BusinessSeptember 15, 1997
BUSINESS MEMO: WESTVACO EARNINGS
Westvaco Corp., a major manufacturer of paper, packaging and chemicals, were down for the third quarter and first nine months of fiscal 1997, which ended July 31. Westvaco, which includes a paper processing facility at Wickliffe, Ky., reported sales at $738 million the third quarter, down 3 percent from the same period in 1996. Third-quarter earnings were $39 million, or 38 cents per share, down 14 percent from the $44 million or 43 cents a share during the same period a year ago...
Westvaco Corp., a major manufacturer of paper, packaging and chemicals, were down for the third quarter and first nine months of fiscal 1997, which ended July 31.
Westvaco, which includes a paper processing facility at Wickliffe, Ky., reported sales at $738 million the third quarter, down 3 percent from the same period in 1996. Third-quarter earnings were $39 million, or 38 cents per share, down 14 percent from the $44 million or 43 cents a share during the same period a year ago.
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Sales for the first nine months of the fiscal year were $2.2 billion, also down 3 percent from the same period a year ago.
Westvaco purchases timber from a number of Southern Illinois and Southeast Missouri timber growers.
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