Badger Paper Announces Second Quarter Earnings.PESHTIGO, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. .--(BUSINESS EDITORS)--July 21, 1999-- Badger badger, name for several related members of the weasel family. Most badgers are large, nocturnal, burrowing animals, with broad, heavy bodies, long snouts, large, sharp claws, and long, grizzled fur. Paper Mills, Inc. (Nasdaq NMS See NetWare Management System. :BPMI BPMI Business Process Management Initiative (HP, Nortel, Sun, Sybase, Etc.) BPMI British Profile Management Initiative ) reported net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the second quarter of 1999 of $16,668,000 compared to $17,462,000 in the second quarter of 1998. The Company reported net income of $625,000, or $.32 per share-basic, and $.32 per share-fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. for the second quarter of 1999, compared to $577,000, or $.29 per share-basic for the second quarter of 1998. The net income for the second quarter of 1999 and 1998 included non-recurring income of $258,000 and $215,000, respectively. Excluding this non-recurring amount, the Company's net income was $367,000 for 1999 and $362,000 for 1998. Company management stated the second quarter performance was satisfactory in view of the continuing difficulties facing much of the paper industry.
BADGER PAPER MILLS, INC.
For Three Months For Six Months
Ended June 30 Ended June 30
--------------- ----------------
1999 1998 1999 1998
---- ---- ---- ----
Net Sales $16,668,000 $17,462,000 $31,994,000 $35,722,000
Gross Profit 2,111,000 1,742,000 4,012,000 3,576,000
Income Before Taxes 946,000 874,000 1,513,000 1,406,000
Net Income 625,000 577,000 999,000 929,000
Net Income Per
Share-Basic $0.32 $0.29 $0.51 $0.48
Average Shares
Outstanding-Basic 1,964,852 1,955,994 1,962,927 1,953,323
Net Income Per
Share-Diluted $0.32 $0.51
Average Shares
Outstanding-Diluted 1,964,852 1,962,927
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