KapStone Paper and Packaging Corporation reported 5% increase of net sales and 3% growth of Adjusted EBITDA in 2Q2017 y-o-y. According to the announcement, the company’s net sales totaled USD 822.7 million generating USD 99.7 million of the Adjusted EBITDA (12.1% margin) in the period.
In January-June 2017 period the company’s net sales accounted for USD 1,588.6 million, generatign USD 180.5 million Adjusted EBITDA.
Matthew Kaplan, President and Chief Executive Officer, commented:
“KapStone’s operations performed better in the second quarter with our mills producing 688,000 tons of paper, or nearly three percent more than 2016, despite the loss from an unplanned mill outage. Demand for our products is strong, and we have been able to successfully implement price increases in the majority of our product lines. Product mix continues to improve as we rely less on exports with our growing domestic demand.”
In 1Q2017 KapStone Paper and Packaging Corporation decreased EBITDA margin to 10.6%.
Earlier the company declared a regular quarterly dividend payable on July 12, 2017.
About KapStone Paper and Packaging:
The company is fifth largest producer of containerboard and corrugated packaging products and is the largest kraft paper producer in the United States. The company has four paper mills, 21 converting plants and 65 distribution centers. Its annual revenues exceed USD 3 billion, the company employs approximately 6,200 people.