TIS reports strong fourth quarter financial results.
The company did mention that they were seeing some weakness in their parent roll division. The parent roll business comprised approximately 17% their total 2008 sales and 13% of their fourth quarter 2008 sales. As a result they will be shutting down production on some older parent roll machines. The company believes this down time will not occur for a significant amount of time.
The GeoTeam® will participate in the conference call at 11:00 AM EST on February 26, 2009 and attempt to get some insight into the significance of the parent roll situation. The GeoTeam® believes that the affect on the business will be minimal as the parent roll margins are less than the converted roll margins.
April 1998
December 31
~330
Paper & Paper Products
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