Rayonier to Increase Newsprint Prices

Financial summary for the quarter *EBITDA excluding special items US$156 million (Q1 FY23 US$290 million) *Net debt US$1,216 million (Q1 FY23 US$1,241 million) *EPS excluding special items 8 US cents (Q1 FY23 30 US cents) *Production at Stockstadt and Lanaken Mills in Europe permanently ceased

Continuing to be at the forefront of sustainable product offerings, Expera Specialty Solutions announced its launch of a broad line of SOAR Sustainable Food Packaging and Processing Papers. These papers have the ability to achieve multiple sustainability goals in a single product. New to Expera's SOAR product portfolio is Wax Alternative papers. "Our Wax Alternative papers are manufactured without the addition of paraffin or other petroleum-based materials, creating a more sustainable alternative to the traditionally used quick service restaurant packaging," explained Robyn Buss, Vice President Sales & Marketing for Expera Specialty Solutions. "These products maintain a high-level of performance and are stronger on a pound-for-pound basis, allowing for improved yield and decreased transportation costs." Click Read More below for additional information.

KPLP Q4 2017 Financial Results: Revenue in Q4 2017 was $340.0 million, compared to $339.6 million in Q4 2016, an increase of $0.4 million or 0.1%. The increase in revenue was primarily due to a selling price increase in Canada, offset by lower Consumer sales volume in Canada and the unfavourable impact of foreign exchange on U.S. dollar sales. Net loss in Q4 2017 was $18.0 million, compared to $4.5 million in Q4 2016, primarily due to lower Adjusted EBITDA of $9.2 million, an increase in tax expense of $5.8 million, a decrease in the gain on sale of non-financial assets of $2.5 million and a change in fair value of derivatives of $0.4 million in Q4 2017. These items were partially offset by a decrease in the change in amortized cost of Partnership units liability of $3.3 million and lower depreciation expense of $0.5 million. Click Read More below for additional information.