Adjusted earnings before tax, depreciation and amortization (EBITDA) in the 3Q was $38.8 million and adjusted EBITDA before specific items was $39.4 million compared to adjusted EBITDA of negative $19.2 million and adjusted EBITDA before specific items of $9.7 million in the 2Q 2015.
In the 3Q, the company recorded a net loss of $12.9 million (primarily due to a foreign exchange loss on the translation of U.S. denominated debt) and net earnings of $6.6 million before specific items. This compares to a net loss of $32.4 million and a net loss of $13.8 million before specific items in the 2Q. Free cash flow generated in the 3Q was $23.4 million and the liquidity available at the end of the 3Q was $86.2 million.
"We are pleased with the progress we made in the third quarter," said Joe Nemeth, President & CEO. "We believe our results are a concrete step towards delivering positive, sustainable earnings levels."
Catalyst Paper manufactures diverse printing papers such as coated freesheet, C1S, coated and uncoated groundwood, newsprint, directory, as well as market pulp.
