Appvion’s fourth quarter 2016 net sales of $167.1 million were $2.3 million lower than fourth quarter 2015, the company said. Thermal papers net sales were $101.1 million which was $5.3 million higher than fourth quarter 2015. Carbonless papers net sales of $66 million declined $7.6 million compared to fourth quarter 2015.
Current quarter shipments of thermal papers gained more than 4 percent in fourth quarter 2016 compared to the final quarter 2015, Appvion also said.
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Appvion reported fourth quarter 2016 operating income of $6.7 million compared to operating income of $3.5 million for fourth quarter 2015.
“Current quarter operating income was positively impacted by the continued improvements in manufacturing, lower selling, general and administrative expenses and a $4.4 million mark-to-market favorable variance associated with the Company’s retiree benefit plans compared to the same period last year,” the company said.
The company said it was helped by thermal papers sales volume, improved pricing and product mix in its thermal papers segment, improvements in operating performance, cost-savings initiatives and other factors.
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