SSCQ had net income attributable to common stockholders of $65 million, or $0.25 per diluted share, for the third quarter of 2009 compared to net income of $62 million, or $0.24 per diluted share, for the third quarter of 2008. The third quarter of 2009 results benefited from the alternative fuel tax credit income of $179 million, but negatively impacted by reorganization items of $16 million and lower segment operating profits of $40 million. The third quarter of 2008 results benefited $84 million from the resolution of certain Canadian income tax examination matters. While sales volumes and average selling prices for containerboard and corrugated containers were lower for the third quarter of 2009, results benefited from lower costs compared to 2008.
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Smurfit-Stone Container Corporation is one of the industry's leading integrated containerboard and corrugated packaging producers and one of the world's largest paper recyclers. The company is a member of the Sustainable Forestry Initiative® and the Chicago Climate Exchange. Smurfit-Stone generated revenue of $7.04 billion in 2008; has led the industry in safety every year since 2001; and conducts its business in compliance with the environmental, health, and safety principles of the American Forest & Paper Association.
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