This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MeadWestvaco's CEO Discusses Q4 2011 Results - Earnings Call Transcript

All the results we share this morning are presented on a continuing operations basis. For the fourth quarter, the company's loss from continuing operations was $9 million. Excluding special items, adjusted net income from continuing operations was $44 million or $0.26 per share.

Now here to tell you more about the results for the fourth quarter are John Luke, Chairman and CEO; Jim Buzzard, our President; and Mark Rajkowski, CFO.

I'll now turn the call over to John.

John A. Luke

Jason, thanks very much and good morning. MWV delivered another strong performance in 2011 even with the weaker fourth quarter due to the economic challenges primarily in North America and Europe. We had record adjusted income from continuing operations in 2011 of $335 million or $1.92 per share as we benefited from our market focus strategies and improved business model.

We strengthened our growth profile, implementing plans in each of our global markets to win new business with our most strategic customers, with our most innovative solutions and in the world's fastest-growing geographies. And we generated significant cash flow that we used to make growth investments and provide a strong return to our shareholders.

I'd also mention that we announced the spinoff of our Consumer & Office Products division, which will also create significant value for our shareholders when the transaction is closed in the first half of this year. These financial results during the past year came directly from the plans we're pursuing for profitable growth and value creation.

Across our packaging markets, we are focused on commercial excellence, innovation, growth in emerging markets and expanded participation with new materials and capabilities. As we discussed at our December Investor Meeting, we aim to generate $1 billion in profitable revenue from this plan over the next 3 to 5 years.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.69 -0.59%
FB $119.49 1.40%
GOOG $711.11 1.40%
TSLA $214.84 1.60%
YHOO $37.23 0.79%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs