Global packaging solutions company MeadWestvaco reported third quarter 2008 income from continuing operations of $46 million. Sales from continuing operations increased 8 percent to $1.81 billion in the third quarter of 2008 compared to $1.68 billion in the third quarter of 2007.
"We are focused on the elements of our business plan that we can control -- growth initiatives, commercial success, price recovery, productivity and cash generation,” said John A. Luke, Jr., chairman and chief executive officer.
“Even as we adjust to the emerging economic and market realities, we have confidence in the fundamental strength of our company, our global packaging markets and in the long-term profitable growth strategies we are implementing to capture those opportunities to continue to deliver shareholder value."