Domtar Corporation reported net earnings of $47million for the 4Q 2016 compared to net earnings of $59million for the 3Q 2016 and net earnings of $57million for the 4Q 2015. Sales for the 4Q 2016 were $1.3billion, as the company said in the press release received by Lesprom Network.
Operating income was $74million in the 4Q 2016 compared to an operating income of $92million in the 3Q 2016. Depreciation and amortization totaled $85million in the 4Q 2016.
For fiscal year 2016, net earnings amounted to $128million compared to net earnings of $142million for fiscal year 2015. The Company had earnings before items of $178million for fiscal year 2016 compared to earnings before items of $211million for fiscal year 2015. Sales amounted to $5.1billion for fiscal year 2016.
Commenting on the full-year results, John D. Williams, President and CEO, said, “Our businesses generated strong EBITDA and cash flow in a challenging macro-economic and competitive environment. This allowed us to further execute on our growth strategy, while returning cash to our shareholders.”
Domtar is a leading provider of a wide variety of fiber-based products including communication, specialty and packaging papers, market pulp and absorbent hygiene products.
