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Article: Caraustar has net loss; GP's net rises: earnings reports.(Brief Article)
- Article from:
- Official Board Markets
- Article date:
- May 1, 2004
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Caraustar Industries, Atlanta, reports revenues for the first quarter ended March 31 were $257.1 million, an increase of 1.7 per cent from revenues of $252.9 million for the same quarter in 2003. Net loss for the first quarter of 2004 was $6.8 million, compared to first quarter 2003 net loss of $7.1 million.
"The operating rate for Caraustar's mills topped 96 percent for the quarter, as total volume increased 2.7 percent over first quarter 2003," says Thomas Brown, president and chief executive officer. "The gains were significant in light of the 2003 mill closures at Buffalo, N.Y., and Cedartown, Ga., and ...