Pulp & Paper News

MWV 4Q 2011 results: adjusted income from continuing operations, excluding special items, down 38% from year ago to $44 million



RICHMOND, VA , Jan. 25, 2012 (Business Wire) - MeadWestvaco Corporation today reported a loss from continuing operations of $9 million, or $0.05 per share, in the fourth quarter of 2011. Excluding special items, principally charges related to the forthcoming spinoff of the Consumer & Office Products business, income from continuing operations in the fourth quarter of 2011 was $44 million, or $0.26 per share, versus $71 million, or $0.41 per share in 2010 on the same basis. The decline was primarily due to lower volume across certain U.S. and European packaging markets as customers aggressively responded to uncertain demand trends caused by ongoing global macroeconomic developments.

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