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Strong Q2 Shows Revenue Growth Amidst Market Shifts
14 Aug
Summary
- Adjusted EBITDA surged 25% year-over-year to $90.6 million.
- U.S. revenue saw a significant 9.5% increase, boosting overall performance.
- The new Memphis converting line is ahead of schedule, enhancing capacity.
The company announced its second-quarter 2026 financial results on August 13, 2026, revealing a 2.8% year-over-year revenue increase to $550.9 million. Adjusted EBITDA surged by 25% to $90.6 million, with margins improving to 16.4%.
This growth was significantly bolstered by a 9.5% increase in U.S. revenue, amounting to $22.5 million. The consumer business saw revenue rise by 1.9%, while the away-from-home segment experienced a substantial 7.4% jump. The company noted that its new Memphis converting line is progressing ahead of schedule, which is expected to enhance mill performance.
Despite a 2.6% revenue decline in Canada, the company's overall financial health appears strong. Cash on hand stood at $165.2 million, with a stable leverage ratio of 2.9 times. Capital expenditures for the quarter were $15.5 million, and full-year projections remain between $90 million and $110 million.
