2012 News Releases

Keyword Search   2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 Date Title   10/23/12 Buckeye Increases Quarterly Dividend MEMPHIS, Tenn.--(BUSINESS WIRE)--Oct. 23, 2012-- Buckeye Technologies Inc. (NYSE:BKI) announced today that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.09 per common share payable on December 14, 2012 to shareholders of record as of the close of business on November 14, 2012. The quarterly dividend represents a 12.5% increase over the $0.08 per common share paid last quarter. Buckeye, a leading ...  10/23/12 Buckeye’s First Quarter FY 2013 Results 1Q Sales down 15% versus year-ago quarter Foley outage reduced 1Q EPS by $0.04; Sales by $17 million Gross margin improved to 25.4% vs. 24.3% in 1Q-12 Adjusted 1Q EPS* of $0.62 compared to a record $0.74 in 1Q-FY12 MEMPHIS, Tenn.--(BUSINESS WIRE)--Oct. 23, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced first quarter net sales of $197 million and adjusted net income* of $24.6 million or $0.62 per sha...  10/12/12 Buckeye Technologies Announces Release of 2012 Sustainability Report MEMPHIS, Tenn.--(BUSINESS WIRE)--Oct. 12, 2012-- Buckeye Technologies Inc. (NYSE:BKI) announced the release today of its 2012 Sustainability Report. This report (which summarizes calendar year 2011 results) highlights Buckeye’s continuing efforts to reduce fossil fuel usage, water usage, solid waste production, and air emissions. Buckeye has reduced greenhouse gas emissions which are generated by fossil fuels and purchased electricity by over 10% per...  10/10/12 Buckeye Technologies First Quarter 2013 Earnings Results Schedule MEMPHIS, Tenn.--(BUSINESS WIRE)--Oct. 10, 2012-- Buckeye Technologies Inc. (NYSE:BKI) has scheduled a conference call for Wednesday, October 24, 2012 at 10:00 a.m. Central (11:00 Eastern) to discuss first quarter 2013 results. All interested parties are invited to listen to the call live or tape delayed via the website www.streetevents.com or via the Company’s website homepage at www.bkitech.com. Supplemental material for this call wil...  09/05/12 Buckeye Technologies Chairman and CEO to Present at UBS Global Paper & Forest Products Conference MEMPHIS, Tenn.--(BUSINESS WIRE)--Sep. 5, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced that John B. Crowe, Chairman and Chief Executive Officer, will present at the UBS Global Paper & Forest Products Conference in New York City on Thursday, September 13, 2012, at 11:15 a.m. (ET). A live audio webcast of Mr. Crowe's remarks and a copy of presentation materials will be accessible at www.bkitech.com. To access the webcas...  08/24/12 Buckeye Announces New Board Member MEMPHIS, Tenn.--(BUSINESS WIRE)--Aug. 24, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced that Mr. Shannon A. Brown has been elected to serve as a member of the Company’s Board of Directors effective August 24, 2012. Mr. Brown is elected to serve the unexpired term of former Board member Kristopher J. Matula, who resigned from the Board on August 7. The election of Mr. Brown increases the number of independent Directors from seven to eigh...  08/08/12 Buckeye Announces Quarterly Dividend MEMPHIS, Tenn.--(BUSINESS WIRE)--Aug. 8, 2012-- Buckeye Technologies Inc. (NYSE:BKI) announced today that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.08 per common share payable on September 14, 2012 to shareholders of record as of the close of business on August 14, 2012. Buckeye, a leading manufacturer and marketer of specialty fibers and nonwoven materials, is headquartered in Memphis, Tennessee, U...  08/07/12 Buckeye’s Fourth Quarter and Fiscal Year 2012 Results Record sales and earnings for Fiscal Year 2012 Share repurchases totaled $33 million (3% of outstanding shares) for the year Adjusted 4Q EPS* of $0.66 compared to $0.68 in 4Q-FY11 Foley outage reduced 4Q EPS by $0.06 MEMPHIS, Tenn.--(BUSINESS WIRE)--Aug. 7, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced record sales and earnings for fiscal year 2012. Net sales for the year (adjusted to exclud...  07/26/12 Buckeye Announces Executive Restructuring and Promotions MEMPHIS, Tenn.--(BUSINESS WIRE)--Jul. 26, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced that it will restructure its executive management team in support of its previously announced decisions to close or sell several underperforming or non-core assets and in conjunction with the departure of its chief operating officer, which was announced separately. The Company’s Board of Directors has approved the following promotions ...  07/26/12 Buckeye Announces Resignation MEMPHIS, Tenn.--(BUSINESS WIRE)--Jul. 26, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today reported that President and Chief Operating Officer Kristopher J. Matula has announced his intent to resign from the Company effective August 31, 2012 to focus on other interests. Mr. Matula stated that he will resign from the Company’s Board of Directors on August 7, 2012. John B. Crowe, Chairman and CEO, commented, “Kris has made many signific...  07/18/12 Buckeye Technologies Fourth Quarter & Fiscal Year 2012 Earnings Results Schedule MEMPHIS, Tenn.--(BUSINESS WIRE)--Jul. 18, 2012-- Buckeye Technologies Inc. (NYSE:BKI) has scheduled a conference call for Wednesday, August 8, 2012 at 10:00 a.m. Central (11:00 Eastern) to discuss fourth quarter and fiscal year 2012 results. All interested parties are invited to listen to the call live or tape delayed via the website www.streetevents.com or via the Company’s website homepage at www.bkitech.com. Supplemental material fo...  07/12/12 Buckeye Technologies Ranked Second in Tennessee and Ninth in Southeast in GreenBusiness WORKS Southeastern Corporate Sustainability Rankings MEMPHIS, Tenn.--(BUSINESS WIRE)--Jul. 12, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced that the Company moved up three spots from last year on the Southeastern Corporate Sustainability Rankings to second place among Tennessee-based companies, behind FedEx Corporation and ranks ninth out of 243 Southeastern companies for leadership in sustainable practices. The 2012 GreenBusiness WORKS Southeastern Corporate Sustainability ...  07/05/12 Buckeye Florida Mill Back in Full Operation Fluff Pulp line returns to operation on July 4 Both Specialty and Fluff lines operating within normal production and quality ranges Root cause of failure identified and corrective action complete to prevent reoccurrence MEMPHIS, Tenn.--(BUSINESS WIRE)--Jul. 5, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced that its Florida wood cellulose manufacturing facility has returned to full operation. Both of ...  06/25/12 Buckeye Specialty Line Running; Fluff Line Restart Targeted for July 4 Specialty production line running at target rates Target July 4 restart of fluff production line Net of insurance recovery, earnings impact estimated at 5 to 10 cents per share MEMPHIS, Tenn.--(BUSINESS WIRE)--Jun. 25, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced it is targeting the restart of its fluff pulp line for July 4. The specialty pulp line has been up and s...  06/22/12 Buckeye to Restart Specialty Paper Machine at Florida Mill Plan to start up the specialty paper machine today Repairs have begun on fluff paper machine but it is too early to have a firm timeline MEMPHIS, Tenn.--(BUSINESS WIRE)--Jun. 22, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced that it has made the repairs on the #1 specialty pulp machine that was damaged on June 17, due to the significant failure of a steam drum on the #2 fluff pulp machine. Structural damage to the...  06/18/12 Buckeye Technologies Completes Sale of Cotton Linter Pulp Production Facility in Brazil MEMPHIS, Tenn.--(BUSINESS WIRE)--Jun. 18, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced that it has completed the sale of its Brazilian subsidiary Buckeye Americana Ltda. to Vicunha Participacoes S.A. Net cash proceeds from the sale were $6.4 million. The Company ceased production of cotton cellulose pulp at the Americana, Brazil facility in December 2011, but had continued to operate its waste water treatment facility for the shared in...  06/18/12 Buckeye’s Florida Plant Temporarily Closed Due to Dryer Drum Failure No Injuries Incurred; Investigation Begun to Determine Cause Plans Underway to Resume Production MEMPHIS, Tenn.--(BUSINESS WIRE)--Jun. 18, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced that on Sunday, June 17, Buckeye’s Florida wood cellulose fibers facility near Perry, Florida, experienced a significant failure of a steam drum on the number 2 paper machine causing damage to multiple drums and structural damage ...  05/22/12 Buckeye Technologies CEO to Participate in Stephens Spring Investment Conference MEMPHIS, Tenn.--(BUSINESS WIRE)--May. 22, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced that John Crowe, Chairman and Chief Executive Officer, will participate in the Stephens Spring Investment Conference in New York on Wednesday, June 6, 2012, at 9:00 a.m. (ET). A live audio webcast of Mr. Crowe’s remarks and a copy of presentation materials will be accessible at www.bkitech.com. To access the webcast, follow the link to...  05/18/12 Buckeye Earns Forestry Certifications MEMPHIS, Tenn.--(BUSINESS WIRE)--May. 18, 2012-- Buckeye Technologies Inc. (NYSE: BKI) announced today that Buckeye Florida has achieved forestry certifications from three internationally recognized organizations that promote responsibly managed forests: the Forest Stewardship Council™ (FSC), the Sustainable Forestry Initiative® (SFI), and the Programme for the Endorsement of Forest Certification (PEFC). The purpose of these certificat...  04/24/12 Buckeye Increases Quarterly Dividend MEMPHIS, Tenn., Apr 24, 2012 (BUSINESS WIRE) --Buckeye Technologies Inc. (NYSE:BKI) announced today that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.08 per common share payable on June 15, 2012 to shareholders of record as of the close of business on May 15, 2012. The quarterly dividend represents a 14% increase on the $0.07 per common share paid last quarter. Buckeye, a leading manufacturer and marketer of spec...  04/24/12 Buckeye's Third Quarter FY 2012 Results Adjusted 3Q EPS* of $0.67 compared to $0.71 in 3Q-FY11 Includes $0.04 impact from February power outage at Florida mill 3Q Net Sales down 9% due to plant closure, divestiture and lower volume Gross Margin of 24.3% - highest level in more than 11 years Quarterly Dividend increased by 14% to $0.08 per share MEMPHIS, Tenn., Apr 24, 2012 (BUSINESS WIRE) --Buckeye Technologies Inc. (NYSE:BKI) today ...  04/03/12 Buckeye Technologies Third Quarter 2012 Earnings Results Schedule MEMPHIS, Tenn.--(BUSINESS WIRE)--Apr. 3, 2012-- Buckeye Technologies Inc. (NYSE:BKI) has scheduled a conference call for Wednesday, April 25, 2012 at 10:00 a.m. Central (11:00 Eastern) to discuss third quarter 2012 results. All interested parties are invited to listen to the call live or tape delayed via the website www.streetevents.com or via the Company’s website homepage at www.bkitech.com. Supplemental material for this call will b...  02/21/12 Buckeye Technologies Florida Facility Resuming Operation Following Power Failure MEMPHIS, Tenn.--(BUSINESS WIRE)--Feb. 21, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced that its Foley Plant in Perry, Florida, which manufactures specialty wood cellulose and fluff pulp, is returning to normal operation following a power failure and electrical surge that occurred last Friday, February 17. The power failure was triggered by a malfunction in a high voltage electrical line and subsequent transformer failure in its power h...  02/16/12 Buckeye Technologies CEO to Participate in Credit Suisse Global Paper & Packaging Conference MEMPHIS, Tenn.--(BUSINESS WIRE)--Feb. 16, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced that John B. Crowe, Chairman and Chief Executive Officer, will participate in the Credit Suisse Global Paper & Packaging Conference in New York City on Wednesday, February 22, 2012, at 2:05 p.m. (ET). A live audio webcast of Mr. Crowe's remarks and a copy of presentation materials will be accessible at www.bkitech.com. To access th...  01/24/12 Buckeye’s Second Quarter FY 2012 Results 2Q Net sales up 8% versus Year-Ago Quarter Gross Margin of 24.0% up from 21.2% in Year Ago Quarter Adjusted 2Q EPS of $0.69 compared to $0.50 in 2Q-FY11 Announced Closure of Cotton Linter Pulp Production Line in Americana, Brazil Announced Sale of Non-Core King, N.C. Converting Business MEMPHIS, Tenn.--(BUSINESS WIRE)--Jan. 24, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced second quarter ...  01/24/12 Buckeye Increases Quarterly Dividend MEMPHIS, Tenn.--(BUSINESS WIRE)--Jan. 24, 2012-- Buckeye Technologies Inc. (NYSE: BKI) announced today that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.07 per common share payable on March 15, 2012 to shareholders of record as of the close of business on February 15, 2012. The quarterly dividend represents a 17% increase on the $0.06 per common share paid last quarter. Buckeye, a leading manufa...  01/18/12 Buckeye Announces Sale of Non-Core Merfin Systems Converting Business MEMPHIS, Tenn.--(BUSINESS WIRE)--Jan. 18, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced that it has signed a definitive agreement to sell the assets and ongoing operations of its Merfin Systems converting business to National Tissue Company, LLC. Merfin Systems, located in King, North Carolina, is a converter of towels, tissue and napkins which it sells along with proprietary paper product dispensers into the away from home market. It s...  01/12/12 Buckeye Announces Closure of Americana Cotton Linter Pulp Production Line Uncompetitive cost position necessitates closure Potential generation of a $20 million cash benefit Redeploy resources to higher return business opportunities Expect $2.4 million restructuring costs and non-cash impairment charge of $49 million MEMPHIS, Tenn.--(BUSINESS WIRE)--Jan. 12, 2012-- Buckeye Technologies Inc. (NYSE:BKI) today announced the closure of its Americana, Brazil cotton linter pulp production l...  01/09/12 Buckeye Technologies Second Quarter 2012 Earnings Results Schedule MEMPHIS, Tenn.--(BUSINESS WIRE)--Jan. 9, 2012-- Buckeye Technologies Inc. (NYSE:BKI) has scheduled a conference call for Wednesday, January 25, 2012 at 10:00 a.m. Central (11:00 Eastern) to discuss second quarter 2012 results. All interested parties are invited to listen to the call live or tape delayed via the website www.streetevents.com or via the Company’s website homepage at www.bkitech.com. Supplemental material for this call wil...