BPM announces first quarter results.PESHTIGO, Wis.--(BUSINESS WIRE)--April 30, 1997--Badger Paper Mills Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BPMI BPMI Business Process Management Initiative (HP, Nortel, Sun, Sybase, Etc.) BPMI British Profile Management Initiative ) reported sales and earnings for the first quarter of 1997. Claude L. Van Hefty, president, announced that sales for the first quarter of 1997 totaled $16,213,000 compared to $18,454,000 for the same period in 1996. A net loss in the first quarter 1997 of $861,000 or 44 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , compared to reported net loss of $662,000, or 34 cents per share, in the same period a year ago. Van Hefty stated that first quarter 1997 results were negatively affected by the continued weak demand for the company's paper products, resulting in the company taking 10 percent production downtime The time during which a computer is not functioning due to hardware, operating system or application program failure. during the first quarter. In addition, the reformulation of the company's paper products and new product trials also adversely affected first quarter results. These ongoing efforts are intended to position the company to deliver higher quality products to the market, while developing specialty niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. products, which should decrease the company's future dependency on sales of commodity products. Badger Paper Mills produces fine and specialty products, including printing and writing papers, xerographic xe·rog·ra·phy n. A dry photographic or photocopying process in which a negative image formed by a resinous powder on an electrically charged plate is electrically transferred to and thermally fixed as positive on a paper or other copying surface. , recycled papers, MG laminating lam·i·nate v. lam·i·nat·ed, lam·i·nat·ing, lam·i·nates v.tr. 1. To beat or compress into a thin plate or sheet. 2. To divide into thin layers. 3. grades, plain and printed waxed papers, and various other specialty products at its manufacturing and converting facilities located in Peshtigo and Oconto Falls, Wis. Badger-produced products are marketed under the tradenames Ta-Non-Ka(R), Copyrite(R), BPM(TM), ENVIROGRAPHIC(R), and FRESHrap(R). -0-
BADGER PAPER MILLS INC. AND SUBSIDIARY
(thousands, except per share amounts)
Three Months Ended
March 31, 1997 March 31, 1996
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Net sales $ 16,213 $ 18,454
Income (Loss) Before Taxes (1,305) (1,003)
Net Income (Loss) (861) (662)
Net Income (Loss) Per Share (0.44) (0.34)
Weighted Average Common Shares
Outstanding 1,945,130 1,943,730
CONTACT: Badger Paper Mills Inc., Peshtigo Miles L. Kresl Jr., 715/582-5201 Fax: 715/582-4820 |
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