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Appleton Papers Inc.
Appleton Reports First Quarter 2009 Results
May 23rd, 2009
Appleton reported net sales of $212.5 million for first quarter ended April 5, 2009. First quarter 2009 net sales decreased 5.4 percent compared to fourth quarter 2008 and decreased 10.2 percent compared to first quarter 2008. The decrease was largely due to weak economic conditions worldwide. Currency volatility and the ongoing strengthening of the U.S. dollar affected the Company's competitive position in international markets. Appleton achieved operating income of $7.4 million compared to an operating loss of $32.5 million in fourth quarter 2008 and operating income of $10.3 million in first quarter 2008. Appleton reported net income from continuing operations of...
Source: Law & Health Weekly (2009-05-23)
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