Wed 12/08/2021 17:36 PM
Dunn Paper reported third-quarter EBITDA decreased 56.3% to $7 million in the third quarter from $16 million a year earlier and $17 million in 2019, according to sources. Higher pulp prices offset a revenue increase of 13.9% to $90 million in the third quarter from $79 million a year earlier, sources said.
Liquidity at quarter-end was $10.2 million, consisting mostly of revolver availability. The company overdrew its revolver during the quarter and had negative liquidity during the period,
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