Appvion's
second quarter 2013 net sales of $201.5 million decreased 5.8% compared to
second quarter 2012 net sales of $213.9 million. Those results included a 4.2%
decrease resulting from discontinued sales of carbonless paper into certain
non-strategic international markets. Second quarter 2013 sales of thermal
papers were 5.3% higher than the previous year quarter while external Encapsys
sales improved by 4.9%.
Appvion
reported second quarter 2013 operating income of $20.4 million compared to an
operating loss of $30.6 million during second quarter 2012. Second quarter 2012
results included $42.9 million of expense related to ceasing papermaking
operations at the West Carrollton, Ohio, facility and transitioning to Domtar
base paper. In addition, second quarter 2012 spending included $6.5 million of
costs associated with the business combination transaction that was
discontinued.
