Longview Fibre Company Reports Improved Third Quarter Financial Results.
Business Wire (August 24, 2004)
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Longview Fibre Company Reports Improved Third Quarter Financial Results.
LONGVIEW, Wash. -- Longview Fibre Company (NYSE:LFB) today announced net income of $7.9 million, or $0.15 per share, for its third fiscal quarter ended July 31, 2004, compared with a net loss of $177,000, or $0.00 per share, for the third quarter of fiscal 2003. Net sales increased 13.5 percent, to $220.5 million, in the quarter ended July 31, 2004, compared with $194.3 million for the same period last year.
R. H. Wollenberg, chairman, president and chief executive officer, said, "Our third quarter results reflect strengthening in demand in each of our operating segments and improved operating efficiency in each of our segments compared to last year's third quarter. "Demand and pricing for logs and lumber reflected a strong U.S. housing market and, although our log harvest plan calls for a sequential reduction in...Try vLex for FREE for 3 days
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