For additional information about this release, please contact:
Carrie Doyle (investors)
Copyright © 2000-2001 Smurfit-Stone Container Corporation
Smurfit-Stone Container Corporation Projects 1st Quarter Earnings Will Fall Short of Consensus
March 14, 2001 Smurfit-Stone Container Corporation (Nasdaq:
SSCC) reported today that earnings per share for the first quarter of
2001 will fall significantly below the First Call consensus of $.15 earnings
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.
This press release contains statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in general economic conditions, continued pricing pressures in key product lines, seasonality and higher recycled fiber costs, as well as other risks and uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings.