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UPDATE 1-RockTenn Q2 profit more than doubles

Mon Apr 27, 2009 5:33pm EDT

Stocks

   

* Q2 adj EPS $1.02

* Q2 rev $676.3 mln vs $685.9 mln last year

* Shares rise 3 pct

April 27 (Reuters) - U.S. packaging products maker RockTenn Co's (RKT.N) quarterly profit more than doubled as an acquisition boosted sales at its corrugated packaging segment.

For the second quarter ended March 31, the company posted earnings of $37.4 million, or 97 cents a share, compared with $17.1 million, or 45 cents a share, a year earlier.

Excluding acquisition and restructuring charges, the company earned $1.02 a share. Revenue stood at $676.3 million in the quarter.

Sales at its corrugated packaging segment surged 58 percent to $176.5 million, helped by the company's acquisition of Southern Container in March of last year.

Shares of the company were up 3 percent at $34 in trading after the bell. They closed at $33 Monday on the New York Stock Exchange.

For alerts, double click [ID:nWNAB8767] (Reporting by Amulya Nagaraj in Bangalore; Editing by Deepak Kannan)



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