MeadWestvaco Corp. (MWV) Reports In-Line Q1 EPS; Offers Q2 Outlook

MeadWestvaco Corp. (NYSE: MWV) reported Q1 EPS of $0.23, in-line with the analyst estimate of $0.23. Revenue for the quarter came in at $1.32 billion versus the consensus estimate of $1.36 billion.

Second Quarter 2014 Outlook

For the second quarter of 2014, earnings excluding special items are expected to be well above last year. While the company anticipates negative impacts from the cost of raw materials and currency weaknesses, the principal factors driving the expected improvement are:

-- Increases in consumer and industrial packaging volumes, including paperboard and plastic dispensing solutions across major end-markets
-- Benefits from ongoing value-based pricing initiatives across all packaging businesses
-- Productivity improvements and continued positive operating leverage from increased plant utilization rates
-- Benefits from continuing cost reduction efforts

For earnings history and earnings-related data on MeadWestvaco Corp. (MWV) click here.

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