Aug 06, 2014. /Lesprom Network/. NewPage Holdings Inc. announced its results of operations for the 2Q 2014. Net sales in the 2Q 2014 were $733 million compared to $720 million in the 2Q 2013. Net sales improved due to higher sales volume of paper partially offset by lower paper prices. Paper pricing is impacted by lower industry demand. Paper sales volume totaled 811,000 tons and 783,000 tons for the second quarter of 2014 and 2013. Average paper prices were $885 per ton and $892 per ton in the 2Q 2014 and 2013, as the company said in the press release received by Lesprom Network.

For the 2Q 2014, net loss was $30 million compared to a net loss of $13 million in the 2Q 2013. The increase in net loss was the result of higher input costs of $20 million driven by the continuing effects of extreme weather-related factors through April 2014 and lower paper prices, partially offset by lower non-cash stock compensation expense, lower pension expense, cost reduction initiatives and other general and administrative expenses.

Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization as further adjusted as shown in the attached reconciliation) was $43 million in the 2Q 2014 compared to $50 million in 2Q 2013.

NewPage is a leading producer of printing and specialty papers in North America. NewPage owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. These mills have a total annual production capacity of approximately 3.5 million tons of paper.