Sales from continuing operations in the 4Q 2014 were $1.37 billion compared to $1.31 billion in the 4Q 2013. Income from continuing operations attributable to the company in the 4Q 2014 was $53 million or $0.31 per share, compared to $209 million or $1.16 per share in the 4Q 2013. Income from continuing operations attributable to the company excluding special items was $78 million or $0.46 per share in the 4Q 2014, compared to $51 million or $0.29 per share in the 4Q 2013.
“MWV's revenue and earnings growth this quarter was the result of momentum we generated throughout a very good year of performance in 2014,” said John A. Luke, Jr., chairman and CEO, MWV. “Our strong packaging and specialty chemicals results reinforce the benefits of the market-focused strategies we have established in each business. We are confident our packaging and specialty chemicals businesses will continue to be successful and contribute to long-term shareholder value creation as new companies.”
Sales from continuing operations for full-year 2014 were $5.6 billion compared to $5.4 billion for full-year 2013.
Income from continuing operations attributable to the company for full-year 2014 was $262 million or $1.53 per share compared to $320 million or $1.78 per share for full-year 2013. Income from continuing operations attributable to the company for full-year 2014 excluding special items was $317 million or $1.85 per share compared to $185 million or $1.03 per share for full-year 2013.
MeadWestvaco Corporation (MWV) is a global packaging company providing innovative solutions to the world’s most admired brands in the healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries.