INTERFOR CORPORATION recorded net earnings in Q2’16 of $23.2 million, or $0.33 per share, compared to $0.8 million, or $0.01 per share in Q1’16. Adjusted net earnings1 in Q2’16 were $20.9 million, or $0.30 per share, compared to $2.6 million, or $0.04 per share, in Q1’16. Adjusted EBITDA1 was $56.9 million on sales of $458.8 million in Q2’16, versus Adjusted EBITDA1 of $33.4 million on sales of $433.9 million in Q1’16.
Effective immediately, the temporary order moratorium on 40# – 90# Flo Web and Somerset Web has been lifted.
Please work with your Midland Paper Sales Representative if you have any questions.
Second Quarter 2017 Highlights and Portfolio Transformation: •Earned $0.40 per diluted share and $0.54 of adjusted earnings per diluted share •Generated net cash from operating activities of $300 million and adjusted free cash flow of $109 million •Achieved $103 million in year-over-year productivity improvements and an annual run rate of $675 million of synergy and performance improvements •Continued our portfolio transformation with: *the completion of the sale of the Home, Health and Beauty business, generating net after-tax proceeds of approximately $1 billion *the sale of $97 million of Land and Development assets *the announcement of the agreement to acquire Multi Packaging Solutions International Limited for a total enterprise value of approximately $2.3 billion. click Read More below for additional detail
Verso Corporation (OTCQB: VRSZ), a leading supplier of printing papers, specialty papers and pulp, today released Flexible Packaging: Anatomy of a Special(ty) Relationship, the fifth installment in its popular PAPER@WORK™ series. This brief explores Verso's 40-year-plus relationship with American Packaging Corporation (APC) and examines keys to success in the flexible packaging market. In consumer packaging, brand is everything and paper is a brand builder. Companies in this highly competitive realm know print consistency is critical to building and maintaining their brands. That signature red -- or blue or yellow or metallic gold -- has to be the same each and every time, across each and every product and package. This is why printing surface is so important and why a strong, collaborative supplier relationship is crucial to success.