2018 and Fourth Quarter Highlights: • Reported operating income of $609 million for 2018; adjusted shareholder net income of $488 million, or $3.83 per share and a return on invested capital of 19% • Fourth quarter adjusted operating loss of $(3) million and sales of $1.03 billion; adjusted shareholder net loss of $(28) million, or $(0.23) per share • Net debt of $156 million, or 6.2% net debt to total capitalization, at December 31, 2018 • Announced acquisition of 70% of the VIDA Group of Sweden (“VIDA”) for 3,990 million Swedish Krona (approximately CAD$580 million), adding 1.1 billion board feet annual capacity of high-quality spruce and pine products • Announced phased acquisition of Elliott Sawmilling Co., Inc. (“Elliott”) over a period of two years, for US$110 million, adding 210 million board feet of high-value Southern Yellow Pine lumber annual capacity. Click read more below for additional detail.
Please be advised that effective with shipments on or after September 4, 2018, Twin Rivers Paper Company will be implementing a $50-80/ton price increase for our Publishing, Packaging and Label and Technical grades according to the information below.
Effective September 4, 2018, the following grades will increase in price by $50/ton:
Publishing: • Freesheet: Snowbrite Opaque®, Custom Brite®, Custom Plus®, Twin Rivers® Opaque, Twin Rivers® Offset, Pharmopaque®, PharmBrite 92™, and SnowBrite Pharm® • Hybrid Grades: Border Brite®, Bridge Opaque®, Bridge Supreme®, Frontier Opaque, Frontier Supreme, Frabrite® 76 & 72
Packaging: • Acadia®, Bladepak®
Label: • Alliance® Label (TT & Release) • Customized Base Papers
Effective September 4, 2018, the following grades will increase in price by $80/ton:
Publishing • Hybrid Converting, Tablet, Colored Tablet + Packaging • TR Specialty Bag + • Bleached Converting/Converting + Technical • All technical grades
We value your business and appreciate your ongoing support. Please contact your Twin Rivers Account Manager if you have any questions