Appleton Papers reports 4Q and 2007 results
Mar 11, 2008. /Lesprom.com/. Appleton's net sales from continuing operations for the 4Q ended December 29, 2007, increased 2.1% to $240.9 million compared to net sales from continuing operations of $236.0 million for the same quarter of 2006.
Mar 11, 2008. /Lesprom.com/. Appleton's net sales from continuing operations for the 4Q ended December 29, 2007, increased 2.1% to $240.9 million compared to net sales from continuing operations of $236.0 million for the same quarter of 2006.
Appleton reported a net loss from continuing operations of $3.1 million for 4Q 2007 compared to a net loss from continuing operations of $0.6 million for the same quarter of 2006.
Appleton's net sales from continuing operations for 2007 were $963.2 million, a 1.1% decrease from 2006. Appleton reported 2007 net income from continuing operations of $4.2 million. This compares to $10.8 million of net income from continuing operations during 2006. The Company reported a net loss of $6.3 million for 2007, largely as a result of losses incurred by Bemrose Group Limited, a subsidiary based in the U.K. Net income of $11.3 million was reported for 2006.
Appleton Papers is a U.S. producer of carbonless and thermal papers, and a broad range of coated papers used in a variety of commercial printing and specialty applications.