Friday, May 10, 2013

NewPage Reports Q1 Results

NewPage reported first quarter 2013 net sales were off 0.5% to $756 million from a year ago as higher sales volume and improved product mix were more than offset by lower average paper prices.
The company narrowed its net loss to $11 million in the quarter from a $123 million loss in 1Q 2012.
Paper sales volume increased to 826,000 tons in 1Q 2013 compared to 821,000 tons in 2012. Average paper prices were $887/ton in the quarter compared to $906/ton a year ago.