Adjusted earnings before tax, depreciation and amortization (EBITDA) was negative $19.2 million, and adjusted EBITDA before specific items was positive $9.7 million, compared to adjusted EBITDA of $14.0 million and adjusted EBITDA before restructuring costs and specific items of $14.6 million in the first quarter of 2015. The company recorded a net loss of $32.4 million and a net loss before specific items of $13.8 million in Q2, compared to net earnings of $22.2 million, and a net loss before specific items of $12.6 million in the previous quarter.
As Monadnock celebrates its 200th anniversary making a diverse range of specialty papers, it announces an investment in two new members of its Sales and Marketing team.
Troy Hill is a proven sales professional offering innovative client solutions and he excels in developing business in new markets. He has over 20 years of experience in narrow- and wide-format digital printing platforms. Troy hails from Leander, Texas where he will serve as one of Monadnock’s two new senior sales managers.
Michelle Jambor has over 25 years of experience in technical/specialty papers in direct sales and territory management. Her knowledge of polymer-saturation and fiber-based performance papers will lead to new opportunities for Monadnock. Michelle resides in Dowagiac, Michigan.
“There are significant growth opportunities for Monadnock’s technical/specialty and digital printing papers,” said Brendan Lesch, vice president of sales and marketing at Monadnock. “Troy and Michelle are well positioned to help us achieve our aggressive sales objectives.”