NORCROSS, Ga., July 23, 2013 (GLOBE NEWSWIRE) -- RockTenn (NYSE:RKT) today reported earnings for the quarter ended June 30, 2013 of $1.91 per diluted share and adjusted earnings of $2.16 per diluted share. Adjusted earnings per share increased 127% over the prior year quarter.
|Three Months||Three Months||Nine Months||Nine Months|
|June 30,||June 30,||June 30,||June 30,|
|Earnings per diluted share||$1.91||$0.81||$7.55||$2.31|
|Alternative fuel mixture credit tax reserve adjustment||―||―||(3.47)||―|
|Restructuring and other costs and operating losses and transition costs due to plant closures||0.25||0.14||0.55||0.61|
|Loss on extinguishment of debt||―||―||―||0.17|
|Adjusted earnings per diluted share||$2.16||$0.95||$4.63||$3.09|
- Net sales of $2,448 million for the third quarter of fiscal 2013 increased $145 million compared to the third quarter of fiscal 2012. Segment income of $274 million increased $115 million or 72% over the prior year quarter.
- RockTenn's restructuring and other costs and operating losses and transition costs due to plant closures for the third quarter of fiscal 2013 were $0.25 per diluted share after-tax. These costs primarily consisted of $22 million of pre-tax facility closure charges and $2 million of pre-tax acquisition and integration costs. The pre-tax facility closure charges primarily consisted of corrugated converting facilities acquired in the Smurfit-Stone Acquisition.