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Article: Chesapeake Reports Fourth Quarter Net Income of $0.75 Per Share and Full-Year 2002 Net Income of $1.44 Per Share.
- Article from:
- PR Newswire
- Article date:
- January 28, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Chesapeake Corporation today announced fourth quarter and full-year results for 2002. Net sales in 2002 of $240.3 million for the fourth quarter and $822.2 million for the full year increased 19 percent and 4 percent, respectively, over the comparable periods in 2001. Net income for the fourth quarter of 2002 was $11.4 million, or $0.75 per share, compared to $9.7 million, or $0.63 per share, for the fourth quarter of 2001. Net income for the full-year 2002 was $21.9 million, or $1.44 per share, compared to $123.5 million, or $8.12 per share, for the full-year 2001.
To enhance comparability of the company's financial results, the table below reconciles net ...