Buckeye nonwoven sales fall 11% in Q3

摘要

Buckeye Technologies has reported a net sales decline of 9% to $217m for Q3 of fiscal 2012, compared with the same period last year, due to restructuring costs and weaker volume. The company's results had deteriorated recently due to the closure or divestiture of under-performing and non-core assets. Nonwoven sales were down $7m or 11% year-on-year, excluding the impact of the January 31 divestiture of the Merfin Systems converting business. The primary driver was lower shipment volume in North America.