On a continuing operations basis, adjusted EBITDA and adjusted EBITDA margin for the 4Q 2014 and 2013 were $14.9 million, or 16.6%, and $11.6 million, or 12.7%, respectively. While the total volume of cases shipped decreased quarter-over-quarter, strategic mix of products shipped improved and efficiencies were gained in operations.
On a full-year basis, adjusted EBITDA and adjusted EBITDA margin was $44.2 million, or 12.6%, compared to $36.9 million, or 10.6%, in 2013.
Michael C. Burandt, CEO, commented: “We expect our 1Q shipment growth to be in the range of 3% to 4% over the prior year 1Q, but lower than our 4Q case volume shipments reflecting historical 1Q demand seasonality. Additionally, the July 1, 2014, price increase that contributed to 4Q results is also expected to provide year-over-year benefit in the 1Q 2015 that will offset anticipated fiber and other input cost increases.
“Our focus remains on operating performance improvement in the 1Q and throughout 2015. Considering all factors influencing our financial performance, we expect adjusted EBITDA to range between $10 and $11 million for the 1Q 2015, compared to adjusted EBITDA of $5.6 million in the 1Q 2014.”
Wausau Paper produces and markets a complete line of away-from-home towel and tissue products, as well as soap and dispensing systems.
