Nov 22, 2013. /Lesprom Network/. Tembec's consolidated sales for the three-month period ended September 28, 2013, were $352 million, as compared to $443 million in the same quarter a year ago. Tembec generated net earnings of $6 million or $0.06 per share in the September 2013 quarter compared to a net loss of $47 million or $0.47 per share in the September 2012 quarter, as the company said in the press release received by Lesprom Network.

Operating earnings before depreciation, amortization and other items (adjusted EBITDA) was $25 million for the three-month period ended September 28, 2013, as compared to adjusted EBITDA of $23 million a year ago and adjusted EBITDA of $30 million in the prior quarter.

For the fiscal year ended September 28, 2013, consolidated sales were $1.5 billion, as compared to $1.7 billion in the prior year. The Company generated a net loss of $34 million or $0.34 per share compared to a net loss of $82 million or $0.82 per share in fiscal 2012. Adjusted EBITDA was $98 million compared to $64 million in the prior year.

The Specialty Cellulose Pulp segment generated adjusted EBITDA of $22 million on sales of $117 million for the 4Q, compared to adjusted EBITDA of $19 million on sales of $120 million in the prior quarter. The sales decline of $3 million was due to lower shipments of pulp.

The Forest Products segment generated adjusted EBITDA of $1 million on sales of $105 million for the quarter ended September 2013, compared to adjusted EBITDA of $7 million on sales of $110 million in the prior quarter. Sales decreased by $5 million due to lower lumber prices. The net effect decreased sales and adjusted EBITDA by $8 million or $41 per mbf. Lumber shipments were equal to 86% of capacity versus 83% in the prior quarter. Sawmill manufacturing costs were unchanged from the prior quarter.

The Paper Pulp segment generated negative adjusted EBITDA of $2 million on sales of $73 million for the 4Q , compared to adjusted EBITDA of $3 million on sales of $106 million in the prior quarter. The $33 million decrease in sales was due to lower shipments of pulp. In May 2013, the Company completed the sale of its remaining NBSK mill located in Skookumchuck, BC. During the prior quarter, the mill generated sales of $23 million and adjusted EBITDA of $3 million.

The Paper segment generated adjusted EBITDA of $8 million on sales of $81 million for the quarter ended September 2013, compared to adjusted EBITDA of $6 million on sales of $86 million in the prior quarter. Lower shipments led to the $5 million decrease in sales.

Tembec is a manufacturer of forest products - lumber, pulp, paper and specialty cellulose - and a global leader in sustainable forest management practices. Principal operations are in Canada and France.