Badger Paper Mills Reports Fourth Quarter 2000 Loss.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)--Feb. 22, 2001 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 a fourth quarter 2000 net loss of $1,824,000 or $.92 per share. This compares to a fourth quarter 1999 profit of $659,000 or $ .33 per share. Sales for the fourth quarter 2000 were $17,338,000, down slightly from 1999 sales for the same period of $17,617,000. For the twelve months ended December December: see month. 31, 2000, the Company reported a net loss of $3,066,000 or $.1.55 per share. This compares to 1999 net income of $1,135,000 or $.58 per share. Sales for the twelve months ended December 31, 2000 totaled $73,346,000, compared to $67,024,000 for the same period in 1999. Although company sales revenues for the fourth quarter 2000 were on a par with 1999 levels, the Company experienced the full impact of increased pulp and natural gas costs which have been increasing during the year. Although paper production was down less than 1% for the year, the cost of pulp increased approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $9,000,000 over 1999 levels. At the same time, natural gas prices increased by $1,200,000 over the 1999 total. Continued competitive pressures in the market precluded the Company from fully passing these costs through to the market. In contrast to paper operations, the Flexible Packaging Division reported record sales and profits. Gross margin for this operation increased to over 20% due to longer runs and other operating efficiencies.
For Three Months Ended For Twelve Months Ended
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December 31 December 31
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2000 1999 2000 1999
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Net Sales $17,338,000 $17,617,000 $73,346,000 $67,024,000
Gross Profit (114,000) 2,136,000 2,409,000 6,688,000
Income Before Taxes (2,075,000) 693,000 (3,957,000) 1,416,000
Net Income (1,824,000) 659,000 (3,066,000) 1,137,000
Net Income Per
Share - Basic $(0.92) $0.33 $(1.55) $0.58
Average Shares
Outstanding
- Basic 1,988,417 1,971,552 1,981,716 1,966,111
Net Income Per
Share - Diluted $(0.92) $0.33 $(1.55) $0.58
Average Shares
Outstanding
- Diluted 1,988,417 1,971,552 1,981,716 1,966,111
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