Fortress Paper reported sales of $86.5 million for Q2 2017, compared to sales of approximately $88 million in Q2 2016. The company’s operating EBITDA and net loss amounted to $4.2 million and $2 million respectively.
Dissolving Pulp Segment operating EBITDA was $3.5 million for the second quarter of 2017, representing an increase of $0.3 million over the prior year comparative period and a decrease of
$4.8 million when compared to the first quarter of 2017. Security Paper Products Segment operating EBITDA was $2.8 million for the second quarter of 2017, representing a decrease of $1.0 million compared to the prior year comparative period, adjusted for $0.9 million of rent, and an increase of $1.3 million compared to the first quarter of 2017.
By: Omkar Khalap
The company also announced the retirement of Yvon Pelletier as the Chief Executive Officer effective October 01, 2017. Chadwick Wasilenkoff will reassume the role of Chief Executive Officer and President and continue to serve as Chairman of the board.
