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Non-Tech : KapStone Paper and Packaging Corporation
KS 34.950.0%Dec 14 4:00 PM EST

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From: JakeStraw10/30/2014 11:03:59 AM
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KapStone Reports Record Third Quarter Results
finance.yahoo.com

Net sales of $598 million up $59 million, or 11 percent

Net income of $54 million up $10 million, or 22 percent

Adjusted EBITDA of $132 million up $15 million, or 13 percent

Adjusted EBITDA margin of 22.0 percent, up from 21.7 percent

Diluted EPS of $0.56 up $0.10 per share, or 22 percent

Adjusted diluted EPS of $0.60 up $0.08 per share, or 15 percent

"Productivity gains resulting from improved operations and synergy benefits have increased KapStone's EBITDA over the past year. Our capital expenditures are delivering the expected results, and we continue to prudently invest in our operations. During the third quarter, the $50 per ton Kraft paper price increase was fully implemented. At the end of the quarter, we implemented an accounts receivable securitization program which should reduce cash interest expense by $2 million over the next 12 months."
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