Champion Reports Bigger Loss on Lower Revenues in Third Quarter

Marshall T. Reynolds, Chairman of the Board and CEO of Champion, said, "Our year-to-date and third quarter income reflected a strong improvement over the prior year on a pro forma basis adjusting for the restructuring related charges. Our second quarter and year to date results were negatively impacted by costs related to the successful defense of a legal action and would have been even stronger without this event. Our third quarter was focused on continued implementation of our plant rationalization plan and a continued review of our operating cost structure."