For additional information about this release, please contact:
Carrie Doyle (investors)
Copyright © 2000-2001 Smurfit-Stone Container Corporation
Smurfit-Stone Reports Segment Results For 2000
CHICAGO, February 13, 2001 Smurfit-Stone Container Corporation (Nasdaq: SSCC) announced today the financial results of its three operating segments for 2000. This segment data is a breakdown of the overall financial results previously released by the company, and reflects the reorganization of the segments. In addition, these results reflect a change in the treatment of shipping and handling fees and costs. Previously, the company recognized shipping and handling costs as a reduction to net sales. The Emerging Issues Task Force (EITF 00-10) now requires shipping and handling costs to be included in costs of goods sold.
Smurfit-Stone Container Corporation is the premier manufacturer of paper- and paperboard-based packaging. Smurfit-Stone holds industry-leading positions in the production of containerboard (including white-top linerboard and recycled medium), corrugated containers, industrial bags, and clay-coated recycled boxboard; and is the worlds largest paper recycler. In addition, Smurfit-Stone is a leading producer of folding cartons, solid bleached sulfate, paper tubes and cores, and labels. The company operates more than 300 facilities worldwide and employs approximately 40,000 people.