Badger Paper Mills Reports Profitable 1999.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. 7, 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 NMS See NetWare Management System. : BPMI BPMI Business Process Management Initiative (HP, Nortel, Sun, Sybase, Etc.) BPMI British Profile Management Initiative ) reported 1999 fourth quarter net income of $659,000 or $0.33 per share, and 1999 annual net income of $1,135,000 or $0.58 per share. This compares to 1998 fourth quarter net income of $407,000 or $0.21 per share, and a 1998 net income of $1,744,000 or $0.89 per share. Sales for the fourth quarter 1999 were $17,617,000 compared to 1998 sales of $13,883,000. Sales were $67,024,000 in 1999 versus $65,727,000 in 1998. Badger rebounded in the fourth quarter reporting a profit following a third quarter loss. The company's Flexible Packaging Division operated at record levels during the fourth quarter and positively impacted the overall performance of the company. Badger has reported profitable operations in seven of the last eight quarters. Badger's Management remains committed to overcoming the challenges of the industry-wide margin squeeze Squeeze 1. In financial terms, a period of time when borrowing is difficult. 2. In general business terms, times when increasing costs cannot be passed onto consumers. The decrease in profits is said to be caused by a "squeeze" on profit margins. and will continue its emphasis on the development and production of specialty products.
BADGER PAPER MILLS, INC.
Three Months Ended Year Ended
December 31 December 31
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1999 1998 1999 1998
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Net Sales $17,617,000 $13,883,000 $67,024,000 $65,727,000
Gross Profit 2,136,000 1,731,000 6,688,000 7,222,000
Income Before Taxes 693,000 615,000 1,415,000 2,641,000
Net Income 659,000 407,000 1,135,000 1,744,000
Net Income Per Share .33 .21 .58 .89
Shares Outstanding 1,971,552 1,959,162 1,966,111 1,955,772
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