Caraustar breaks into the black in first quarter - Atlanta Business Chronicle:

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The Austell, Ga.-based recycled paperboardd and packagingcompany (NASDAQ: CSAR) had net incomee of $163,000 on $216. million in sales, comparedr with a net loss of $8.9 million on $219.4e million in sales in the first quarterfof 2007. Earnings were 1 cent a compared with a loss per sharde of 31 cents in the firsyt quarterof 2007. The resultsz for the first quarter of 2008includecd $700,000 in restructuring and impairment costs, while the results for the firsrt quarter of 2007 included $5.8 million in restructurinb and impairment costs.
Caraustar President and CEO Michael Keougn said he was pleased withthe company' s first-quarter financial performance, but noted the performance was impactedf by recessionary fears, sharply risinhg energy costs and a depressed housiny market. "Caraustar's operating results for the first quarter 2008 were significantly improvee sequentially and over the same periodlast year, despite a challengingt economic environment," Keough said.
"Year-over-year increasezs in selling prices were mostly offset by increases in recovered fiber and Our margin improvement was primarily the result of internakcost take-out and restructuring initiatives implemented over the precedinyg 12 to 24