Orchids Paper Products Company Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017
Orchids Paper Products Company announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company total net sales were $35,354,000 against $47,743,000 a year ago. Operating loss was $883,000 against income of $8,282,000 a year ago. Loss before income taxes was $1,233,000 income of against $8,220,000 a year ago. Net loss was $860,000 against income of $5,409,000 a year ago. Diluted loss per share were $0.08 against earnings of $0.52 a year ago. Cash flow provided by operating activities was $3,613,000 against $8,863,000 a year ago. EBITDA was $2,741,000 against $11,497,000 a year ago. Adjusted EBITDA was $2,811,000 against $11,706,000 a year ago. Net cash Provided by Operating activities was $3,613,000 against $8,863,000 a year ago.