Domtar Corporation reported net earnings of $38 million for the 2Q 2015 compared to net earnings of $36 million for the 1Q 2015 and net earnings of $40 million for the 2Q 2014. Sales for the 2Q 2015 were $1.3 billion.

Tissue Paper

Domtar Corporation reports 2Q sales of $1.3 billion

Jul 30, 2015. /Lesprom Network/. Domtar Corporation reported net earnings of $38 million for the 2Q 2015 compared to net earnings of $36 million for the 1Q 2015 and net earnings of $40 million for the 2Q 2014. Sales for the 2Q 2015 were $1.3 billion, as the company said in the press release received by Lesprom Network.

"Our pulp and paper business performed largely in-line with expectations. Our operations ran well despite the seasonally high level of scheduled maintenance at our mills. The flooding in the U.S. South negatively impacted some of our wood costs and supply, but production curtailments were limited," said John D. Williams, President and CEO. "Our paper shipments year-to-date are outperforming the broader North American uncoated freesheet market by 2.3%. As the trade case progresses, we will continue to monitor further opportunities resulting from lower cut-size imports while continuing to balance our capacity versus our customer demand."

Operating income was $67 million in the 2Q 2015 compared to an operating income of $90 million in the 1Q 2015. Depreciation and amortization totaled $91 million in the 2Q 2015.

Domtar Corporation designs, manufactures, markets and distributes a wide variety of fiber-based products, including communication papers, specialty and packaging papers, and absorbent hygiene products.