Badger Paper Mills Reports First Quarter 2000 Earnings.Business Editors 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)--May 9, 2000 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 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 NMS See NetWare Management System. :BPMI BPMI Business Process Management Initiative (HP, Nortel, Sun, Sybase, Etc.) BPMI British Profile Management Initiative ) reported 2000 first quarter net income of $89,000, or $0.04 per share. This compares to first quarter 1999 income of $374,000, or $0.19 per share. Sales for the first quarter 2000 were $18,384,000, an increase from 1999 sales of $15,326,000. Badger's sales increased in the first quarter reflecting higher paper sales volumes and continued record sales in its flexible packaging operations. Gross margins in paper product lines were lower due to rapidly escalating pulp prices and continued competitive pressure on selling prices. At the same time, flexible packaging margins remain strong. Late in the first quarter, Badger completed installation of a new web inspection system on its Fourdrinier paper machine. This should enhance the company's ability to produce more sophisticated specialty products on this machine.
Badger Paper Mills, Inc.
Three Months Ended March 31st
2000 1999
---- ----
Net Sales $18,384,000 $15,326,000
Gross Profit 1,654,000 1,901,000
Income Before Taxes 135,000 567,000
Net Income 89,000 374,000
Net Income /Share .04 .19
Shares Outstanding 1,975,570 1,961,736
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