Kapstone Paper and Packaging Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
July 25, 2018 at 04:15 pm EDT
KapStone Paper and Packaging Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported net sales of $912,736,000 against $822,717,000 for the same period a year ago. The increase in net sales is primarily due to higher prices and higher sales volume. Operating income was $81,851,000 against $39,632,000 for the same period a year ago. Income before provision for income taxes $68,967,000 against $29,917,000 for the same period a year ago. Net income was $53,183,000 against $19,776,000 for the same period a year ago. Diluted net income per share was $0.53 against $0.20 for the same period a year ago. EBITDA (Non-GAAP) was $132,007,000 against $88,282,000 for the same period a year ago. Adjusted net income (Non-GAAP) was $57,684,000 against $26,917,000 for the same period a year ago. Adjusted Diluted EPS (Non-GAAP) was $0.58 against $0.27 for the same period a year ago. Net cash provided by operating activities was $27,892,000 against $16,828,000 for the same period a year ago. Capital expenditures were $41,380,000 against $35,109,000 for the same period a year ago. Adjusted EBITDA was $137,930,000 against $99,708,000 for the same period a year ago. EBITDA was $132,007,000 against $88,282,000 for the same period a year ago.
For the six months, the company reported net sales of $1,711,931,000 against $1,588,560,000 for the same period a year ago. Operating income was $133,584,000 against $58,193,000 for the same period a year ago. Income before provision for income taxes $110,004,000 against $40,070,000 for the same period a year ago. Net income was $85,924,000 against $25,768,000 for the same period a year ago. Diluted net income per share was $0.86 against $0.26 for the same period a year ago. EBITDA (Non-GAAP) was $233,754,000 against $154,513,000 for the same period a year ago. Adjusted net income (Non-GAAP) was $100,149,000 against $42,012,000 for the same period a year ago. Adjusted Diluted EPS (Non-GAAP) was $1.00 against $0.43 for the same period a year ago. Net cash provided by operating activities was $33,015,000 against $49,497,000 for the same period a year ago. Capital expenditures were $78,405,000 against $73,778,000 for the same period a year ago. Adjusted EBITDA was $252,471,000 against $180,504,000 for the same period a year ago. EBITDA was $233,754,000 against $154,513,000 for the same period a year ago.