smurfit stone container 3Q07_Release_EN

Smurfit-Stone Container Corporation reported improved financial results in the third quarter of 2007 compared to the previous quarter: - Adjusted net income nearly doubled from the second quarter, reaching $28 million. - Strategic initiatives led to $18 million in quarterly benefits from cost reductions. - Debt was reduced by $328 million through the sale of the Brewton, Alabama mill. While earnings are expected to decrease in the fourth quarter due to seasonal factors, management expects ongoing benefits from strategic cost cutting initiatives and capital investments to drive continued margin improvements.