![]() ![]() Away-From-Home had a strong quarter driven by greater volume as the segment continues to recover. In the Consumer segment, we witnessed lower volume in the latter part of the year as some consumers traded down on purchases given higher market pricing. “Revenue improved 15% year-over-year to $1.7 billion mainly due to selling price increases across all segments and regions to counter higher pulp, manufacturing and freight costs. “We are highly encouraged by the ongoing recovery of our financial results in 2022 despite uncertain market conditions and persistent inflationary pressure,” stated KP Tissue’s Chief Executive Officer, Dino Bianco. Refer to the Non-GAAP Financial Measures section of this news release for more information on these measures. Net loss was $56.9 million in 2022, compared to net income of $42.0 million in 2021, a decrease of $98.9 million.ġ Adjusted EBITDA is a non-GAAP financial measure.Adjusted EBITDA 1 was $116.0 million in 2022, down from $153.4 million in 2021, a decrease of 24.4%.Declared a quarterly dividend of $0.18 per share to be paid on April 17, 2023.Net income was $16.0 million in Q4 2022, compared to net income of $42.3 million in Q4 2021, a decrease of $26.3 million.Adjusted EBITDA 1 was $44.4 million in Q4 2022, compared to $38.3 million in Q4 2021, an increase of 15.8%. ![]() ![]() Revenue was $458.1 million in Q4 2022 compared to $424.1 million in Q4 2021, an increase of $34.0 million or 8.0%.KPLP Q4 2022 Business and Financial Highlights KPT currently holds a 13.7% interest in Kruger Products. Consumer tissue business with the White Cloud® brand and premium private label products. Kruger Products is Canada's leading manufacturer of quality tissue products for the Consumer market (Cashmere®, Purex®, SpongeTowels®, Scotties®, White Swan® and Bonterra™) and the Away-From-Home (AFH) market and continues to grow in the U.S. (KPT) (TSX: KPT) reports the Q4 2022 and full year 2022 financial and operational results of KPT and Kruger Products L.P. MISSISSAUGA, Ontario, Ma(GLOBE NEWSWIRE) - KP Tissue Inc. Recovery continues, driving both Revenue and Profit growth ![]()
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