Appleton's 2012 net sales of
$849.8 million decreased 0.9% compared to 2011 net sales of $857.3 million.
Appleton's fourth quarter 2012 net sales of $205.5 million were flat when
compared to fourth quarter 2011. Adjusting for the Company's decision to
discontinue the sale of carbonless papers into certain non-strategic
international markets, fourth quarter and full year 2012 net sales were up 7.9%
and 3.1%, respectively. The Company's strong revenue growth from thermal papers
almost entirely offset full year 2012 revenue declines in carbonless papers and
Encapsys.
