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Wausau Paper (NYSE: WPP), Mosinee, WI, reported full year sales for 2013 of $348.6 million, an increase of 1.3 percent from the previous year. The company reported a loss in 2013 of $97 million, compared to a profit of $676 thousand in 2012.
Sales for the fourth quarter were $91.1 million, a 4.8 percent increase over the same period a year ago. The company reported a loss of $10 million for the quarter, compared to a loss of $2.5 million in fourth quarter of 2012.
“Over the past year, we have completed the strategic repositioning of the company, ramped up our Harrodsburg operations and launched a total of 20 new premium towel and tissue products – with more new products to come in 2014," said Henry C. Newell, president and CEO of Wausau Paper. "As a result, our shipment volume grew 2 to 3 times the market’s growth rate, with second half growth of 4 to 5 times the market, and expanded adjusted EBITDA and adjusted EBITDA margins every quarter.”