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MWV reports higher chemical sales in third quarter

1:57 PM MDT | October 29, 2013 | Lindsay Frost

MeadWestvaco (MWV; Richmond, VA), a packaging and packaging solutions producer, today reported third-quarter 2013 sales of $1.43 billion were up 2% year-on-year (YOY) because of growth in targeted packaging and specialty chemicals markets and increased land sales. Net income of $80 million increased 19% YOY, with earnings per share of 44 cts/share falling slightly below analyst estimates of 50 cts/share, as reported by Thomson Reuters (New York). The company says sales and earnings in its industrial packaging business benefited from higher pricing in Brazil...

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