Financial Reports & Markets
Domtar cites net earnings are up in Q2 2018 compared to Q2 2017
August 7, 2018 – Domtar has announced the results of its second-quarter financial report, citing net earnings of $0.68 per share over $0.61 per share in Q2 2017. Sales for the second quarter of 2018 were $1.4 billion.
The price for pulp and paper has continued to improve, despite scheduled maintenance outages at a number of the company’s 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 chief executive officer. “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.”
Operating income was $62 million in the second quarter of 2018 compared to operating income of $77 million in the first quarter of 2018. Depreciation and amortization totaled $79 million in the second quarter of 2018.
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