MeadWestvaco’s OP sales up


1 November 2006 — Richmond (VA): MeadWestvaco’s Q3 consumer and office products segment sales increased 7 percent to $339 million from $317 million a year earlier.

Operating profit increased by 11 percent to $49 million from $44 million last year. The company attributes the rise to strong back-to-school sales.


The group’s consolidated Q3 net income was $56 million, up 1.8 percent compared to $55 million a year earlier.


EPS was $0.31 compared to$0.30 in Q3 2005 and net sales were up 11 percent compared to $1.75 billion from $1.58 billion in the previous year.