Appleton Reports Strong Third Quarter Results
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Appleton's net sales for the first nine months of 2010 were $645.7 million, an increase of 12.5 percent compared to net sales for the first nine months of 2009. Appleton reported operating income of $25.2 million for the nine months ended Oct. 3, 2010, compared to $31.1 million of operating income for the same period last year. The negative impact on 2010 results of unfavorable price and mix and higher raw material and utility costs was partially offset by stronger shipment volumes, reduced manufacturing costs and an $8.2 million environmental insurance recovery. In addition, 2009 results included a $13.0 million alternative fuels tax credit recorded as a reduction to cost of sales.
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