NORCROSS, Ga., Nov. 4, 2013 (GLOBE NEWSWIRE) -- RockTenn (NYSE:RKT) today reported earnings for the quarter ended September 30, 2013 of $2.40 per diluted share and adjusted earnings of $2.66 per diluted share. Adjusted earnings per diluted share increased 91% over the prior year quarter.
|Three Months||Three Months||Twelve Months||Twelve Months|
|September 30,||September 30,||September 30,||September 30,|
|Earnings per diluted share||$2.40||$1.14||$9.95||$3.45|
|Alternative fuel mixture credit tax reserve adjustment||―||―||(3.46)||―|
|Restructuring and other costs and operating losses and transition costs due to plant closures||0.26||0.19||0.81||0.80|
|Loss on extinguishment of debt||―||0.06||―||0.23|
|Adjusted earnings per diluted share||$2.66||$1.39||$7.30||$4.48|
- Net sales of $2,485 million for the fourth quarter of fiscal 2013 increased $131 million compared to the fourth quarter of fiscal 2012. Segment income of $332 million increased $123 million or 59% over the prior year quarter.
- RockTenn's restructuring and other costs and operating losses and transition costs due to plant closures for the fourth quarter of fiscal 2013 were $0.26 per diluted share after-tax. These costs primarily consisted of $19 million of pre-tax facility closure charges and $7 million of pre-tax acquisition and integration costs. The pre-tax facility closure charges primarily consisted of severance and other employee costs, equipment impairments and carrying costs for facilities acquired in the Smurfit-Stone acquisition that were partially offset by gains on the sale of previously closed facilities.