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MWV Reports Second Quarter 2008 Results (Business Wire)

Thursday July 24, 7:30 am ET Total Sales Outside North America Up 15 Percent Driven by Emerging Markets Growth of 19 Percent RICHMOND, Va.--(BUSINESS WIRE)--MeadWestvaco Corporation (NYSE:MWV - News ) today reported second quarter 2008 income from continuing operations of $58 million, or $0.34 per share. Included in the results from continuing operations are after-tax restructuring charges of $6 million, or $0.03 per share, primarily related to employee separation costs and facility closures, and an after-tax gain of $9 million, or $0.05 per share, related to a sale of corporate real estate. Sales from continuing operations increased 8 percent to $1.71 billion in the second quarter of 2008 compared to sales from continuing operations of $1.58 billion in the second quarter of 2007. MWV generated solid top-line growth driven by... [read full story]                    

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