Evergreen Packaging Announces Price Increase on Coated Papers

Mactac® Distributor Products announces a new, thicker liner for its wide-format printable IMAGin® StreetTRAX® non-skid outdoor floor graphic media. StreetTRAX (STX1528v2) is designed to produce outdoor sidewalk and parking lot ‘floor’ graphics on unsealed pedestrian traffic surfaces such as concrete, cement, and asphalt. The change in product construction replaces the product’s previous 60# polycoated liner with a new 90# polycoated liner. “The addition of the thicker, more stable liner improves this already great product and offers Mactac customers an even better printing and installation experience when using StreetTRAX,” says Amanda Smith, Product Manager, Mactac Distributor Products.

Third Quarter 2022 Financial Highlights: *Produced revenue of $895 million, an increase of 3% compared to the prior year, driven by higher TiO2, zircon and pig iron prices and higher pig iron volumes *Generated income from operations of $163 million and net income of $123 million *Delivered Adjusted EBITDA of $247 million and an Adjusted EBITDA margin of 27.6% *Invested $112 million in capital expenditures, primarily in our vertical integration and newTRON initiatives *Generated free cash flow of $25 million in the quarter *Returned $110 million to shareholders in the nine months ending September 30, 2022 in the form of share repurchases and dividends

The A62 paper machine at our Ashdown Mill is once again fully operational thanks to excellent planning and foresight by our commercial paper team, along with outstanding dedication and agility from our manufacturing production team. The strategic initiative to restart the previously idled machine, as well as a sheeter to convert the rolls into cartons of copy paper, is helping us maintain our leadership position in the North American uncoated freesheet paper market and deliver the service and quality our customers expect.