Domtar Corporation reported net earnings of $27 million for the 3Q 2013 compared to a net loss of $46 million for the 2Q 2013 and net earnings of $66 million for the 3Q 2012. Sales for the 3Q 2013 were $1,375 million, as the company said in the press release received by Lesprom Network.
“Our 3Q results were driven by improved productivity in our pulp business and continued growth in our personal care business," said John D. Williams, President and CEO. "Pulp and paper plays a vital role as the cash-generation platform in our journey to expand into higher-growth opportunities, and we are focused on running the business as efficiently as possible to ensure that we continue to extract maximum value from our assets. During the quarter, we finished the reconfiguration of our Kamloops pulp mill following the closure of a pulp line and a recovery boiler, and we continue to look for opportunities to further improve our output. Additionally, closing the sale of the Ariva U.S. business marked further progress in our transformation as we work to drive enhanced value for our shareholders.”
Mr. Williams added, "Our personal care business continues its earnings progression with the ongoing integration of the recent AHP acquisition. While 3Q results were negatively impacted by an inventory adjustment at a large retail customer, we are enthusiastic about the long-term prospects for personal care and remain on track to deliver more than $200 million of EBITDA by 2017 with our existing platform."
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.