Increased Sales Volume and Operational Performance
Uncoated freesheet sales volume increased by 7% quarter-over-quarter, with improved operational performance.
Significant Shareholder Returns
Returned $60 million in cash to shareholders through $18 million in dividends and $42 million in share repurchases. A new $150 million share repurchase authorization was approved.
Strong Adjusted EBITDA Performance
Achieved adjusted EBITDA of $151 million with a margin of 18%, in line with expectations.
Strategic Initiatives and Operational Improvements
Focused on operational excellence across regions, improving margins, reducing costs, and enhancing competitive position.
Secured New Customers and Partnerships
Established new strategic customers in Brazil and expanded partnerships in Latin America, increasing market presence.