Net earnings determined in accordance with generally accepted accounting principles, or GAAP, for the 4Q 2015 were $11.6 million, compared to a net loss of $27.2 million for 4Q 2014.
Earnings before interest, taxes, depreciation and amortization, or EBITDA, was $58.2 million for the 4Q 2015.
4Q 2015 Adjusted EBITDA of $58.9 million was up 8% compared to 4Q 2014 Adjusted EBITDA of $54.5 million.
“We delivered solid performance in 2015 with $211 million of Adjusted EBITDA,” said Linda Massman, president and CEO. “These results were achieved by aggressively managing costs and driving operational efficiencies throughout our manufacturing and distribution network, in a year that included planned major maintenance and no sales from the specialty mills."
“Our 2016 priorities are a continued focus on optimizing efficiency in the tissue business and expanding our customer mix for paperboard while leveraging our investments to improve operations, investing in our team and exceeding customer expectations,” said Massman.
Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, parent roll tissue, bleached paperboard and pulp.
