Paper and Forest Products
Company Overview of Fulghum Fibres, Inc.
Fulghum Fibres, Inc. provides fibre processing services for wood chips production in the southeastern part of the United States and Maine. The company owns and operates wood chipping facilities that process logs and timber into wood chips. It also purchases and sells roundwood for chipping operations, as well as exports wood chips to a European company. The company was incorporated in 1989 and is based in Augusta, Georgia. As of May 1, 2013, Fulghum Fibres, Inc. operates as a subsidiary of Rentech, Inc.
3604 Wheeler Road
Augusta, GA 30909
Founded in 1989
Key Executives for Fulghum Fibres, Inc.
Chief Executive Officer and President
Chief Financial Officer and Executive Vice President of Finance & Administration
Chief Executive Officer of Fulghum Graanul LLC
Vice President of Human Resources
Compensation as of Fiscal Year 2014.
Fulghum Fibres, Inc. Key Developments
Fulghum Fibres, Inc. Reports Unaudited Financial Results for the First Quarter Ended Mar. 31, 2015
May 11 15
Fulghum Fibres, Inc. reported unaudited financial results for the first quarter ended Mar. 31, 2015. Revenues were $22.7 million for the first quarter of 2015, compared to $26.0 million for the same period last year. Revenues from operations in the U.S. were $13.6 million for the first quarter of 2015, as compared to $14.2 million in the prior year period. Gross profit was $3.7 million for the first quarter of 2015, compared to $4.1 million for the same period last year. The decrease in gross profit was primarily due to higher depreciation and amortization and to lower volumes processed and sold during the first quarter of 2015. Adjusted EBITDA for the first quarter of 2015 was $4.0 million. This compares to Adjusted EBITDA of $4.5 million for the same period in 2014. Net loss was $1.1 million for the first quarter of 2015, compared to net income of $1.7 million for the same period last year.
Fulghum Fibres, Inc. Announces Unaudited Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year of 2014
Nov 6 14
Fulghum Fibres, Inc. announced unaudited financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $25.3 million, an increase of $2.9 million from the prior-year period. Adjusted EBITDA of $3.9 million, a decrease of $1.3 million from the prior-year period. Net loss was $0.06 million for the three months ended September 30, 2014, compared to net income of $0.8 million for the same period last year.
Revenues were $73.7 million for the nine months ended September 30, 2014, compared to $38.5 million for the same period last year. The increase was due to Rentech’s ownership of Fulghum for the full nine months ended September 30, 2014 as compared to five months last year. Adjusted EBITDA for the nine months ended September 30, 2014 for Fulghum Fibres was $10.5 million. This compares to Adjusted EBITDA of $8.3 million in the corresponding period in 2013. Net income was $0.6 million for the nine months ended September 30, 2014, compared to $0.9 million for the same period last year.
For the year, the company expects operating income of $7 million against EBITDA of $16 million. Depreciation and amortization of $9 million.
Fulghum Fibres Reports Unaudited Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings and Production Guidance for 2014
Mar 11 14
Fulghum Fibres reported unaudited earnings and operating results for the fourth quarter and year ended December 31, 2013. For the quarter, revenues were $24.5 million for the current period, of which approximately $15.4 million and $9.1 million were generated from the U.S. and South American operations, respectively. Gross profit for the period was $5.3 million on margins of 22%. Operating income was $7.3 million. Adjusted EBITDA was $4.694 million. Operating income was $7.257 million.
For the year, revenues were $63.0 million, gross profits was $12.0 million. Operating loss was $9.914 million. Adjusted EBITDA was $13.042 million.
Fulghum Fibres processed 3.8 million green metric tons of wood during the three months ended December 31, 2013.
For 2014, the company expects revenue of $95 million, EBITDA of $20 million, maintenance capital expenditures of $3 million. The company also expects the production of Logs Processed of 15,000,000 tonnes.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|