Home / Knowledge / News / Textiles / Buckeye announces Oct - Dec results

Buckeye announces Oct - Dec results

Jan '07
Buckeye Technologies Inc announced that it earned $3.8 million after tax (10 cents per share) in the quarter ended December 31, 2006.

During the same quarter of the prior year, the Company earned $1.9 million after tax (5 cents per share) which included $0.7 million after tax in restructuring expenses associated with last year's closure of the Glueckstadt, Germany cotton linter pulp plant.

Net sales in the just completed quarter were $184.7 million, 2% lower than $188.3 million achieved in the same quarter of the prior year. Net sales for the first six months of fiscal year 2007 were $376.1 million, 6% higher than net sales of $353.7 million for the same period last year.

Buckeye Chairman John B. Crowe commented, “Demand for our products is strong and we have implemented price increases in January. Operational issues early in the October-December quarter at our Florida wood specialty fibers facility limited our sales."

"With low inventories, our sales are closely matched to production. The Florida facility has returned to full production rates. Going forward our focus on operational reliability will help maximize sales.”

Mr. Crowe went on to say, “Continued strong cash flow generation enabled us to reduce debt by $13 million during the quarter even with two large semi-annual bond interest payments, our annual employee retirement plan contribution and our annual Florida property tax payment.”

Click here to view report:

Buckeye Technologies Inc

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 23rd Oct 2021

FDRA urges US govt to remove tariffs causing kids' shoe price spikes

The Footwear Distributors and Retailers of America (FDRA) has sent...

Pic: Sorbis / Shutterstock.com

Fashion | On 23rd Oct 2021

Calvin Klein & Louis Vuitton top 2 trustworthy brands for US customers

Calvin Klein, an iconic American brand that has existed since 1968,...

Pic: Breuninger

E-commerce | On 23rd Oct 2021

Fashion retailer Breuninger to launch e-commerce portal in Poland

After Austria (2017) and Switzerland (2019), fashion company...

Interviews View All

India-EU Summit, Representatives

India-EU Summit

India-EU FTA will provide EU with better access to a huge & rapidly...

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Mumin Can Eker,

Mumin Can Eker

Maseksport Inc is a readymade garment exporter. Founded in Izmir in 1989,...

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Dave Rousse, INDA

Dave Rousse

INDA, a global association of the nonwoven fabrics industry, has been...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

October 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search