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Buckeye Reports Earnings

Buckeye Technologies Inc.reported second quarter net income of $17.1 million.

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By: Karen McIntyre

Editor, Nonwovens Industry

Net sales were $209.5 million for the second quarter of fiscal 2011, up 14% versus net sales of $183.3 million in the second quarter of fiscal 2010 due to higher selling prices and improved mix.

Comparing the second quarter to the first quarter of fiscal 2011, sales were up $7.4 million as increased shipment volume from the company’s specialty cotton fibers plants combined with higher selling prices and improved mix in the specialty fibers segment offset the impact of reduced nonwovens shipment volumes.

Net sales in the nonwovens segment totaled $62 million for the three months ended December 31, 2010, compared to $60 million for the same period last year.


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