Wausau Paper reports 8.6% increase in 1Q net sales
Driven primarily by the strong volume of products shipped, measured in cases, of nearly 7% and an improved mix of products sold to customers, Wausau Paper’s 1Q 2015 net sales increased by 8.6% to $84.2 million in 2015, compared to the $77.5 million reported for the 1Q 2014.
ByLesprom Network
May 22, 2015. /Lesprom Network/. Driven primarily by the strong volume of products shipped, measured in
cases, of nearly 7% and an improved mix of products sold to customers, Wausau
Paper’s 1Q 2015 net sales increased by 8.6% to $84.2 million in 2015, compared
to the $77.5 million reported for the 1Q 2014. The first quarter of the year is
historically the weakest quarter from a net sales and shipment perspective due
to the seasonality of the away-from-home market. Net sales in the 4Q 2014 were
$89.9 million, as the company said in the press release received by Lesprom
Network.
1Q adjusted EBITDA was $10.1 million in 2015 compared to adjusted EBITDA
of $5.6 million in the same period of 2014.
Michael C. Burandt, CEO, commented, “We’re pleased with the significant
improvement in our operating results year-over-year and the positive influence
of our Margin Enhancement Initiative (“MEI”) during the 1Q, historically our
seasonally weakest of the year. The strong performance of our ATMOS-based
DublNature and Artisan products and the response of our MEI teams to uncover
and implement cost reduction projects and to drive margin improvement give us
great confidence in achieving our targeted run rate EBITDA improvement of $30
million by the end of June 2016. Further, we fully expect to achieve a roughly
$18 million run rate of improvement as an interim mark along this path by the
end of 2015.”
Wausau Paper produces and markets a complete line of away-from-home
towel and tissue products, is headquartered in Mosinee, Wisconsin.
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