Domtar Corporation reported net earnings of $54 million for the 1Q 2018, compared to a net loss of $386 million for the 4Q 2017 and net earnings of $20 million for the 1Q 2017. Sales for the 1Q 2018 were $1.3 billion, as the company said in the press release received by Lesprom Network.
Operating income was $77 million in the 1Q 2018 compared to an operating loss of $513 million in the 4Q 2017. Depreciation and amortization totaled $79 million in the 1Q 2018.
“We continued to see strong price momentum for our products in the 1Q with higher price realizations in both of our pulp and paper businesses,” said John D. Williams, President and CEO. “Despite improved results, some of our operations were adversely affected by severe weather, notably in our pulp business, which impacted production and costs. Constrained availability of trucking options also contributed to higher than expected freight costs in the 1Q. Nevertheless, the short-term outlook for pulp and paper markets continues to be favorable.”
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.
