Orchids Paper Products (TIS) Declares $0.35 Quarterly Dividend; 5% Yield
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Orchids Paper Products Company Announces Another Record Quarter; Declares Dividend Of $0.35 Per Share
April 20, 2016 4:30 PM EDTPRYOR, Okla., April 20, 2016 /PRNewswire/ -- Orchids Paper Products Company (NYSE MKT: TIS) today reported results for the first quarter of 2016, which included record net sales and Adjusted EBITDA of $47.7 million and $11.6 million, respectively, exceeding the previous records of $46.8 million and $10.2 million, respectively, set in the third quarter of 2015. Converted product net sales were $45.3 million, exceeding the previous record of $43.7 million set in the third quarter of 2015. Results for the first quarter of 2016 do not include any amounts related to the business interruption insurance claim for the incident that occurred in the... More
