In its Q1 2020 financial report, Domtar reported net earnings of $5 million ($0.09 per share) compared to a net loss of $34 million ($0.59 per share) for the 4Q 2019 and net earnings of $80 million ($1.27 per share) for the 1Q 2019. Sales for the 1Q 2020 were $1.3 billion.
Operating income was $19 million in the 1Q 2020 compared to an operating loss of $15 million in the 4Q 2019. Depreciation and amortization totaled $72 million in the 1Q 2020.
“As the global community reacts to COVID-19 and the large-scale effort to contain it continues, we remain focused on navigating the crisis, keeping our employees and their families safe, serving our customers as an essential business and protecting our financial stability. We are taking steps to reduce spending to further strengthen our balance sheet, liquidity and cash flow while seeking to ensure we are well positioned when the economy starts moving again,” said John D. Williams, president and CEO.
Domtar is a leading provider of a wide variety of fiber-based products.
