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Wausau Paper post first-quarter loss

April 30, 2009
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MOSINEE, WIWausau Paper recently announced a fiscal fourth-quarter net loss of $1.4 million on a 20 percent net sales decrease, according to a press release.

Losses for the quarter were less than the $6.8 million loss posted in the year-ago quarter, the release stated.

Net sales totaled $238.8 million and shipments declined by 26 percent to 155,000 tons, the release noted.

The shipments and net sales decreases were no surprise as the company anticipated volume reductions resulting from facility closures and weakening demand in several market categories, the release added.

Click here to read the complete release.

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