Domtar Corporation reported net earnings of $18 million for the 2Q 2016 compared to net earnings of $4 million for the 1Q 2016 and net earnings of $38 million for the 2Q 2015. Sales for the 2Q 2016 were $1.3 billion, as the company said in the press release received by Lesprom Network.
“We had a solid performance given the extensive scheduled maintenance outages and the Ashdown conversion. Our focus on costs and execution resulted in below-plan maintenance spending, and we benefited from higher pulp and paper prices with the implementation of recently announced price increases,” said John D. Williams, President and CEO. “The conversion of the Ashdown paper machine to fluff pulp continues to progress, with the start-up scheduled over the next few days. This is another milestone within our strategic roadmap of pursuing growth opportunities that capitalize on our core competencies.”
Operating income was $39 million in the 2Q 2016 compared to operating income of $18 million in the 1Q 2016. Depreciation and amortization totaled $87 million in the 2Q 2016.
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.
