Domtar reported net earnings of $43 million ($0.68 per share) for the 2Q 2018 compared to net earnings of $54 million ($0.86 per share) for the 1Q 2018 and net earnings of $38 million ($0.61 per share) for the 2Q 2017. Sales for the 2Q 2018 were $1.4 billion, as the company said in the press release received by Lesprom Network.
Operating income was $62 million in the 2Q 2018 compared to operating income of $77 million in the 1Q 2018. Depreciation and amortization totaled $79 million in the 2Q 2018.
“We had a solid performance in Pulp and Paper given the extensive scheduled maintenance outages at several facilities. Both businesses are providing us with good sales and cash flow, and we are building on several important initiatives,” said John D. Williams, president and CEO. “We continued to implement our announced price increases throughout the quarter with higher price realizations in both pulp and paper, which helped offset higher maintenance and inflation on some raw material and freight costs.”
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.