Mar 07, 2014. /Lesprom Network/. Verso Paper's net sales for the 4Q 2013 decreased $10.6 million, or 2.9%, compared to the 4Q 2012, reflecting a 2.1% decline in sales volume and a 0.9% decrease in average price per ton. Pulp prices were higher while coated paper prices declined. Verso's gross margin was 17.9% for the 4Q 2013 compared to 14.1% for the 4Q 2012, reflecting lower input prices, including the effects of energy hedge benefits, as the company said in the press release received by Lesprom Network.

Adjusted EBITDA before pro forma effects of profitability program of $36.6 million in the 4Q 2013, compared to $41.1 million in the 4Q 2012.

"Our pulp and specialty papers segments finished 2013 with strong volumes and pricing," said David Paterson, President and CEO of Verso. "Volumes and prices in our major coated paper grades came under pressure at year end, and these pressures have continued into 2014. These market conditions along with weather-related impacts on our operations and energy costs may cause our 1Q 2014 results to be significantly below last year's 1Q.

"Verso remains focused on safety, our R-Gap process and cash management as we move through the 1Q 2014."

Net sales for 2013 decreased 5.8% to $1,388.9 million from $1,474.6 million in 2012, due to a 6.1% decline in total sales volume, and the average sales price for all of its products remained flat in 2013 compared to 2012.

Verso Paper Corp. is a leading North American producer of coated papers, including coated groundwood and coated freesheet, and specialty products. Verso is headquartered in Memphis, Tennessee, and owns three paper mills located in Maine and Michigan.