Paper and Forest Products
Company Overview of Catalyst Paper Corporation
Catalyst Paper Corporation, together with its subsidiaries, produces and sells mechanical printing papers in western North America. The company operates through three segments: Specialty Printing Papers, Newsprint, and Pulp. The Specialty Printing Papers segment provides coated mechanical, uncoated mechanical, directory, and soft-calendared mechanical papers for retailers, commercial printers, and telephone directory publishers, as well as magazine and catalogue 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 newspaper publis...
3600 Lysander Lane
Richmond, BC V7B 1C3
Founded in 1946
Key Executives for Catalyst Paper Corporation
Chief Executive Officer
Total Annual Compensation: $157.0K
Chief Financial Officer
Total Annual Compensation: $290.0K
Compensation as of Fiscal Year 2013.
Catalyst Paper Corporation Key Developments
Catalyst Paper Corporation Reports Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for 2014
Jul 30 14
Catalyst Paper Corporation reported earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported sales of CAD 283.5 million compared with CAD 273.4 million for the same period last year. Operating loss was CAD 3.9 million compared with CAD 12.0 million for the same period last year. Adjusted EBITDA was CAD 7.1 million compared with Adjusted LBITDA of CAD 0.6 million for the same period last year. Net loss attributable to the company was CAD 6.3 million or CAD 0.43 per basic and diluted per share compared with CAD 28.0 million or CAD 1.93 per basic and diluted per share for the same period last year. Free cash flow for the quarter was negative CAD 8.6 million. Capital expenditures were CAD 4.7 million this quarter, CAD 1.6 million higher than in first quarter.
For the six months, the company reported sales of CAD 557.4 million, operating income was CAD 10.9 million, Adjusted EBITDA was CAD 32.8 million and Net loss attributable to the company was CAD 10.1 or CAD 0.70 per basic and diluted per share.
For the quarter, sales were 356,500 tonnes against 346,600 tonnes for the same period a year ago. Production was 349,700 tonnes against 338,500 tonnes for the same period a year ago.
For the six months, sales were 692,200 tonnes and production was 702,500 tonnes.
For this year, The company expects capital spending in the range of CAD 20 million.
Catalyst Paper Corporation Presents at Jefferies 2014 Global Industrials Conference, Aug-14-2014 12:30 PM
Jul 24 14
Catalyst Paper Corporation Presents at Jefferies 2014 Global Industrials Conference, Aug-14-2014 12:30 PM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States. Speakers: Joe Nemeth, Chief Executive Officer, President and Director.
Catalyst Paper Corporation Appoints Pierre A. Raymond to its Board of Directors
Jul 8 14
Catalyst Paper Corporation announced the appointment of Pierre A. Raymond as an independent director of the company, effective immediately. Mr. Raymond retired in May 2014 from Stikeman Elliott as a partner in the Montréal office. He served as Chair of the firm from 2006 to 2012 and as a member of the Partnership Board and the Executive Committee from 1997 to 2012.
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