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Buckeye Technologies Inc.
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Memphis, Tennessee, USA, 12 October 2007 --(BUSINESS WIRE)-- Buckeye Technologies Inc. (NYSE:BKI) today announced that it expects its profitability for the July-September quarter to be in the range of 32-35 cents per share including a USD 2.2 million (6 cents per share) one-time favorable tax help related to the recently enacted reduction in Germany's corporate tax rate.

John B. Crowe, chairman and chief executive officer, said, "Our first quarter net sales were up 3% compared to the same period last year. The earnings improvement is a combination of higher prices, better mix and cost control. Excluding the one-time tax help (6 cents per share), operating earnings are anticipated to be in the range of 26-29 cents per share. Operating earnings performance improved over the April-June quarter even with lower sales volume due to scheduled maintenance during the just completed quarter. Demand for our specialty wood and cotton products, nonwoven materials, and fluff pulp was strong in the quarter. Nonwovens shipments were especially strong with net sales up 10% compared to the same period last year."

Buckeye plans to announce July-September results on 22 October 2007, and has scheduled a conference call at 3:00 p.m. EDT, 23 October 2007, to discuss first quarter performance.

Buckeye, a leading manufacturer and marketer of specialty fibers and nonwoven materials, is headquartered in Memphis, Tennessee, USA. The company currently operates facilities in the United States, Germany, Canada, and Brazil. Its products are sold worldwide to makers of consumer and industrial goods.


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