Containerboard and Paperboard Tons Produced
Total tons produced in the fourth quarter of fiscal 2012 were approximately 2.32 million tons, a decrease of approximately 72,000 tons over the prior year quarter, and a sequential increase of approximately 187,000 tons from the third quarter of fiscal 2012. The sequential quarter increase was primarily due to seasonal strength and fewer scheduled major maintenance outages at our containerboard mills.
Corrugated Packaging SegmentCorrugated Packaging segment net sales decreased $29.2 million to $1,597.3 million in the fourth quarter of fiscal 2012 compared to the prior year quarter. Segment income decreased $40.8 million to $112.8 million in the fourth quarter of fiscal 2012 compared to $153.6 million in the prior year quarter after adjusting the current year quarter and prior year quarter to eliminate $0.2 million and $4.0 million of pre-tax acquisition inventory step-up, respectively. The decrease is primarily related to $18.3 million of incremental maintenance outage expense compared to the prior year quarter, the impact of lower mill volumes and lower selling prices and start-up costs and lost production after the major capital investments at our Hodge, LA mill. Corrugated Packaging segment EBITDA margin was 13.7% for the fourth quarter of fiscal 2012. Consumer Packaging Segment Consumer Packaging segment net sales decreased $7.3 million in the fourth quarter of fiscal 2012 compared to the prior year quarter. Segment income was $98.8 million in the fourth quarter of fiscal 2012 compared to $82.1 million in the prior year quarter. Segment income in the fourth quarter of fiscal 2012 included $18.2 million received in connection with the termination and settlement of a paperboard supply agreement, net of legal fees in the period. Consumer Packaging segment EBITDA margin was 18.6% for the fourth quarter of fiscal 2012. Recycling Segment Recycling segment net sales decreased $91.4 million over the prior year fourth quarter to $264.4 million primarily as a result of lower selling prices. Segment loss was $2.8 million in the fourth quarter of fiscal 2012 compared to segment income of $5.3 million in the prior year primarily as declining recycled fiber prices compressed margins.
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