MeadWestvaco (MWV) Tops Q1 EPS by 1c
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MWV Reports Improved First Quarter Results
April 29, 2015 7:25 AM EDTFirst Quarter Highlights:
Earnings ex-items were $0.27 per share, up 17% vs. $0.23 on the same basis in the prior year Revenue declined 3%; grew 3.5% ex-currency and portfolio from volume and price/mix improvement Enterprise EBITDA ex-items of $188 million was essentially unchanged; includes $19 million of currency impact and $13 million of lower pension income Margin improvement program savings were $19 million; cumulative program savings are $104 million Pending merger with RockTenn on track to close in the second quarter Specialty... More