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KP Tissue Q3 Profit Higher as Revenue Rises
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KP Tissue Q3 Profit Higher as Revenue Rises
Nov 13, 2024 11:16 AM

07:55 AM EST, 11/13/2024 (MT Newswires) -- KP Tissue ( KPTSF ) on Wednesday said third quarter-profit advanced on higher revenue.

The company said net income in the quarter rose to $18 million from $12.9 million last year.

Revenue rose 10% to $521.1 million, from $473.4 million last year.

The company will pay a quarterly dividend of $0.18 per share on Jan. 15.

"Our business continued to perform well with double-digit revenue growth in the third quarter of 2024 on the strength of higher sales volume and favourable selling prices across our North American network," said KP Tissue ( KPTSF ) CEO Dino Bianco. "Despite higher pulp prices and other manufacturing costs year-over-year, we generated solid Adjusted EBITDA of $65.7 million that was within our expectations."

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