Wednesday, MeadWestvaco Corp. (MWV) reported fourth-quarter net income of $51 million or $0.29 per share, compared to a loss of $16 million or $0.09 per share in the same quarter last year. The results for the quarter include net favorable after-tax items totaling $13 million, or $0.07 per share.
On an adjusted basis, net income was $0.22 per share, compared to net income of $0.10 per share in the prior year quarter.
On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.23 per share for the quarter. Analysts' estimates typically exclude special items.
Sales for the quarter were $1.64 billion, compared to $1.60 billion in the comparable quarter last year. Sales increased two percent as favorable foreign currency exchange was partially offset by lower volumes. Analysts expected the company to report revenue of $1.52 billion for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.