Containerboard and Paperboard Tons Produced
Total tons produced in the third quarter of fiscal 2012 were approximately 2.13 million tons, an increase of approximately 0.9 million tons over the prior year quarter due to the Smurfit-Stone acquisition, and a sequential decrease of approximately 36,000 tons from the second quarter of fiscal 2012. The sequential quarter decrease was primarily due to scheduled major maintenance outages and capital projects at our containerboard mills.
Corrugated Packaging SegmentCorrugated Packaging segment net sales increased $810.7 million to $1,545.2 million in the third quarter of fiscal 2012 compared to the prior year quarter, due primarily to the Smurfit-Stone acquisition. Segment income increased to $73.4 million in the third quarter of fiscal 2012 compared to $24.6 million in the prior year quarter. The third quarter of fiscal 2011 included $55.4 million of pre-tax acquisition inventory step-up compared to $0.2 million in the third quarter of fiscal 2012. Corrugated Packaging segment EBITDA margin was 11.3% for the third quarter of fiscal 2012, as the higher than expected costs for our Hodge outage offset otherwise solid performance amid improving industry fundamentals as the quarter came to a close. Consumer Packaging Segment Consumer Packaging segment net sales increased $49.3 million in the third quarter of fiscal 2012 compared to the prior year quarter, primarily due to increased display sales including those from the Smurfit-Stone acquisition. Segment income was $83.7 million in the third quarter of fiscal 2012 compared to $61.1 million in the prior year quarter due primarily to increased display sales, lower recycled fiber and energy costs that were partially offset by higher freight costs. Consumer Packaging segment EBITDA margin was 17.1% for the third quarter of fiscal 2012. Recycling and Waste Solutions Segment Recycling and Waste Solutions segment net sales increased $191.5 million over the prior year third quarter to $338.9 million primarily due to the Smurfit-Stone acquisition. Segment income was $2.2 million in the third quarter of fiscal 2012 compared to $4.6 million in the prior year as declining recycled fiber prices compressed margins.
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