BusinessJuly 10, 2000
BUSINESS MEMO: WESTVACO EARNINGS
Westvaco Corp., a major manufacturer of paper, packaging and chemicals, reported second-quarter sales and earnings. The company, headquartered in New York, reported sales of $904.7 million in the quarter ending April 30, up 33 percent from a year ago. Net earnings were $61.4 million, or 61 cents a share, up from the $27.3 million and 27 cents a share for the same period in 1999...
Westvaco Corp., a major manufacturer of paper, packaging and chemicals, reported second-quarter sales and earnings.
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The company, headquartered in New York, reported sales of $904.7 million in the quarter ending April 30, up 33 percent from a year ago. Net earnings were $61.4 million, or 61 cents a share, up from the $27.3 million and 27 cents a share for the same period in 1999.
Westvaco, which includes a paper-processing facility at Wickliffe, Ky., purchases timber from a number of Southern Illinois and Southeast Missouri timber growers.
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