Fortress Paper Ltd. reported earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported sales from continuing operations was $57.559 million against $23.711 million a year ago. EBITDA from continuing operations was $13.162 million against $11.333 million a year ago. EBITDA was $2.627 million against $1.987 million a year ago. Net loss from continuing operations was $18.814 million against $14.206 million a year ago. Adjusted net loss from continuing operations was $20.618 million against $15.436 million a year ago. Adjusted net loss was $20.618 million or $1.42 adjusted net loss per share, basic and diluted against $15.436 million or $1.08 adjusted net loss per share, basic and diluted a year ago. Basic and diluted net loss per share was $1.30 against $0.99 per share a year ago. Fortress reported a net loss (including discontinued operations) of $12.4 million or diluted loss per share of $0.85 for the first quarter of 2013 on sales of $99.7 million. In the fourth quarter of 2012, the company reported a net loss of $4.2 million or diluted loss per share of $0.29 on sales of $96.1 million, and for the first quarter of 2012 net loss of $10.7 million or diluted loss per share of $0.75 on sales of $61.4 million.

Fortress Paper Ltd., Q1 2013 Earnings Call, May 14, 2013

Fortress Paper Ltd. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on May 13, 2013