KP Tissue Releases Third Quarter 2026 Financial Results
Key Highlights
- ➤Revenue $589.7 million, up 5.1% year over year in Q3 2026
- ➤Adjusted EBITDA $93.5 million, up 9.1% year over year
- ➤Net income $27.7 million versus $14.6 million year earlier
- ➤Q4 2026 Adjusted EBITDA expected slightly below Q3, above last year
- ➤New TAD facility delayed; operations not expected to commence in 2028
Expert Statements
Dino Bianco, CEO of Kruger Products and KP Tissue
“Our continued strong execution in the third quarter of 2026 has led us to deliver more than three consecutive years of profitable growth. Revenue and Adjusted EBITDA(1) increased 5.1% and 9.1%, respectively, year-over-year despite an ongoing uncertain economic environment. We are particularly pleased with our robust sales growth in the U.S. In Canada, sales also grew in the third quarter, as we continued to invest in our brands. We remain focused on executing our share recovery plan which should deliver improving shares.”
Dino Bianco, CEO of Kruger Products and KP Tissue
“Looking ahead, we expect to navigate escalating input costs and increased inflationary pressure. Among the cost mitigation measures under consideration are productivity initiatives and pricing adjustments. We continue to make progress on our new TAD facility project, however, a final location decision will be deferred until there is greater certainty in the economic and trade environment. Accordingly, we anticipate that the new TAD facility will be delayed and not commence operations in 2028.”
Maintaining profitable growth despite uncertain economic outlook
Mississauga, Ontario--(Newsfile Corp. - November 11, 2026) - KP Tissue Inc. (TSX: KPT) (KPT) reports the Q3 2026 financial and operational results of KPT and Kruger Products Inc. (Kruger Products). Kruger Products is Canada's leading manufacturer of quality tissue products for the Consumer market (Cashmere®, Purex®, SpongeTowels®, Scotties®, White Swan® and Bonterra®) and the Away-From-Home (AFH) market and continues to grow in the U.S. Consumer tissue business with the White Cloud® brand and premium private label products. KPT currently holds a 12.0% interest in Kruger Products.
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