Badger Paper Mills Reports Fourth Quarter 2001 Profit.Business Editors PESHTIGO, Wis.--(BUSINESS WIRE)--Feb. 14, 2002 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 SmallCap: BPMI BPMI Business Process Management Initiative (HP, Nortel, Sun, Sybase, Etc.) BPMI British Profile Management Initiative ) reported a fourth quarter 2001 profit of $1,255,000 and $0.63 per share (basic) and $0.60 earnings per share (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. ). This compares to a fourth quarter 2000 loss of $1,824,000 and $0.92 loss per share (basic and diluted). 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 fourth quarter 2001 were $17,641,000 compared to net sales of $17,990,000 during the fourth quarter in 2000. For the year ended December 31, 2001, the Company's net sales of $76,305,000 generated net earnings of $3,846,000 and $1.92 per share (basic) and $1.89 per share (diluted). This compares to net sales of $76,138,000 and a net loss of $3,066,000 and $1.55 loss per share (basic and diluted) for the year ended December 31, 2000. Included in the results for the year ended December 31, 2001 was a pre-tax gain of $1,627,000 on the sale of Company owned timberland and other land. Robert A. Olah, President and Chief Executive Officer of the Company stated, "The Badger team made great strides toward implementing the market niche strategy we have been focusing on the past year. The shift to higher value-added products and the development of innovative products helped soften the effect of poor market conditions." Badger Paper Mills manufactures flexible packaging and specialty papers for customers throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion