KapStone Paper And Packaging Q4 Profit Soars - Quick Facts

(RTTNews) - KapStone Paper and Packaging Corp. (KS) reported that its fourth-quarter net income was $43.5 million or $0.45 per share, compared to $10.2 million or $0.11 per share, last year.

Adjusted net income was $43.6 million or $0.45 per share for the quarter, up from $13.1 million or $0.14 per share in the prior year quarter. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.48 for the quarter. Analysts' estimates typically exclude special items.

Consolidated net sales were $563.43 million, up 87% from $300.99 million prior year. The increase is primarily due to the Longview acquisition, which contributed $241 million of additional revenue, and higher average selling prices for the legacy operations. Analysts expected revenue of $555.37 million for the quarter.