comparemela.com


$       (144)
Comments to Results of Operations - Comparison of Three Months Ended March 31, 2021 to Three Months Ended March 31, 2020
Net sales 
Net sales for the three months ended March 31, 2021 decreased $189 million compared to the three months ended March 31, 2020, as a result of significant declines in sales volume and unfavorable price/mix. Of the $189 million, or 40%, net sales decline, $59 million, or 13%, was a result of the sale of our Androscoggin and Stevens Point mills in February 2020, and $33 million, or 7%, was attributable to the indefinite idling of our Duluth Mill in July 2020. The remaining $97 million was a combination of market declines and the idling of our Wisconsin Rapids Mill. Total company sales volume was down from 554 thousand tons during the three months ended March 31, 2020, to 339 thousand tons during the same period of the current year. Of the 215 thousand ton volume decline, 59 thousand tons were a result of the sale of our Androscoggin and Stevens Point mills in February 2020, 54 thousand tons were attributable to the indefinite idling of our Duluth Mill in July 2020, and the additional decline in volume resulted from lower customer demand and the idling of our Wisconsin Rapids Mill.

Related Keywords

Ohio ,United States ,Miamisburg ,Canada ,American ,Randy Nebel ,Verso Androscoggin ,Verso Corporation ,Verso President ,Chief Executive Officer Randy ,Three Months Ended March ,Stevens Point ,Duluth Mill ,Wisconsin Rapids ,Wisconsin Rapids Mill ,Luke Mill ,American Rescue Plan Act ,Financial Information ,Net Income ,Generally Accepted Accounting Principles ,Stevens Point Mills ,Androscoggin Mill ,ஓஹியோ ,ஒன்றுபட்டது மாநிலங்களில் ,மியாமிஸ்பர்க் ,கனடா ,அமெரிக்கன் ,ரேண்டி நேபெல் ,வ்ஸோ ஆண்ட்ரோஸ்கோகின் ,வ்ஸோ நிறுவனம் ,வ்ஸோ ப்ரெஸிடெஂட் ,தலைமை நிர்வாகி அதிகாரி ரேண்டி ,ஸ்டீவன்ஸ் பாயஂட் ,துளுத் ஆலை ,விஸ்கான்சின் ரேபிட்கள் ,விஸ்கான்சின் ரேபிட்கள் ஆலை ,லூக் ஆலை ,அமெரிக்கன் மீட்பு திட்டம் நாடகம் ,நிதி தகவல் ,நிகர வருமானம் ,ஸ்டீவன்ஸ் பாயஂட் ஆலைகள் ,ஆண்ட்ரோஸ்கோகின் ஆலை ,

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.