Aug 09, 2013. /Lesprom Network/. NewPage Holdings Inc. reported its financial results for the 2Q 2013. Net sales in the 2Q 2013 were $720 million compared to $759 million in the 2Q 2012. The decrease was primarily the result of lower sales volume and lower average paper prices, partially offset by improved mix, as the company said in the press release received by Lesprom Network.

Net loss in the 2Q 2013 was $13 million compared to net income of $84 million in the 2Q 2012. The change in results was driven by bankruptcy-related items in the prior-year quarter, primarily associated with the reversal of $115 million of interest expense on the pre-petition debt.

Adjusted EBITDA was $50 million in the 2Q 2013 compared to $57 million in the 2Q 2012.

"The results for the 2Q and first half of the year were in line with our expectations. Lower costs offset the impact of weak North American demand and lower pricing for our coated paper products," said George F. Martin, president and CEO for NewPage. "We continue to align our product offerings to meet the changing needs of our customers and believe we are well positioned for the current competitive environment, with a highly efficient cost structure and a flexible, strategically placed mill platform."

NewPage is a leading producer of printing and specialty papers in North America. NewPage is headquartered in Miamisburg, Ohio, and 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.