Boise
Inc. (BZ) today reported a net loss of $(1.2) million, or $(0.01) per diluted
share, for first quarter 2013, compared with net income of $21.3 million, or
$0.21 per diluted share, for the same period in 2012. EBITDA (1) was $56.2
million for first quarter 2013, compared with $87.4 million for first quarter
2012. The pre-tax maintenance cold outage costs at our mill in DeRidder,
Louisiana, which occur once every five years, reduced our first quarter results
by $22.4 million. In addition, incremental depreciation expense related to
shortening the useful lives of some of our assets, primarily at our mill in
International Falls, Minnesota, reduced our results by $5.3 million.
