Oct 24, 2007. /Lesprom Network/. Buckeye Technologies Inc. announced on October 22, 2007 earnings for the July-September quarter of $0.34 per share compared to $0.10 per share in the same period last year. These results include a $2.2 million ($0.06 per share) one-time favorable tax benefit related to the recently enacted reduction in Germany's corporate tax rate. Chairman and chief executive officer John B. Crowe said, "As I said in our performance update last week, first quarter net sales were up 3% compared to the same period last year. The earnings improvement is a combination of higher prices, better mix and cost control. Nonwovens shipments were especially strong with net sales up 10% compared to the same period last year. Strong cash flow enabled us to reduce debt by $26 million during the just completed quarter. Demand for our specialty wood and cotton products, nonwoven materials and fluff pulp continues to be strong." Buckeye, a leading manufacturer and marketer of specialty fibers and nonwoven materials, is headquartered in Memphis, Tennessee, USA. The company currently operates facilities in the United States, Germany, Canada, and Brazil. Its products are sold worldwide to makers of consumer and industrial goods.