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February 08, 2016 3:21 PM ET

Paper and Forest Products

Company Overview of NewPage Holdings Inc.

Company Overview

NewPage Holdings Inc. produces and sells printing and specialty papers in North America. Its portfolio of paper products include coated, supercalendered, and other uncoated and specialty products. The company also sells its excess market pulp. Its paper products are used in commercial printing to create corporate collateral, magazines, catalogs, books, coupons, inserts, and direct mail, as well as in specialty paper applications, including beverage bottle labels, food and medical packaging, pressure-sensitive labels, and release liners. The company owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota, and Wisconsin with a total annual production capacity of approximately 3.5 mi...

8540 Gander Creek Drive

Miamisburg, OH 45342

United States

1,630 Employees

Phone:

937-242-9629

Key Executives for NewPage Holdings Inc.

Chief Executive Officer and President
Age: 58
Senior Vice President of Operations
Age: 49
Senior Vice President, General Counsel and Secretary
Age: 60
Chief Administrative Officer and Senior Vice President
Age: 56
Chief Accounting Officer and Controller
Age: 58
Compensation as of Fiscal Year 2015.

NewPage Holdings Inc. Key Developments

NewPage Corporation Announces Board Changes

The board of directors of NewPage Corporation was increased from two to three directors. Mr. Campbell resigned as a director of NewPage and was replaced by David B. Sambur, an existing director of Verso. Alan J. Carr, who had no prior affiliation with Verso or any of its subsidiaries (including NewPage), was elected to serve as a director of NewPage. Mr. Paterson continues to serve as a director of NewPage.

NewPage Holdings Inc., Verso Paper Corp. - M&A Call

To discuss the acquisition of NewPage Holdings Inc.'s acquisition by Verso Corporation

NewPage Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

NewPage Holdings Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales were $796 million compared to $780 million in the third quarter of 2013. Net sales improved due to higher sales volume of paper partially offset by lower paper prices. Net income was $8 million compared to $21 million in the third quarter of 2013. The decrease was the result of higher input costs, higher interest expense and lower paper prices, partially offset by lower non-cash stock compensation expense, lower pension expense and other cost reduction initiatives. Adjusted EBITDA was $83 million in the third quarter of 2014 compared to $85 million in third quarter of 2013. Operating cash flows were $29 million in the third quarter of 2014 compared to $7 million in the third quarter of 2013. Basic and diluted per share was $1.14 against $2.90 a year ago. For the nine months ended September 30, 2014, the company used $22 million of cash in operations compared to $16 million for the nine months ended September 30, 2013. The increase is primarily the result of higher input costs, driven by weather-related factors, higher cash interest and other cash charges associated with the February 2014 debt refinancing, partially offset by a reduction in cash requirements for bankruptcy-related items. Cash used for operating activities during the nine months ended September 30, 2013 includes $60 million in non-recurring bankruptcy-related payments. Capital expenditures were $53 million against $46 million a year ago. Net sales were $2,286 million against $2,256 million a year ago. Net loss was $93 million compared to $3 million a year ago. Basic and diluted loss per share was $13.11 against $0.43 a year ago.

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