September 25, 2016 6:31 AM ET

Paper and Forest Products

Company Overview of Appvion, Inc.

Company Overview

Appvion, Inc. engages in the production of thermal, carbonless, security, and other specialty coated papers primarily in the United States. The company’s Carbonless Papers segment offers carbonless papers for use as multipart forms, such as invoices and purchase orders under the Appleton and NCR PAPER brands; coated products for point-of-sale displays, and other design and print applications; custom coating solutions; security papers with features that resist forgery, tampering, and counterfeiting; and financial and identity documents for business and government, including checks, visas, automobile titles, and birth certificates. Its Thermal Papers segment develops and produces substrates fo...

825 East Wisconsin Avenue

PO Box 359

Appleton, WI 54912

United States

Founded in 1907

1,400 Employees

Phone:

920-734-9841

Key Executives for Appvion, Inc.

Chief Executive Officer and Director
Age: 49
Chief Financial Officer, Senior Vice President of Finance, Treasurer, Member of Pension Benefits Finance Committee, Chief Financial Officer of Paperweight Development Corp, Senior Vice President of Finance of Paperweight Development Corp and Treasurer of Paperweight Development Corp
Age: 58
Senior Vice President of Administration and General Counsel
Age: 44
Senior Manager of Corporate Communications
Vice President of Thermal Research and Development
Age: 59
Compensation as of Fiscal Year 2016.

Appvion, Inc. Key Developments

Appvion, Inc. Announces Executive Changes

Appvion, Inc. announced that Ethan W. Haas, Vice President and General Manager - Carbonless and Specialty Papers of Appvion, Inc. has voluntarily resigned. Mr. Haas' resignation is effective September 30, 2016. Appvion, Inc. also announced that Justin C. Merritt, Vice President and General Manager - Thermal of Appvion, Inc. has been promoted to Senior Vice President - Sales, Marketing, Research and Development. Mr. Merritt's promotion is effective September 8, 2016.

Appvion Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 3, 2016

Appvion announced unaudited consolidated earnings results for the second quarter and six months ended July 3, 2016. For the quarter, net sales were $173.6 million compared to $166.2 million a year ago. Operating income was $3.9 million compared operating loss of $1.4 million a year ago. The improved earnings in second quarter 2016 were due to significantly improved performance in the thermal segment. Loss from continuing operations before income taxes was $6.8 million compared to $14.1 million a year ago. Loss from continuing operations was $6.9 million compared to $14.1 million a year ago. Net loss was $6.5 million compared to $6.8 million a year ago. EBITDA was $10.4 million compared to $5.4 million a year ago. Adjusted EBITDA was $12.9 million compared to $9 million a year ago. For the six months, net sales were $354.1 million compared to $350.1 million a year ago. Operating income was $13.5 million compared to $2.9 million a year ago. Loss from continuing operations before income taxes was $7.1 million compared to $24.2 million a year ago. Loss from continuing operations was $7.3 million compared to $24.3 million a year ago. Net loss was $7.3 million compared to $15.6 million a year ago. EBITDA was $26.7 million compared to $16.4 million a year ago. Adjusted EBITDA was $30 million compared to $22.6 million a year ago. The increase in operating earnings was due to improved manufacturing operations of $9.5 million, $7.1 million of improved price and product mix, and $3.7 million of lower SG&A and other costs.

Appvion, Inc. to Report Q2, 2016 Results on Aug 09, 2016

Appvion, Inc. announced that they will report Q2, 2016 results on Aug 09, 2016

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