Recent Insider Activity: KapStone Paper and Packaging Corp.

KapStone Paper and Packaging Corp. (NYSE:KS) insider has recently participated in insider trading activity. Director, Chapman John sold 50,000 shares for $1,095,150 via one transaction Nov 04. Following the transaction, the insider now owns 511,673 shares in total, priced at $4840426.58 as of Tuesday. Another notable insider trading was done by the same insider on Nov 03. Chapman John Sold 100,000 shares at an average price of $21.97 for a total of $2,196,500. Moreover, Keneally Timothy P carried out a sale of 36,045 shares at $9.44 each on Feb 12. The transaction amounted to $340,167. Chairman and CEO STONE ROGER W bought 100,000 shares for $2,091,320 through one transaction Aug 24. Following this sale, this insider’s stake in the company comprises 3,197,147 shares, priced at $30245010.62 as of Tuesday.

The stock has experienced a total of 0 insider trades in the past three months. These trades include 0 sell activities and 0 buy trades. Furthermore, over the past 12 months, the stock was traded 39 times by insiders. In 15 of these trades, the insider was a seller while an employee of the company was the buyer in just 24 instances.

KapStone Paper and Packaging Corp. (KS) on February 9, 2016 announced that it reported preliminary results for the fourth quarter and year ended December 31, 2015.

As compared to 2014’s fourth quarter, results for 2015’s fourth quarter are below:

• Net sales of $764 million up $201 million, or 36 percent


• Net income of $12 million down $22 million, or 65 percent


• Diluted EPS of $0.12 down $0.23 per share, or 66 percent


• Adjusted EBITDA of $82 million down $20 million, or 20 percent


• Adjusted net income of $16 million down $24 million, or 60 percent


• Adjusted diluted EPS of $0.17 down $0.24 per share, or 59 percent

As compared to the year ended December 31, 2014, results for the year ended December 31, 2015:

• Net sales of $2,789 million up $488 million, or 21 percent


• Net income of $106 million down $66 million, or 38 percent


• Diluted EPS of $1.09 down $0.67 per share, or 38 percent


• Adjusted EBITDA of $404 million down $52 million, or 11 percent


• Adjusted net income of $137 million down $52 million, or 28 percent


• Adjusted diluted EPS of $1.41 down $0.53 per share, or 27 percent

Roger W. Stone, Chairman and Chief Executive Officer, stated, “2015 was another transformational year for KapStone with the successful integration of Victory Packaging, and we are right on target for achieving our synergies. Our corrugated products volume grew over three percent year-over-year.  However, the year also provided many challenges for us, including the impact of a stronger U.S. dollar resulting in lower export containerboard and extensible grade paper prices with increased competition in certain export markets.

“KapStone’s strength continues to be its operating free cash flows which generated $54 million in the fourth quarter despite economic and operational challenges.  The strong cash flows were used to make a $52 million debt prepayment.”