This is what happens to the little guy when the big boys lower prices.
This is going to hurt.
Orchids Paper Products misses by $0.19, misses on revenue
May 1, 2017 5:43 AM By: Mamta Mayani
* Orchids Paper Products (NYSEMKT:TIS): Q1 EPS of -$0.08 misses by $0.19.
* Revenue of $35.35M (-26.0% Y/Y) misses by $4.75M.
More on Orchids Paper Products' Q1
May 1, 2017 6:44 AM ET
By: Niloofer Shaikh
* Orchids Paper Products (NYSEMKT:TIS) reports net sales down 26% in Q1, primarily due to heavy promotional activity by brand-competitors and other competitive pressures.
* Converted product net sales declined 27.3% to $32.9M.
* Parent rolls net sales decreased 1.4% to $2.46M.
* Gross margin rate fell drastically from 23.8% year ago to 5.6%.
* Adjusted EBITDA margin also dropped to 8% vs. 24.5% in 1Q16.
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