Adjusted income from continuing operations attributable to the company excluding special items was $88 million or $0.49 per share for the 3Q 2013 compared to $69 million or $0.39 per share for the 3Q 2012.
“Good progress with our profitable growth strategies across our businesses helped us deliver improved sales and earnings in an environment of still sluggish consumer demand and increased volatility in emerging markets,” said John A. Luke, Jr., chairman and CEO, MWV. “We continue to outperform in targeted packaging and specialty chemicals markets with differentiated participation strategies and a focus on commercial excellence and innovation. We are also realizing benefits from our major growth and productivity investments, and the new biomass boiler we started at our Covington, Virginia, paperboard mill will meaningfully contribute to productivity going forward. The commercial and operating momentum we have reestablished this quarter positions us well for the balance of this year and 2014.”
In the 4Q 2013, MWV expects earnings to be significantly above the year-ago levels on a continuing operations basis.
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.