Adjusted earnings before tax, depreciation and amortization (EBITDA) was negative $19.2 million , and adjusted EBITDA before specific items was positive $9.7 million , compared to adjusted EBITDA of $14 million and adjusted EBITDA before restructuring costs and specific items of $14.6 million in the 1Q 2015.
The company recorded a net loss of $32.4 million and a net loss before specific items of $13.8 million in 2Q, compared to net earnings of $22.2 million, and a net loss before specific items of $12.6 million in the previous quarter.
"Without the impact of these major one-time items, our results reflect a continued focus on performance improvement, led by our Canadian operations which have benefited from earlier implementation of operational excellence strategies," said Joe Nemeth , President & CEO. "We anticipate that with the majority of our U.S. investments and integration costs behind us, our U.S. operations will follow the Canadian template for performance improvement. These investments, combined with our product mix improvements, and seasonally stronger sales in the third and fourth quarters, positions the company to deliver significantly improved financial results in the second half of 2015."
Catalyst Paper manufactures diverse printing papers such as coated freesheet, coated and uncoated groundwood, newsprint, directory, as well as market pulp.
