Kapstone (KS) Misses Q2 EPS by 2c

Kapstone (NYSE: KS) reported Q2 EPS of $0.27, $0.02 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $785 million versus the consensus estimate of $817.98 million.

Roger W. Stone, Chairman and Chief Executive Officer, stated, "KapStone's operations performed well in the second quarter with our mills producing over 668,000 tons of paper. The benefits from the Victory acquisition were offset by lower prices and a less favorable product mix. Our operating cash flow year-to-date was up $17 million. We achieved our goal of integrating an annual run rate of 115,000 tons of Victory's packaging needs into our mill and plant system. Also, with our recent strategic investments we expect additional mill integration within the next twelve months."

For earnings history and earnings-related data on Kapstone (KS) click here.

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