Paper and Forest Products
Company Overview of Paperweight Development Corp.
Paperweight Development Corp., through its subsidiary, Appleton Papers Inc., manufactures and sells coated paper products in the United States and internationally. The company operates in three segments: Carbonless Papers, Thermal Papers, and Encapsys. The Carbonless Papers segment produces and sells carbonless, security, and other specialty paper products to converters, business forms printers, and merchant distributors. This segment offers carbonless roll and sheet products under the NCR PAPER brand for use in government, retail, financial, insurance, and manufacturing markets; and security papers with features that resist forgery, tampering, and counterfeiting, as well as incorporate secu...
825 East Wisconsin Avenue
PO Box 359
Appleton, WI 54912
Founded in 1907
Key Executives for Paperweight Development Corp.
Chief Executive Officer and Chief Executive Officer of Appvion Inc
Chief Financial Officer, Senior Vice President of Finance and Treasurer
Senior Vice President of Administration
Manager of Corporate Communications
Senior Vice President of Human Resources of Appvion Inc
Compensation as of Fiscal Year 2015.
Paperweight Development Corp. Key Developments
Paperweight Development Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 5, 2015
May 12 15
Paperweight Development Corp. reported unaudited consolidated earnings results for the first quarter ended April 5, 2015. For the quarter, the company reported net sales of $195.6 million compared to $203.8 million a year ago. Operating income was $8.8 million compared to $14.5 million a year ago. Loss before income taxes was $5.7 million compared to income before income taxes of $2.1 million a year ago. Net loss was $5.8 million compared to net income of $2.0 million a year ago. Adjusted EBITDA was $19.1 million compared to $20.1 million a year ago. Current quarter operating income was adversely impacted by unfavorable pricing for thermal receipt paper due to competition from international producers.
Paperweight Development Corp. announced delayed 10-Q filing
Nov 12 14
On 11/12/2014, Paperweight Development Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
Paperweight Development Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Aug 5 14
Paperweight Development Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $207.9 million compared to $201.5 million a year ago. Operating income was $10.7 million compared to $20.4 million a year ago. Net loss was $1.1 million compared to $18.9 million a year ago. Adjusted EBITDA was $20.2 million compared to $30.5 million a year ago.
For the six months, the company reported net sales of $411.7 million compared to $412.3 million a year ago. Operating income was $25.2 million compared to $38.3 million a year ago. Income before income taxes was $0.8 million compared to loss of $16.6 million. Net income was $0.9 million compared to net loss of $16.8 million a year ago. Adjusted EBITDA was $42.7 million compared to $59.0 million a year ago.
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