Orchids Paper Products (TIS) Declares $0.35 Quarterly Dividend; 4.8% Yield
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Orchids Paper Products Company Announces Record Net Sales And Earnings; Declares Dividend Of $0.35 Per Share
October 21, 2015 4:30 PM EDTPRYOR, Okla., Oct. 21, 2015 /PRNewswire/ --Â Orchids Paper Products Company (NYSE MKT: TIS) today reported the following.
Executive Summary:
Third Quarter results: Net sales increased 5%, to $46.8 million, a new quarterly record, compared with $44.4 million in the same period of 2014. Adjusted EBITDA for the third quarter of 2015 increased 11%, to $10.2 million, a new quarterly record, compared with $9.2 million in the same period of 2014. Adjusted Net Income for the third quarter of 2015 was $4.8 million, a new quarterly record, compared with $4.3 million of... More