Second Quarter Outlook
- We expect adjusted EBITDA to be $115 million to $125 million
- Compared to the first quarter:
- Price and mix are expected to decrease by $45 million to $50 million, reflecting the realization of prior price decreases for pulp in all regions and paper in Europe as well as less favorable product mix
- Volume is projected to improve by $10 million to $15 million, with seasonally stronger volume in Latin America
- Operations and costs are expected to increase by $10 million to $15 million primarily due to unabsorbed fixed costs
- Input and transportation costs are projected to improve by $15 million to $20 million, with favorable trends in energy and chemicals
- Total planned maintenance outage expenses are expected to increase by $59 million, with two-thirds of 2023 planned maintenance outage costs scheduled for the second quarter
