BusinessMarch 8, 1999
BUSINESS MEMO: WESTVACO EARNINGS
Westvaco Corp., a major manufacturer of paper, packaging and chemicals, has reported first-quarter sales and earnings. Westvaco, headquartered in New York, reported sales of $651.8 million in the quarter ending Jan. 31, down 7.3 percent from a year ago. Net earnings were $25.2 million, or 25 cents a share, down from $32.5 million and 32 cents a share for the same period in 1998...
Westvaco Corp., a major manufacturer of paper, packaging and chemicals, has reported first-quarter sales and earnings.
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Westvaco, headquartered in New York, reported sales of $651.8 million in the quarter ending Jan. 31, down 7.3 percent from a year ago. Net earnings were $25.2 million, or 25 cents a share, down from $32.5 million and 32 cents a share for the same period in 1998.
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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