|
|
Article: Pactiv Announces 20 Percent Increase in Earnings Per Share From Continuing Operations; Strong Margins and Cash Flow Continue.
- Article from:
- Business Wire
- Article date:
- April 23, 2001
CopyrightCOPYRIGHT 2001 Business Wire. 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)
|
Business Editors
LAKE FOREST, Ill.--(BUSINESS WIRE)--April 23, 2001
Pactiv Corporation (NYSE: PTV) today reported first-quarter 2001 earnings per share of $0.20, consisting of $0.18 per share from continuing operations and $0.02 per share from discontinued operations.
Net income from continuing operations, before unusual items, of $29 million rose 12 percent from $26 million last year. On a comparable basis, earnings per share of $0.18 increased 20 percent from $0.15 per share last year. Sales rose 2 percent after adjusting for the impact of foreign currency exchange, divestitures, and discontinued product lines, driven by strong increases in ...