– Wausau Paper Corp. posted fourth quarter losses, following
a year of restructuring, the company said.
Paper last year sold its paper mills in Mosinee and
Rhinelander as well as another mill in Minnesota, the
company said. Mosinee-based Wausau Paper reported a loss of
of $9.98 million, or 20 cents a share, which compares to a
loss of $2.46 million, or 5 cents, a year earlier in the
final quarter of last year.
Paper recorded a loss from continuing operations of $7.8
million, or 16 cents a share, compared to a profit from
continuing operations of $233,000 a year earlier, the
rose to $91.1 million from $86.9 million.
Paper is now uniquely positioned to create value as a
company 100 percent focused on tissue, with a highly
differentiated strategy that will continue to demonstrate
above market rates of growth and expanding margins,” said
Henry C. Newell, president and CEO. “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.”
full year, the company posted a loss from continuing
operations of $28.1 million, or 57 cents a share. Wausau
said it expects 2014 earnings from continuing operations of
10 cents to 13 cents a share.