Adjusted EBITDA and adjusted EBITDA before restructuring costs were $16.4 million in 3Q compared to adjusted EBITDA of negative $0.6 million and adjusted EBITDA before restructuring costs of negative $0.5 million in the 2Q 2013.
Sales in the quarter were $268.8 million, up 2% compared to $263.4 million in the 2Q and up 1.2% compared with 3Q 2012.
"Machine productivity improved in the third quarter, led by pulp operations," said Joe Nemeth, Catalyst president and CEO who took office October 1st . "Operational excellence is our focus with safety, productivity and costs being the top priorities, now and looking to the year ahead.
Looking to the coming year, manufacturing will continue to focus on operational excellence through improved safety, productivity and reduced costs, while sales and marketing continues to drive our move to higher value, lightweight niche products. "
Catalyst Paper manufactures diverse specialty mechanical printing papers, newsprint and pulp. Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With three mills, located in British Columbia, Catalyst has a combined annual production capacity of 1.5 million tonnes.
