Wausau-Mosinee Paper Corp.
expects to report first quarter 2001 earnings modestly below the current
analyst consensus of a loss of $0.02 per share.
The major factors negatively
affecting first quarter results include weak demand and high energy costs, with
the growing economic slowdown impacting the company's printing and writing and
specialty paper businesses.
Wausau-Mosinee's president
and CEO, Thomas Howatt, stated, ``With the exception of our tissue segment,
weak market conditions have substantially impacted volume, dictating
market-related downtime at select mills to control inventories. While we are
faced with difficult economic conditions, pulp and energy costs are trending
favorably for us, and our internal initiatives to improve operating
efficiencies, reduce costs and control working capital are paying dividends.''
Explore the March 2001 Issue
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