Pope & Talbot, Inc. announced that its
fourth quarter earnings have been negatively impacted by soaring energy costs,
continued deterioration in lumber prices and weakness in the short fiber pulp
market. As a result, earnings per share are expected to be below many security
analyst's expectations.
Michael Flannery, chairman and CEO
commented, ``The effects of a slowing economy and seasonally weak markets are
being compounded by unusually high prices for natural gas and energy. Both pulp
and lumber segments are expected to report results which are lower than the
previous quarter.''
Explore the December 2000 Issue
Check out more from this issue and find you next story to read.
Latest from Recycling Today
- Seven companies partner to develop sustainable polyester fiber
- Lindner establishes subsidiary in India
- Wieland adds metals manager to executive staff
- Krones Recycling established as subsidiary of German company
- McKinsey says most consumer packaging still going unrecycled
- Universal Stainless contract talks extended
- Lawndale Recycling receives air quality permit
- US recovered paper exports decline again
