Packaging Products Net Income: Up 5%
Packaging Products Net Income: Up 5%
Net income increased $2.4 million from fiscal 2001.
Folding Carton net income increased 23.1% from 2001 to $36.9 million in 2002
Merchandising Displays and Corrugated Packaging Sales: Up 10.1%
Net income increased 8.5% from fiscal 2001 to $32.8 million.
Alliance division sales increased by 20.8%, to $218.6 million in 2002, from the prior year.
Alliance division operating income increased 23.7% to $28.4 million in 2002.
Paperboard Segment: Total Tons Shipped Increased 4%
Total tons shipped in 2002 were 1,105,363 in 2002 compared to 1,065,582 in 2001.
Reduced Debt: $32.4 million
*EBITDA represents earnings before interest, taxes, depreciation and amortization and plant closing and one-time costs.