WhatTheyThink

Georgia-Pacific Expects First Quarter 2004 Net Income Above Estimates

Press release from the issuing company

ATLANTA, April 14 -- Georgia-Pacific Corp. today said that it expects first quarter 2004 net income of approximately 60 cents diluted earnings per share, excluding $26 million (6 cents diluted loss per share) for previously announced expenses related to early redemption of debt. The company said its first quarter 2004 results were positively impacted by strong performance in its building products businesses. "Results in our building products businesses remained exceptionally strong during the first quarter," said A.D. "Pete" Correll, Georgia-Pacific chairman and chief executive officer. "Given the first quarter's results, we are very encouraged about our full year as well." Georgia-Pacific will issue its first quarter 2004 earnings report April 29, prior to market opening.