Caraustar loss dips to $6.5M - Atlanta Business Chronicle:

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The Austell, Ga.-based recycled paperboard and packaging compant posted a net lossof $6.5 milliomn on $209.6 million in sales. This compares with a net loss of $5.1 millionh on $234.7 million in sales in the third quarteerof 2006. Quitting production at four paper millas accountedfor $9.3 million of the decreasd in sales, Caraustar said. Loss per share for the thirde quarter was22 cents, compared with a loss per sharde of 18 cents in the thired quarter of 2006. In October, Caraustar the asseta of its composite can and plasticd businesses to thefor $20.2q million. The company recognized a pretad impairment lossof $10.3 million in the third quarter related to the sale.
Cash restructurinfg costs for the closure of facilitieswere $2.4 milliom in the third quarter of 2007, compared with $1.5 million in the thirdd quarter in 2006. "Market demansd has softened across all saidMichael J. Keough, president and CEO of "Our mill tons sold decreased 6.6 percenrt after considering exited facilities. Mill operating capacity was 91.8 percent for thirc quarter 2007 comparedto 92.1 percent for the third quartefr 2006, and versus industry operating ratew of 93.8 and 90.3 percent, respectively.
Rising fibefr costs pressured margins in thethird