Boise Cascade Corp. reported
first quarter net income of $7.1 million, compared with $39.6 million the first
quarter last year. Fourth quarter net income was $20.7 million.
Sales in first quarter 2001
decreased 5% to $1.9 billion, compared with $2.0 billion in the first quarter a
year ago. Sales in fourth quarter 2000 were $1.9 billion.
George J. Harad, chairman
and CEO, said, ``First-quarter results from operations were substantially lower
than those of a year ago. Significantly weaker wood products markets and higher
energy costs in our paper business offset solid performance in office products
distribution and continued progress in our moving to value-added products and
improving other costs across the company.''
Explore the April 2001 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- US Steel to restart Illinois blast furnace
- AISI, Aluminum Association cite USMCA triangular trading concerns
- Nucor names new president
- DOE rare earths funding is open to recyclers
- Design for Recycling Resolution introduced
- PetStar PET recycling plant expands
- Iron Bull addresses scrap handling needs with custom hoppers
- REgroup, CP Group to build advanced MRF in Nova Scotia