KapStone Paper and Packaging Corporation reported results for the 1Q ended March 31, 2018. Consolidated net sales of $799 million in the 1Q 2018 increased by $33 million, or 4% compared to $766 million for the 1Q 2017. The increase in net sales is primarily due to higher prices, partially offset by lower sales volume.

包装纸&板

KapStone Paper and Packaging’s 1Q net sales increased by 4% to $799 million

KapStone Paper and Packaging Corporation reported results for the 1Q ended March 31, 2018. Consolidated net sales of $799 million in the 1Q 2018 increased by $33 million, or 4% compared to $766 million for the 1Q 2017. The increase in net sales is primarily due to higher prices, partially offset by lower sales volume, as the company says in the press release received by Lesprom Network.

The Company sold 662,000 tons of paper during the 1Q 2018 compared to 699,000 tons a year earlier. Volume was lower in the current quarter as mill production was limited due to a boiler upgrade at the Charleston mill which reduced production by approximately 26,000 tons.

Net income of $33 million for the 1Q 2018 increased by $27 million, or 446%, compared to the 1Q 2017.

Matt Kaplan, President and CEO, stated, "Our 1Q results continued the positive momentum we built in the latter half of 2017. Demand for containerboard, corrugated boxes, and kraft paper is strong. We announced a $50 per ton containerboard price increase effective with shipments in mid-March. In addition, we completed a rebuild of one of our boilers at the North Charleston mill which should provide for greater reliability and more efficient operations.”

KapStone Paper and Packaging Corporation is the fifth largest producer of containerboard and corrugated packaging products and is the largest kraft paper producer in the United States.