According to the October 2017 Printing-Writing Monthly report from the American Forest & Paper Association, total printing-writing paper shipments decreased seven percent in October compared to October 2016. Shipments of uncoated free sheet managed a year-over-year increase but this was more than offset by decreases in the remaining three major printing-writing grades. U.S. purchases of printing-writing papers also decreased, down nine percent in October. Total printing-writing paper inventory levels decreased nine percent from September 2017. •October uncoated free sheet (UFS) paper shipments increased year-over-year for the second time this year. Imports of UFS decreased by 12 percent year-over-year in September – the fourth consecutive decrease of 12 percent or more. Meanwhile, exports of UFS papers continue to climb, up 26 percent year-over-year in September, the fifth consecutive increase of 17 percent or higher. •Recent mill shuts leave coated free sheet (CFS) paper shipments down year-over-year. This is a significant change from last month’s peak for the year, as two recent mill shuts factor in to the decline this month. U.S. imports of CFS papers decreased 17 percent year-over-year in September, the third consecutive year-over-year decline. Meanwhile, exports of CFS papers increased 4 percent year-over-year in September, the seventh increase in the past nine months. •Coated mechanical (CM) paper shipments declined year-over-year in October for the fifth consecutive month. Imports of CM increased in September, up 23 percent compared to September 2016. Exports of CM decreased, down 9 percent in September to 24,200 tons – the lowest level in more than five years. •Shipments of uncoated mechanical (UM) papers have declined year-over-year in every month when compared to the same month in 2016. Imports of UM decreased 13 percent year-over-year in September and exports of UM decreased 4 percent year-over-year in September.
Appvion’s 2016 operating income improved to $23.5 million from $10.5 million in 2015 as aggressive cost reductions combined with sales and volume growth and improved prices for its thermal products more than offset lower prices and shipment volume for its carbonless papers.
Appvion’s fourth quarter 2016 net sales of $167.1 million were $2.3 million lower than fourth quarter 2015. Thermal papers net sales were $101.1 million which was $5.3 million higher than fourth quarter 2015. Carbonless papers net sales of $66.0 million declined $7.6 million compared to fourth quarter 2015.
Current quarter shipments of thermal papers gained more than 4% in fourth quarter 2016 compared to fourth quarter 2015. Shipments of tag, label and entertainment papers (TLE) were nearly 8% higher than in fourth quarter 2015, while shipments of receipt paper were essentially flat in fourth quarter 2016 compared to the same period in 2015.
Carbonless papers shipment volume in fourth quarter 2016 was approximately 5% lower than fourth quarter 2015. Specialty papers continued its strong growth with a volume increase of nearly 10% compared to fourth quarter 2015. Sequentially, carbonless volume was flat in fourth quarter 2016 compared to third quarter 2016.
Appvion recorded fourth quarter 2016 operating income of $6.7 million compared to operating income of $3.5 million for fourth quarter 2015. Current quarter operating income was positively impacted by the continued improvements in manufacturing, lower selling, general and administrative (SG&A) expenses and a $4.4 million mark-to-market favorable variance associated with the Company’s retiree benefit plans compared to the same period last year. These favorable variances were partially offset by lower total volume, price, and product mix. In addition, the current quarter included $2.4 million in fees for advisory services supporting continuous profit improvement.
Appvion’s net sales for full-year 2016 were $690.4 million; $9.7 million lower than 2015. Thermal papers 2016 shipment volume was approximately 6% higher than for 2015 with TLE volume increasing nearly 11% while receipt paper volume declined less than 1%. Full-year shipment volume for carbonless papers declined approximately 10% compared to 2015. Despite overall volume decline for the segment, specialty papers volume grew more than 13% compared to last year.
more detail at: http://www.prnewswire.com/news-releases/appvion-reports-fourth-quarter-and-full-year-2016-results-300422895.html