Appleton Reports Strong Third Quarter Results
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Third quarter 2010 operating income of $9.6 million decreased $2.6 million from third quarter 2009 due to inflation of raw materials and utilities (-$8.6 million), alternative fuels tax credit recorded in 2009 (-$5.0 million), net gross profit impact of lower carbonless/higher thermal shipment volumes (-$1.7 million) and higher distribution costs (-$0.4 million) offset by favorable price and mix (+$6.2 million), reduced manufacturing and other costs (+$3.7 million), reduced start-up costs of the thermal coater at the West Carrollton, Ohio paper mill (+$1.8 million) and reductions in mill curtailments to match customer demand (+$1.4 million).
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