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August 02, 2015 10:48 AM ET

Paper and Forest Products

Company Overview of Catalyst Paper Corporation

Company Overview

Catalyst Paper Corporation, together with its subsidiaries, produces and sells mechanical printing papers in Western North America. It operates through three segments: Specialty Printing Papers, Newsprint, and Pulp. The Specialty Printing Papers segment offers coated mechanical, uncoated mechanical, directory, soft-calendared mechanical, coated freesheet, and specialty papers for retailers; magazine, catalogue, and book publishers; commercial printers; and telephone directory publishers. This segment sells its products through marketing personnel in North America, as well as through distributors and agents in other geographic markets. The Newsprint segment provides newsprint primarily for ne...

3600 Lysander Lane

2nd Floor

Richmond, BC V7B 1C3

Canada

Founded in 1946

Phone:

604-247-4400

Fax:

604-247-0512

Key Executives for Catalyst Paper Corporation

Chief Executive Officer, President and Director
Age: 50
Total Annual Compensation: $575.0K
Senior Vice President for Human Resources & Corporate Services
Age: 59
Total Annual Compensation: $98.6K
Vice President and General Manager of North American Sales & Product Development
Total Annual Compensation: $232.0K
Senior Vice-President of Sales & Marketing
Age: 63
Total Annual Compensation: $237.5K
Compensation as of Fiscal Year 2014.

Catalyst Paper Corporation Key Developments

Catalyst Paper Corporation Reports Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Second Half of 2015

Catalyst Paper Corporation reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported sales of CAD 458.4 million against CAD 283.5 million a year ago. Operating loss was CAD 34.0 million against CAD 3.9 million a year ago. Adjusted loss before tax, depreciation and amortization (LBITDA) were CAD 19.2 million compared to adjusted EBITDA of CAD 7.1 million a year ago. Net loss was CAD 32.4 million or CAD 2.23 per basic and diluted share against loss of CAD 6.3 million or CAD 0.43 per basic and diluted share a year ago. Net loss before specific items was CAD 13.8 million or CAD 0.95 per basic and diluted share against loss of CAD 13.6 million or CAD 0.94 per basic and diluted share a year ago. For the six months, the company reported sales of CAD 937.7 million. Operating loss was CAD 34.3 million. Adjusted loss before tax, depreciation and amortization (LBITDA) were CAD 5.2 million. Net loss was CAD 10.2 million or CAD 0.70 per basic and diluted share. Net loss before specific items was CAD 26.4 million or CAD 1.82 per basic and diluted share. For the quarter, the company produced 494,800 tonnes against 349,700 tonnes a year ago. For the six months, the company produced 1,033,000 tonnes. For the second half of 2015, the company expects that seasonally strong sales demand, reduced maintenance and integration costs, and the substantial investments made in the preceding two quarters in value-adding projects, positions the company to achieve significantly improved results.

Catalyst Paper Corporation, Q2 2015 Earnings Call, Jul 29, 2015

Catalyst Paper Corporation, Q2 2015 Earnings Call, Jul 29, 2015

Catalyst Paper Names Frank C. De Costanzo as CFO

Catalyst Paper has appointed Frank C. De Costanzo as Senior Vice President and Chief Financial Officer. De Costanzo joins Catalyst from Kinross Gold where he has served as Vice President and Global Treasurer since 2010. Prior to Kinross, he held a progression of senior financial roles with Pitney Bowes The Dai-Ichi Kangyo Bank, and Union Bank of Switzerland in North America, Europe and Asia.

Similar Private Companies By Industry

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 28, 2014
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