Buckeye's first quarter FY 2012 results
Buckeye Technologies Inc. recently announced first quarter adjusted net income of $29.9 million or $0.74 per share, which excludes net income of $11.2 million or $0.28 per share from cellulosic biofuel credits generated in 2009. Adjusted net income rose 118 percent as compared to the prior year period's $13.7 million or $0.34 per share, which excluded net income of $51.3 million or $1.26 per share from cellulosic biofuel credits generated in 2009.
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