May 10, 2014. /Lesprom Network/. NewPage Holdings Inc. announced its results of operations for the 1Q 2014. Net sales in the 1Q 2014 were $757 million compared to $756 million in the 1Q 2013. Net sales were primarily affected by lower paper prices, reflecting lower industry demand, offset by higher sales volume of paper. Paper sales volume totaled 842,000 tons and 826,000 tons for the 1Q 2014 and 2013. Average paper prices were $878 per ton and $887 per ton in the 1Q 2014 and 2013, as the company said in the press release received by Lesprom Network.

For the 1Q 2014, net loss was $71 million compared to a net loss of $11 million in the 1Q 2013. The decrease was the result of charges associated with our debt refinancing of $34 million in February 2014 and higher input costs of $29 million driven by extreme weather-related factors, partially offset by lower non-cash stock compensation expense 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 $25 million in the 1Q 2014 compared to $61 million in 1Q 2013.

NewPage ended the 1Q with total liquidity of $272 million, consisting of $263 million of availability under the revolving credit facility and $9 million of available cash and cash equivalents.

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.