Badger Paper Mills' Third Quarter Earnings.PESHTIGO Peshtigo (pĕsh`tĭgō'), city (1990 pop. 3,154), Marinette co., NE Wis., on the Peshtigo River 6 mi (9.7 km) inland from its mouth on Green Bay; inc. 1903. , 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 WIRE)--Oct. 16, 1998--Badger Paper Mills, Inc. (Nasdaq symbol BPMI BPMI Business Process Management Initiative (HP, Nortel, Sun, Sybase, Etc.) BPMI British Profile Management Initiative ) reported sales and earnings for the third quarter and the first nine months of 1998. Sales for the third quarter ending September September: see month. 30, 1998 were $16,121,000 compared to $19,002,000 in the third quarter of 1997. The Company reported net income of $408,000, or $0.21 per share for the period, compared to $173,000 or $0.09 per share for 1997. For the first nine months of 1998 sales were $51,844,000 with net income of $1,337,232, or $0.68 per share. This compares with sales in the first nine months of 1997 of $53,034,000 and a net loss of $(608,000) or $(0.31) per share. Tom Kuber, Chairman, stated the third quarter earnings reflect the results of the continuing cost improvements and shifting product mix to higher margin specialty products. Paper markets nationwide generally continued to deteriorate de·te·ri·o·rate v. 1. To grow worse in function or condition. 2. To weaken or disintegrate. in the third quarter with the pricing of commodity paper grades dropping to the lowest level in recent history. During the third quarter, 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. completed the management transition from Interim President, Harvey Harvey, city (1990 pop. 29,771), Cook co., NE Ill., a suburb S of Chicago; inc. 1895. Its manufactures include steel castings, metal products, chemicals, machinery, and electronic equipment. Harvey has an oil research center. The city was founded by Turlington W. Buek, to President, Tom Cosgrove. Buek continues to consult for the Company and is on the Board of Directors. -0-
BADGER PAPER MILLS, INC.
3 Months Ended Sept. 30 First Nine Months of
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1998 1997 1998 1997
---- ---- ---- ----
Net Sales 16,121,000 19,002,000 51,844,000 53,034,000
Gross Profit 1,914,000 1,413,000 5,491,000 2,713,000
Income B/4 Taxes
(Loss) 620,000 262,000 2,026,000 (922,000)
Net Income (Loss) 408,000 173,000 1,337,000 (608,000)
Net Income (Loss)
Per Share $0.21 $0.09 $0.68 $(0.31)
Shares Outstanding 1,955,944 1,947,268 1,953,323 1,945,892
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