Mohawk Fine Papers, Inc., North America’s largest privately-owned manufacturer of fine papers, envelopes and specialty materials for commercial and digital printing, is pleased to announce that Chris Harrold, Mohawk’s Senior Vice President, Marketing and Creative, will be a recipient of a 2018 Franklin Luminaire Award. The award, which recognizes exceptional professionals for their positive contribution and service within the media and graphic communications industry, will be presented at the annual Franklin Luminaire Awards event held this evening in New York City. This event provides an opportunity to recognize the contributions of incredibly talented and dedicated individuals, such as Chris Harrold. The award is the “Hall of Fame” for the industry, with over 250 professionals recognized since 1971. Click read more below for additional detail.
EBITDA(1) of $280 million and Net Earnings of $112 million in 2018
NCIB Purchases of 2.3 million Shares for $37 million in 2018
Net Debt to Invested Capital(1) of 6%
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) recorded net earnings of $111.7 million, or $1.60 per share, in 2018, compared to $97.2 million, or $1.39 per share in 2017. Adjusted EBITDA was $280.4 million on record annual sales of $2.2 billion.
Interfor recorded a net loss in Q4’18 of $13.2 million, or $0.19 per share, compared to net earnings of $28.1 million, or $0.40 per share in Q3’18 and $36.2 million, or $0.52 per share in Q4’17. Adjusted net loss in Q4’18 was $19.8 million compared to Adjusted net earnings of $28.2 million in Q3’18 and $45.1 million in Q4’17.
Adjusted EBITDA was $6.2 million on sales of $468.5 million in Q4’18 versus $69.4 million on sales of $570.5 million in Q3’18.
details at: http://www.interfor.com/sites/default/files/docs/reports/Press%20Release%20Q4%2718%20SEDAR.pdf