KapStone Paper and Packaging Corporation (KS) recently reported preliminary record results for the fourth quarter and year ended December 31, 2013. As compared to 2012's fourth quarter, results for 2013's fourth quarter are below:
- Net sales of $563 million up $262 million, or 87 percent
- Net income of $43 million up $33 million, or 330 percent
- Adjusted net income of $44 million up $31 million, or 238 percent
- Adjusted EBITDA of $110 million up $72 million, or 189 percent
- Adjusted EBITDA margin of 19.5 percent, up from 12.5 percent
- Diluted EPS of $0.45 up $0.34 per share, or 309 percent
- Adjusted diluted EPS of $0.45 up $0.31 per share, or 221 percent
As compared to the year ended December 31, 2012, results for the year ended December 31, 2013:
- Net sales of $1,748 million up $531 million, or 44 percent
- Net income of $127 million up $64 million, or 102 percent
