Orchids Paper Products Company reports 1Q net sales of $47.7 million

市場: 棉纸
发表了 四月 29, 2016
Apr 29, 2016. /Lesprom Network/. Orchids Paper Products Company reported results for the 1Q 2016, which included record net sales and Adjusted EBITDA of $47.7 million and $11.6 million, respectively, exceeding the previous records of$46.8 million and $10.2 million, respectively, set in the 3Q 2015.

Jeff Schoen, President and CEO, stated, "I am extremely pleased that, after achieving an approximate 20% improvement in sales and Adjusted EBITDA in 2015, we have continued to grow significantly in 2016, with a very strong performance in the 1Q. This success is, in part, due to several of the strategic projects we have undertaken over the past couple of years to improve quality, increase efficiencies, increase capacity and reduce overall costs, as well as new product development efforts and our partnership with Fabrica. As we look forward into 2016, we will continue to make improvements in quality and cost although the normal headwinds associated with the start-up of our South Carolina facility could affect earnings for several quarters. Additionally, we exceeded our 20,000 ton annual limit under the Fabrica supply agreement in March. As a result, until the contract resets on June 1, we will share margins under the terms of the contract, which we expect will reduce our earnings in the second quarter by approximately $1 million compared to the 1Q."

Orchids Paper Products Company is a customer-focused, national supplier of high quality consumer tissue products primarily serving the at home private label consumer market.

+7 499 6535608
Ordzhonikidze, 11 109028 莫斯科, 俄國


主題: 财务

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