With a strong gross margin of 23.6$, our quarter four adjusted earnings of $26 million or $0.66 per share was a good quarter given the impact of the unplanned outage. This compares with adjusted earnings of $28 million, or $0.68 per share, and $27 million, or $0.67 per share, for the same quarter last year, and immediately preceding quarter respectively.We continue to focus on generating strong cash flow and taking a balanced approach to the allocation of capital. Yesterday the Board of Directors voted to pay a quarterly cash dividend on $0.08 per share on September 14 th, 2012. During quarter four, we applied $22 million to share repurchases, $12 million to debt reduction, and increased our cash on the balance sheet by $10 million, leaving us with net debt on June 30 th of approximately $11 million. As I can as first of August, our net debt is now zero.
Buckeye Technologies' CEO Discusses F4Q2012 Results - Earnings Call
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