** **

**AMENDMENTNO. 1**

**TO**

**FORM 10-Q**

** **

**SECURITIESAND EXCHANGE COMMISSION**

### **Washington, D.C.  20549**

###  

**(Mark One)**

 

**ý****QUARTERLY REPORTPURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934**

 

### **For the quarterly period ended March 31, 2005**

###  

**OR**

 

**o****TRANSITION REPORTPURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934**

 

### **For the transition period from                  to                             **

 

**Registration Number:  333-114032**

 

**BLUERIDGE PAPER PRODUCTS INC.**

(Exact name of registrant as specified incharter)

 
| **Delaware**             | ** ** | **56-2136509**                           |
|--------------------------|------------|------------------------------------------|
| (State of incorporation) |       | (I.R.S. Employer Identification  Number) |

 

## **41 MAIN STREET**

**CANTON, NORTH CAROLINA  28716**

(Address of principal executive office)

 

Registrant’s telephone number, including areacode:  **828-454-0676**

 

# Indicate by check mark whether the registrant (1) has filed allreports required to be filed by section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter periodthat the registrant was required to file such report), and (2) has beensubject to such filing requirements for the past 90 days.

#  

# Yes ý  No o

#  

Indicate by check mark whether the registrant is an accelerated filer(as defined in Rule 12b-2 of the Exchange Act).

 

# Yes o  No ý

 

The number of common shares outstanding at March 31,2005 was 10,729,294.

 

 

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**EXPLANATORY NOTE**

 

Blue Ridge Paper Products Inc. (the “Company”) is filing this AmendmentNo. 1 on Form 10-Q/A (this “Amendment No. 1”) to amend itsQuarterly Report on Form 10-Q for the quarter ended March 31, 2005 (“Form 10-Q”),filed on May 16, 2005.  ThisAmendment No. 1 corrects certain inadvertently misstated information inItem 2, “Management’s Discussion and Analysis of Financial Condition andResults of Operation—Three Months Ended March 31, 2005 Compared to ThreeMonths Ended March 31, 2004—Net Sales” as it relates to net sales for thepaper segment and, in particular, the increase in average pricing on papergrades.   Except as otherwise expresslystated herein, the information in this Amendment No. 1 is as of May 16,2005, the date on which the Form 10-Q was filed, and this Amendment No. 1does not purport to provide an update or discussion of any developments, ifany, subsequent to such date.

 

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**THREE MONTHS ENDED MARCH 31, 2005COMPARED TO THREE MONTHS ENDED MARCH 31, 2004**

 

*Net Sales*

 

Net sales for the 2005 three-month periodincreased $7.5 million or 6.2% to $128.5 million compared to $121.0 million forthe same period in 2004.  Our overallimprovement in revenue was attributable to a $1.6 million increase in ourpackaging segment sales and a $5.9 million increase in net sales in our papersegment.

 

Net sales for our packagingsegment in the 2005 three-month period increased $1.6 million or 2.2% to $74.6million compared to $73.0 million in 2004. The increase in packaging segment sales was primarily attributable to anincrease in average revenue per ton sold of 6.7% on non-converted coated boardsold out of our Waynesville facility and 1.4% on our carton business.  Sales volume increased 1.7% for the packagingsegment reflecting an increase in sales volume of our non-converted board outof our Waynesville facility partially offset by a decrease in sales of cartons.In the 2005 three-month period, our packaging segment sold 63,661 tons ofcoated and converted paperboard products at an average price of $1,172 per ton,compared to 62,601 tons sold in the 2004 three-month period at an average priceof $1,165 per ton.

 

Net sales for our paper segment for the 2005 three-month periodincreased $5.9 million or 12.3% to $53.9 million compared to $48.0 million forthe same period in 2004.  The increase isattributable to an increase in average revenue per ton shipped to $709 per tonin the 2005 three-month period compared to $592 per ton in the 2004 three-monthperiod.  Average pricing on our papergrades increased approximately $60 per ton for the 2005 three-month periodcompared to the fiscal year ended December 31, 2004 and approximately $117per ton for the 2005 three-month period compared to the 2004 three-monthperiod.  Total sales volume for the papersegment decreased by 5,086 tons in the 2005 three-month to 76,073 tons ascompared to 81,159 tons for the same period in 2004.  The volume decline is primarily attributableto a reduction of 4,467 tons in uncoated board sales.  Uncoated board sales volumes were reduced inorder to increase transfers to our packaging segment to facilitate increasedsales of higher value products as well as to replenish coating rawstockinventories that were depleted as a result of the flood downtime incurred inthe third and fourth quarters of 2004.

 

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## **SIGNATURES**

## ** **

Pursuant to the requirements of theSecurities Exchange Act of 1934, the registrant has duly caused this report tobe signed on its behalf by the undersigned thereunto duly authorized.

 

 
| **BLUE RIDGE PAPER PRODUCTS INC.** |
|------------------------------------|
|                               |   |
|                               |   |
| Date:  May 24, 2005 |   |
|                               | /S/ JOHN B. WADSWORTH |   |
|                               | John B. Wadsworth |
|                               | Chief Financial Officer |
|                               |   |
|                               | (On behalf of the Registrant and as  Principal Financial Officer) |

 

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### EXHIBIT INDEX

TO

FORM 10-Q

OF

BLUE RIDGE PAPER PRODUCTS INC.

FOR THE QUARTERLY PERIOD ENDED MARCH 31,2005

Pursuant to Section 102(d) ofRegulation S-T

(17 C.F.R. Section 232.102(d))

 

The following exhibits are filed as part ofthis report:

 

31.1                           Certification of CEOpursuant to Section 302 of Sarbanes-Oxley Act of 2002

31.2                           Certification of CFOpursuant to Section 302 of Sarbanes-Oxley Act of 2002

32.1                           Certification of CEO and CFOpursuant to Section 906 of Sarbanes-Oxley Act of 2002

 

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