Solo Cup posts profit for fourth consecutive quarter
By Don Dodson
Thursday May 15, 2008
URBANA – Solo Cup Co.'s sales are down and interest expense on debt remains high – but the company has reason to be happy. It showed a profit for the first quarter of 2008 – its fourth straight quarter of profitability after four years of losses.
In reporting the results Tuesday, President Robert M. Korzenski said Solo is benefiting from performance improvement initiatives. He cited "meaningful improvements" in manufacturing and distribution.
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