KapStone Paper and Packaging Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported net sales of USD 893,595,000 against USD 868,418,000 a year ago. Operating income was USD 107,446,000 against USD 58,182,000 a year ago. Income before provision for income taxes was USD 94,715,000 against USD 45,036,000 a year ago. Net income was USD 72,511,000 against USD 30,026,000 a year ago. Basic earnings per share were USD 0.74 against USD 0.31 a year ago. Diluted earnings per share were USD 0.72 against USD 0.30 a year ago. Non-GAAP EBITDA were USD 155,709,000 against USD 107,662,000 a year ago. Non-GAAP adjusted EBITDA were USD 162,718,000 against USD 120,721,000 a year ago. Non-GAAP Adjusted Net Income was USD 77,838,000 against USD 38,188,000 a year ago. Adjusted Diluted EPS were USD 0.78 against USD 0.39 a year ago. Net cash provided by operating activities was USD 155,881,000 against USD 126,422,000 a year ago. Capital expenditures were USD 33,334,000 against USD 34,234,000 a year ago.

For the quarter, the company reported net sales of USD 2,605,526,000 against USD 2,456,978,000 a year ago. Operating income was USD 241,030,000 against USD 116,375,000 a year ago. Income before provision for income taxes was USD 204,719,000 against USD 85,106,000 a year ago. Net income was USD 158,435,000 against USD 55,794,000 a year ago. Basic earnings per share were USD 1.62 against USD 0.58 a year ago. Diluted earnings per share were USD 1.59 against USD 0.57 a year ago. Non-GAAP EBITDA were USD 389,463,000 against USD 262,175,000 a year ago. Non-GAAP adjusted EBITDA were USD 415,189,000 against USD 301,225,000 a year ago. Non-GAAP Adjusted Net Income was USD 177,987,000 against USD 80,200,000 a year ago. Non-GAAP Adjusted Diluted EPS were USD 1.78 against USD 0.81 a year ago. Net cash provided by operating activities was USD 188,896,000 against USD 175,919,000 a year ago. Capital expenditures were USD 111,739,000 against USD 108,012,000 a year ago.

The company provided earnings guidance for the fiscal year 2018. The company expects strong finish for 2018 as Victory Packaging, the company's distribution business, had a seasonally strong third quarter.