|Three Months||Three Months||Nine Months||Nine Months|
|June 30,||June 30,||June 30,||June 30,|
|Earnings (loss) per diluted share||$||0.81||$||(0.60||)||$||2.31||$||1.30|
|Restructuring and other costs and operating losses and transition costs due to plant closures||0.14||0.71||0.61||0.96|
|Loss on extinguishment of debt||―||0.49||0.17||0.58|
|Acquisition inventory step-up||―||0.69||―||0.81|
|Adjusted earnings per diluted share||$||0.95||$||1.29||$||3.09||$||3.65|
- Net sales of $2,303.2 million for the third quarter of fiscal 2012 increased $921.1 million over the third quarter of fiscal 2011, primarily as a result of the May 27, 2011, Smurfit-Stone acquisition.
- Segment income was $159.3 million up $13.6 million or 9.3% over the prior year quarter after adjusting the prior year quarter to eliminate $55.4 million of pre-tax acquisition inventory step-up. The increase was primarily a result of the Smurfit-Stone acquisition and increased profitability in our Consumer Packaging segment.
- RockTenn’s restructuring and other costs and operating losses and transition costs due to plant closures, net of related noncontrolling interest were $0.14 per diluted share after-tax, for the third quarter of fiscal 2012. These costs consisted primarily of $7.5 million of pre-tax integration and acquisition costs, including professional services, employee and other costs, $6.2 million of pre-tax facility closure charges primarily related to corrugated container plants acquired in the Smurfit-Stone Acquisition, the permanent shutdown of the medium machine at Hodge, Louisiana containerboard mill, net of a gain on sale of our Columbus, Indiana laminated converting facility and $1.9 million of pre-tax operating losses and transition costs primarily related to corrugated container plants acquired in the Smurfit-Stone acquisition.