| In millions, except per share items | Jul-01-23 | Apr-01-23 | Dec-31-22 | Sep-24-22 | Jun-25-22 | Mar-26-22 | Dec-31-21 | Sep-25-21 |
| | 10-Q | 8-K | 8-K | 8-K | 10-Q | 10-Q | 10-K | 10-Q |
| Revenues: |
| High-Yield Pulp | 44.1 | | | | 40.3 | 22.1 | 29.5 | 41.9 |
| High Purity Cellulose | 299.4 | | | | 302.5 | 280.9 | 895.3 | 74.6 |
| Other | 41.9 | | | | 56.4 | 48.6 | | 257.6 |
| Total revenues | 385.4 | 467.0 | 500.0 | 466.0 | 399.2 | 351.7 | 373.8 | 374.0 |
| Revenue growth [+] | -3.5% | 32.8% | 33.7% | 24.6% | 17.1% | 10.4% | 0.6% | 15.6% |
| High-Yield Pulp | 9.6% | | | | 9.5% | -19.6% | -13.3% | 41.4% |
| High Purity Cellulose | -1.0% | | | | 18.8% | 376.7% | 6.0% | -70.5% |
| Paperboard | -23.9% | | | | 11.4% | 13.4% | 4.3% | 11.4% |
| Cost of goods sold | 370.8 | 430.0 | 456.0 | 419.0 | 372.5 | 345.8 | 361.2 | 354.7 |
| Gross profit | 14.6 | 37.0 | 44.0 | 47.0 | 26.7 | 5.9 | 12.7 | 19.3 |
| Gross margin | 3.8% | 7.9% | 8.8% | 10.1% | 6.7% | 1.7% | 3.4% | 5.2% |
| Selling, general and administrative [+] | 18.0 | 19.0 | 23.0 | 20.0 | 28.0 | 20.1 | 24.2 | 17.5 |
| General and administrative | | | | | | | 24.2 | |
| Equity in earnings | -0.7 | -1.0 | | -1.0 | -1.0 | -0.4 | -0.6 | -0.4 |
| Other operating expenses | 3.1 | 1.0 | 5.0 | -2.0 | 1.6 | 1.6 | 2.6 | -1.0 |
| EBITDA [+] | 60.6 | | | | 29.8 | 11.2 | 22.3 | 38.0 |
| EBITDA growth | 103.1% | 42.7% | -28.1% | -26.2% | -11.1% | -65.5% | 14.5% | 15.2% |
| EBITDA margin | 15.7% | 3.4% | 3.2% | 6.0% | 7.5% | 3.2% | 6.0% | 10.1% |
| Depreciation and amortization | 67.7 | | | | 33.8 | 27.4 | 37.0 | 35.6 |
| EBIT [+] | -7.1 | 16.0 | 16.0 | 28.0 | -3.9 | -16.2 | -14.8 | 2.4 |
| EBIT growth | 81.1% | -198.9% | -208.4% | 1065.2% | -453.3% | 1971.8% | -16.4% | -316.5% |
| EBIT margin | -1.9% | 3.4% | 3.2% | 6.0% | -1.0% | -4.6% | -3.9% | 0.6% |
| Interest expense | 15.4 | 15.0 | | 16.0 | 16.7 | 16.2 | 17.4 | 17.2 |
| Interest expense | 15.4 | 15.0 | | 16.0 | 16.7 | 16.2 | 17.4 | 17.2 |
| Other income (expense), net [+] | 4.4 | -1.0 | -14.0 | 5.0 | 0.4 | 9.8 | -1.7 | -2.3 |
| Gain (loss) on debt retirement | | | | | | | -1.2 | 2.3 |
| Gain (loss) on foreign currency transactions | 1.5 | | | -3.0 | -2.0 | | -0.3 | -3.3 |
| Other | 3.3 | | | | 3.2 | -0.5 | 7.1 | 2.1 |
| Pre-tax income | -18.2 | 0.0 | 2.0 | 17.0 | -20.2 | -22.6 | -33.9 | -17.1 |
| Income taxes | -3.2 | -3.0 | -2.0 | -2.0 | 3.7 | -1.4 | -6.0 | 4.1 |
| Tax rate | 17.9% | | | | | 6.2% | 17.8% | |
| Earnings from continuing ops | -15.6 | 2.0 | 4.0 | 18.0 | -24.9 | -24.4 | -28.5 | -13.4 |
| Earnings from discontinued ops | | | | 12.0 | | 0.0 | 0.0 | 0.0 |
| Net income | -16.8 | 2.0 | 4.0 | 30.0 | -23.3 | -24.9 | -24.0 | -4.8 |
| Net margin | -4.3% | 0.4% | 0.8% | 6.4% | -5.8% | -7.1% | -6.4% | -1.3% |
| |
| Basic EPS [+] | ($0.24) | $0.03 | $0.06 | $0.28 | ($0.39) | ($0.38) | ($0.45) | ($0.21) |
| Growth | -38.6% | -107.8% | -113.4% | -234.2% | -399.5% | 49.6% | -3.1% | -205.4% |
| Diluted EPS [+] | ($0.24) | $0.02 | $0.05 | $0.27 | ($0.39) | ($0.38) | ($0.45) | ($0.21) |
| Growth | -38.6% | -105.2% | -111.2% | -228.5% | -404.9% | 49.6% | -3.1% | -206.4% |
| |
| |
| Shares outstanding (basic) [+] | 65.2 | 66.7 | 66.7 | 63.8 | 63.9 | 63.8 | 63.6 | 63.7 |
| Growth | 2.1% | 4.5% | 4.7% | 0.1% | 0.4% | 0.5% | 0.6% | 0.7% |
| Shares outstanding (diluted) [+] | 65.2 | 100.0 | 80.0 | 66.7 | 63.9 | 63.8 | 63.6 | 63.7 |
| Growth | 2.1% | 56.8% | 25.7% | 4.6% | -1.4% | 0.5% | 0.6% | -0.3% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |