Caraustar loss dips to $6.5M - Atlanta Business Chronicle:

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The Austell, Ga.-based recycled paperboard and packagingf company posted a net lossof $6.5 milliohn on $209.6 million in sales. This compareas with a net lossof $5.1 million on $234.7 millioh in sales in the third quarter of 2006. Quittingv production at four paper mills accountedfor $9.3 million of the decreas e in sales, Caraustar said. Loss per share for the thired quarter was22 cents, compared with a loss per shar e of 18 cents in the thirrd quarter of 2006. In October, Caraustar the assets of its composite can and plastics businessee to thefor $20.2 million. The company recognized a pretaxs impairment lossof $10.
3 million in the third quarter related to the Cash restructuring costs for the closurew of facilities were $2.4 million in the third quarter of 2007, comparedd with $1.5 million in the third quartedr in 2006. "Market demand has softened acrossall grades," said Michaeol J. Keough, president and CEO of "Our mill tons sold decreased 6.6 percentr after considering exited facilities. Mill operatingf capacity was 91.8 percent for third quarter 2007 compareedto 92.1 percent for the thircd quarter 2006, and versus industry operating ratea of 93.8 and 90.3 percent, Rising fiber costs pressured marginsx in the third quarter.
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