custom ad
NewsMarch 17, 1991

NEW YORK -- Westvaco Corporation reported a $30 million drop in income for the company's fiscal year first quarter, compared to a year ago. The drop was caused by a 24 cents per share special charge. In January, the company said it would take a pretax special charge of $25 million to respond to the recession. First quarter sales dropped 2 percent in the period to $573 million. Westvaco operates a plant at Wickliffe, Ky...

NEW YORK -- Westvaco Corporation reported a $30 million drop in income for the company's fiscal year first quarter, compared to a year ago. The drop was caused by a 24 cents per share special charge.

Receive Daily Headlines FREESign up today!

In January, the company said it would take a pretax special charge of $25 million to respond to the recession. First quarter sales dropped 2 percent in the period to $573 million. Westvaco operates a plant at Wickliffe, Ky.

Story Tags

Connect with the Southeast Missourian Newsroom:

For corrections to this story or other insights for the editor, click here. To submit a letter to the editor, click here. To learn about the Southeast Missourian’s AI Policy, click here.

Advertisement
Receive Daily Headlines FREESign up today!