MeadWestvaco Q2 Profit Up - Quick Facts

(RTTNews) - Meadwestvaco Corp (MWV), a packaging and packaging solutions provider, said its second-quarter 2014 income from continuing operations attributable to the company grew to $73 million or $0.43 per share, from $52 million or $0.28 per share, a year ago.

Excluding special items, quarterly income from continuing operations attributable to the company was $91 million or $0.53 per share in the second quarter of 2014. On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $0.50 per share for the quarter. Analysts' estimates typically exclude special items.

For the tri-monthly period, net sales of $1.47 billion, were up 6% from gains across targeted packaging and specialty chemicals markets, compared with last year's $1.39 billion, while 9 analysts estimated revenues of $1.45 billion.

Looking ahead to the third quarter of 2014, earnings before items are expected to be above year-ago levels on a continuing operations basis.