Orchids Paper Products (TIS) Tops Q2 EPS by 5c
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Orchids Paper Products Company Announces 45% Increase In Net Sales, 73% Increase In Adjusted Net Income And Declares Dividend Of $0.35 Per Share
July 29, 2015 4:30 PM EDTPRYOR, Okla., July 29, 2015 /PRNewswire/ --Â Orchids Paper Products Company (NYSE MKT: TIS) today reported the following.
Executive Summary:
Second Quarter results: Net sales increased $13.1 million, or 45%, to $42.3 million, compared with $29.2 million in the same period of 2014. Adjusted net income for the second quarter of 2015 was $3.6 million, compared with $2.1 million of adjusted net income in the same period of 2014. Adjusted net income per diluted share for the second quarter of 2015 was $0.37 per share compared with $0.25 of adjusted net income per diluted share in 2014.... More