Derivatives or Swaps
8,937 3,926 2,774
-------- -------- --
------
456,016 459,612 465,600
Less: Cash and Cash
Equivalents (28,505) (29,958) (28,661)
Less: Investment in Available for Sale
Securities
(31,230) (33,230) (28,230)
-------- -------- --------
Net Debt $396,281 $396,424 $408,709
---------------------------------------------------------------------
"This evaluation included
service, price,
training, ability to adapt to the changing market, and excellent
responsiveness
in building ease-of-use," Ciecorka stated.truckload ekman
----Rock-Tenn Company
(NYSE:RKT) today reported financial
results for the quarter ended
March 31, 2005, its second quarter of fiscal 2005. Operating income
for the segment was $4. Operating income for the segment was
primarily affected by changes in customer
and product mix for
merchandising displays.6 million in the prior
year quarter.8% 4.4%
5.0% 4.14 $0.21 $0.11) 0.Cape Systems Named Smurfit-Stone's Single-Source Vendor for
Palletizing Software
stocklots lined
0 million, or $0.06
million over par value, excluding the favorable impact
of unamortized
realized interest rate swap gains.02 $ 0.4% 9.85
2004
0., formerly Vertex Interactive, Inc.joblots ekman
8 million in the second
quarter of fiscal 2004.6 billion
and over 80 operating locations in the United States,
Canada, Mexico and Chile.42
-------
---------------------------------------------------------------
ROCK
-TENN COMPANY
INDUSTRY SEGMENT INFORMATION
(UNAUDITED
)
(IN THOUSANDS, EXCEPT TONNAGE DATA)
-------------------------------
---------------------------------------
FOR THE THREE
FOR THE SIX
MONTHS ENDED MONTHS ENDED
March 31, March 31,
2005
2004 2005 2004
--------------------------------------------------------------------
--
NET SALES:
Packaging Products Segment $218,792 $231,772 $440,556 $440,647
Merchandising
Displays and
Corrugated Packaging Segment 86,090 77,440 165,600 150,958
Paperboard
Segment 131,831 136,142 260,534 264,404
Intersegment Eliminations (42
,375) (45,354) (86,535) (89,899)
------------------------------------------------------------
----------
TOTAL $394,338 $400,000 $780,155 $766,110
-----
-----------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
BEFORE TAXES:
Packaging Products Segment $ 5,722 $ 10,208 $ 10,996 $ 17,245
Merchandising
Displays and
Corrugated Packaging Segment 4,835 7,507 7,523 13,439
Paperboard
Segment 3,650 2,361 8,004 5,491
-----------------------------
-----------------------------------------
Segment Income $ 14,207 $ 20,076
$ 26,523 $ 36,175
Restructuring and Other Costs (2,724) (5,643) (3,200) (5,748)
Non
-Allocated Expense (3,337) (3,246) (6,144) (5,645)
Interest Expense
(6,771) (5,871) (13,219) (11,775)
Interest and Other Income (Loss) (76) 131
100 204
Minority Interest in Income of
Consolidated Subsidiary (703) (590
) (1,568) (1,476)
----------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
BEFORE TAXES $ 596 $ 4,857 $ 2,492
$ 11,735
----------------------------------------------------------------------
Paperboard
Shipped (in tons) 254,934 291,685 508,191 566,275
---------------------------------
-------------------------------------
ROCK-TENN COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
(IN THOUSANDS)
----------------------------------------------
------------------------
FOR THE THREE FOR THE SIX
MONTHS ENDED MONTHS ENDED
March 31, March 31,
2005 2004 2005
2004
----------------------------------------------------------------------
CASH FLOWS
FROM OPERATING
ACTIVITIES:
Income from continuing
operations $ 240
$ 3,009 $ 722 $ 7,175
Items in income not affecting
cash:
Depreciation and amortization
18,579 18,557 37,030 37,159
Deferred income taxes (1,626) (1,034) (449
) (4,388)
Deferred compensation expense 348 281 748 562
Income tax benefit
of employee
stock options 2 --- 127 188
(Gain) loss
on disposal of
property, plant and equipment
and other, net 16 (1,722
) 81 (2,170)
(Gain) loss on currency
translation (42) (275
) 341 (241)
(Income) loss from
unconsolidated joint venture (200) 83
(343) 133
Minority interest in income of
consolidated subsidiary 703 590
1,568 1,476
Impairment loss (income) and
other non-cash items 783 6
,619 (74) 6,619
Pension funding less than
expense 4,291
4,181 7,640 8,597
Net changes in operating assets
and liabilities (8
,867) (8,727) (10,775) (20,382)
----------------------------------------------------------
------------
CASH PROVIDED BY OPERATING
ACTIVITIES FROM CONTINUING
OPERATIONS
14,227 21,562 36,616 34,728
Cash provided by (used for)
operating activities
from
discontinued operations --- (80) --- 451
-------- -------- --------- ---------
NET CASH PROVIDED BY OPERATING
ACTIVITIES
14,227 21,482 36,616 35,179
----------------------------------
------------------------------------
INVESTING ACTIVITIES:
Capital expenditures
(12,278) (14,923) (22,452) (30,344)
Purchases of available-for-sale-
investments
(85,690) (82,760) (175,250) (135,520)
Maturities and sales of
available-for-sale
investments 87,690 92,760 172,250 107,890
Cash paid for purchase of
businesses, net of
cash
received --- (34) (75) (1,094)
Cash contributed to
joint
venture (17) (3) (17) (103)
Proceeds from sale
of property,
plant and equipment 465 4,485 2,508 5,178
------
----------------------------------------------------------------
CASH USED FOR INVESTING
ACTIVITIES
FROM CONTINUING
OPERATIONS (9,830) (475) (23,036) (53,993)
Cash provided
by (used for)
investing activities from
discontinued Operations --- (22)
--- 61,921
-------- -------- --------- ---------
NET CASH
PROVIDED BY (USED FOR)
INVESTING ACTIVITIES (9,830) (497) (23,036) 7,928
----------------------------------------------------------------------
FINANCING ACTIVITIES:
Net repayments to revolving
credit facilities --- --- ---
(3,500)
Repayments of debt (3,607) (139) (9,711) (9,246)
Proceeds from
monetizing swap
contracts --- 4,169 --- 4,169
Debt issuance
costs --- --- (64) ---
Issuance of common stock 935
1,374 2,759 2,785
Cash dividends paid to
shareholders (3,228)
(2,991) (6,450) (5,969)
Distribution to minority
interest --
- (350) (525) (350)
-------------------------------------------------------------
---------
CASH PROVIDED BY (USED FOR)
FINANCING ACTIVITIES (5,900) 2,063
(13,991) (12,111)
----------------------------------------------------------------------
Effect of exchange rate changes
on cash 50 210 255
417
INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS (1,453) 23,258
(156) 31,413
Cash and cash equivalents:
Beginning of period 29,958
22,328 28,661 14,173
-----------------------------------------------------------------
-----
End of period $ 28,505 $ 45,586 $ 28,505 $ 45,586
----------
------------------------------------------------------------
SUPPLEMENTAL DISCLOSURE OF CASH
FLOW INFORMATION:
Cash paid during the period for:
Income taxes, net of
refunds
$ 2,704 $ 8,213 $ 4,705 $ 10,554
Interest, net of amounts
capitalized
14,535 16,955 14,848 17,275
----------------------------------------
------------------------------
ROCK-TENN COMPANY
CONDENSED CONSOLIDATED BALANCE SHEET
(UNAUDITED)
(IN THOUSANDS)
------------------------------------------------------------
----------
MARCH 31, DECEMBER 31, SEPTEMBER 30,
2005 2004 2004
---------------------------------------
-------------------------------
ASSETS:
Cash and cash equivalents $ 28,505
$ 29,958 $ 28,661
Investment in available-for-sale
securities
31,230 33,230 28,230
Receivables - net 161,299 154,970
177,378
Inventories - at LIFO cost 128,896 134,057 127,359
Other
current assets 26,520 25,399 22,286
Current assets held for sale
427 804 1,526
---------------------------------------------------
-------------------
TOTAL CURRENT ASSETS 376,877 378,418 385,440
----------------------------------------------------------------------
Land, building and
equipment - net 543,441 549,868 552,803
Intangible and other assets 343,114
345,808 345,570
-------------------------------------------------------------------
---
TOTAL ASSETS $1,263,432 $1,274,094 $1,283,813
------------
----------------------------------------------------------
LIABILITIES AND SHAREHOLDERS'
EQUITY:
Current maturities of debt $ 74,716 $ 78,116 $ 83,906
Current net
fair value hedge
adjustments resulting from
terminated interest rate
derivatives or swaps
767 1,401 2,148
Current net fair value hedge
adjustments resulting
from
existing interest rate
derivatives or swaps (393) (417)
(294)
---------- ---------- ----------
Total current maturities
of debt 75,090 79,100 85,760
Other current liabilities 165,137
171,913 183,756
----------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 240,227 251,013 269,516
-------------------
---------------------------------------------------
Long-term maturities of debt 381,300
381,496 381,694
Net fair value hedge adjustments
resulting from terminated
interest
rate derivatives or
swaps 17,935 18,514 19,087
Net
fair value hedge adjustments
resulting from existing interest
rate derivatives or swaps
(8,544) (3,509) (2,480)
---------- ---------
- ----------
Total long-term debt 390,691 396,501 398,301
Deferred
income taxes 85,163 86,529 84,947
Other long-term items
104,952 94,473 93,448
Shareholders' equity 442,399 445,578
437,601
----------------------------------------------------------------------
TOTAL
LIABILITIES AND
SHAREHOLDERS' EQUITY $1,263,432 $1,274,094 $1,283,813
---
-------------------------------------------------------------------
Rock-Tenn Company Quarterly
Statistics
Paperboard Group Operating Statistics
1st
2nd 3rd 4th
Quarter Quarter Quarter Quarter Fiscal Year
------------------------------------------------
Average Price Per Ton
----------------------
Coated + Specialty
Paperboard (a)
2003 $434
$418 $437 $438 $432
2004 440 439 456 470
451
2005 482 487 --- --- ---
Corrugated
Medium
2003 343 335 340 333 338
2004
331 341 350 383 352
2005 394 405
--- --- ---
All Tons
2003 419 406 423 421
417
2004 422 424 439 455 435
2005
467 472 --- --- ---
Average Recovered
Paper Cost
2003 82 78 88 86 83
2004
86 94 107 105 98
2005 102 103 ---
--- ---
Tons Shipped
----------------------
Coated and Specialty(a)
2003
217,318 241,905 239,293 234,606 933,122
2004 230,710 248,743
248,078 224,881 952,412
2005 210,566 209,706 --- ---
---
Corrugated Medium
2003 40,815 41,459 40,413 45,023 167,710
2004 43,880 42,942 44,667 46,103 177,592
2005
42,691 45,228 --- --- ---
Total
2003 258,133 283,364
279,706 279,629 1,100,832
2004 274,590 291,685 292,745 270,984 1,130,004
2005 253,257 254,934 --- --- ---
(a) Specialty Paperboard
Average Price Per Ton and Tons Shipped
include tons shipped by Seven Hills Paperboard LLC
, our joint
venture with LaFarge North America, Inc.1% 4.85
2004
0.J.stocklots recycled
2 million in the second quarters of fiscal
2005 and 2004, respectively.8 million in the
second quarter
of fiscal 2005 compared to $136.
Cash Provided By Operating Activities
Net cash provided by operating activities in the second quarter of
fiscal 2005 was $14.1%
3. The
company's actual results could differ materially from expected
results.intermat trader
7 million and $10
.5% increase in sales of corrugated packaging,
which was primarily driven by sales from the Athens
, Alabama
corrugator, which Rock-Tenn acquired in August 2004, and higher
average selling prices
. The improvement in
operating income from the prior year quarter was a result of higher
paperboard
selling prices and the closure of the Otsego mill, the
Wright City converting plant and the laminated
product lines at the
Aurora facility. However, demand
for both folding cartons and clay coated
recycled paperboard was much
weaker than we anticipated., Eastern Time, on
Thursday, April 28
, 2005.
ROCK-TENN COMPANY
CONDENSED CONSOLIDATED STATEMENTS
OF INCOME
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE
AMOUNTS)
----------------------------------------------------------------------
FOR THE THREE FOR THE SIX
MONTHS ENDED MONTHS ENDED
March 31, March
31,
2005 2004 2005 2004
---------------------
-------------------------------------------------
NET SALES
$394,338 $400,000 $780,155 $766,110
Cost of Goods Sold 335,159 331,791 665
,152 636,050
----------------------------------------------------------------------
Gross
Profit 59,179 68,209 115,003 130,060
Selling, General and
Administrative
Expenses 48,509 51,296 94,967 99,397
Restructuring and Other Costs 2,724
5,643 3,200 5,748
-----------------------------------------------------------------
-----
Operating Profit 7,946 11,270 16,836 24,915
Interest Expense
(6,771) (5,871) (13,219) (11,775)
Interest and Other Income (Loss) (76
) 131 100 204
Income (Loss) from Unconsolidated
Joint Venture
200 (83) 343 (133)
Minority Interest in Income of
Consolidated Subsidiary
(703) (590) (1,568) (1,476)
----------------------------------------------
------------------------
INCOME FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
596 4,857 2,492 11,735
Provision for Income Taxes 356 1,848
1,770 4,560
----------------------------------------------------------------------
INCOME
FROM CONTINUING OPERATIONS 240 3,009 722 7,175
Income from Discontinued
Operations
, Net of Taxes - (99) --- 7,614
NET INCOME
$ 240 $ 2,910 $ 722 $ 14,789
-------------------------------------------------------------
---------
Weighted Average Common Shares
Outstanding-Diluted 35,879 35,312
35,887 35,305
----------------------------------------------------------------------
Diluted
Earnings Per Share:
Income from Continuing
Operations $ 0.01 $
0.1% 9.9% 5.12) 0.34 0., (OTCBB:CYSG),
a provider of software technology for packaging
design, pallet
optimization, inventory and warehouse management, and order
fulfillment, today
announced that it has been selected as the
single-source vendor of palletizing software for Smurfit
-Stone
Container Corporation (NASDAQ: SSCC).fedrigoni recycled
Packaging Products segment operating income
was $5
. Paul facility in January.
Conference Call
The Company will host a conference call to
discuss its results of
operations for the second quarter of fiscal 2005 and other topics that
may
be raised during the discussion at 11:00 a.01) 0.0% 10.
Thomas Ciecorka, National Design Manager
at Smurfit-Stone, says
that CAPE Systems was selected as the single-source vendor of
palletizing
software after a year of evaluating CAPE, its software,
and the competition.Paper Brokers are companies
that buy and sell paper on a wholesale basis.
They often provide financing to parties on either end
of the transaction.
joblots linerboard
7% 3. Such software solutions
include among other things, optimize product
size and design, make
more efficient use of materials, improve packaging arrangements within
cases
, and increase the number of cases per pallet. Smurfit-Stone also is North
America's largest collector
and marketer of recovered fiber.truckload pulp
Folding carton sales were $183.3% of
net sales in the second
quarter of fiscal 2005, compared to 12. The average price including the
favorable impact of unamortized
realized interest rate swap gains was
101.01 $ 0.08 $ 0.4% 4.09 (0.15 $0.08 (0.
Rock
-Tenn management uses Net Debt, along with other factors, to
evaluate our financial condition.---
-Cape
Systems Group, Inc.trader joblots
08 per
diluted share, reflecting a loss of $0.01 per diluted share from
discontinued operations.8% 4.2%
2005 2.4% 2. Set forth below
is a reconciliation of
Net Debt to the most directly comparable GAAP measures, Total Current
Maturities
of Debt and Total Long-term Debt, Less Current Maturities:
Debt Reconciliation
----------
---------
March 31, Dec. How you
design primary,
secondary and tertiary packages can make a huge
difference to the bottom line.
About Smurfit
-Stone Container Corporation
A Fortune 500 company, Smurfit-Stone Container Corporation is the
industry's leading manufacturer of paperboard and paper-based
packaging.ekman stocklots
2 million, or $0.5 million
in the prior year quarter. Paperboard tons shipped in the second quarter of
fiscal 2005 were 254
,934 tons compared to 291,685 tons in the year ago
quarter. These cost pressures and weak demand more
than offset improvements in operations and our intense cost reduction
efforts. The conference
call will be webcast and can
be accessed, along with a copy of this press release and any other
statistical
information related to the conference call, at
www.6% 2.27
2005 0
. Such forward-looking statements involve
risks and uncertainties and are subject to change at any
time.linerboard paperboard
3 million.
Merchandising Displays and Corrugated Packaging Segment
Merchandising
Displays and Corrugated Packaging segment sales were
$86.
Financing
During the quarter
Rock-Tenn Company purchased $3.6% --- --- ---
Merchandising Displays and Corrugated
Packaging Segment Sales
2003 $75,067 $66,130 $71,738 $78,303 $291,238
2004 73,518 77,440 75,841 91,475 318,274
2005
79,510 86,090 --- --- ---
Merchandising Displays and Corrugated
Packaging
Income
2003 $7,221 $5,266 $6,858 $9,224 $28,569
2004
5,932 7,507 6,096 9,540 29,075
2005 2,688 4,835
--- --- ---
Return on Sales
2003 9.8% --- ---
---
Rock-Tenn Company Quarterly Statistics
Key Financial Statistics
(In Thousands
except EPS Data)
1st 2nd 3rd 4th
Quarter Quarter Quarter Quarter Fiscal Year
----------------------
--------------------------
Income (Loss) From Continuing Operations
2003
$4,945 $7,131 $7,853 $9,612 $29,541
2004 4,166 3,009 (4,076)
6,552 9,651
2005 482 240 --- --- ---
Diluted EPS From Continuing Operations
2003 $0.
In today's highly competitive
marketplace, more and more
manufacturers are turning to sophisticated software programs to drive
non-value-added costs out of the supply chain.recycled newsprint
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