Domtar reported net earnings of $87 million for the 4Q 2018 compared to net earnings of $99 million for the 3Q 2018 and a net loss of $386 million for the 4Q 2017. Sales for the 4Q 2018 were $1.4 billion, as the company says in the press release received by Lesprom Network.
“The 4Q was one of our best in several years,” said John D. Williams, President and CEO. “Our results reflect a strong performance in Pulp and Paper as we benefited from solid business fundamentals, accelerating price realizations and improved productivity. I’m especially pleased with our cost performance in the quarter despite fiber availability issues at several of our facilities.”
Operating income was $133 million in the 4Q 2018 compared to operating income of $114 million in the 3Q 2018. Depreciation and amortization totaled $75 million in the 4Q 2018.
For fiscal year 2018, net earnings amounted to $283 million, compared to a net loss of $258 million for fiscal year 2017. Sales amounted to $5.5 billion for fiscal year 2018.
Commenting on the full-year results, Williams said, “We had a strong finish to a great year where we significantly improved EBITDA and cash flow. Our solid performance enabled us to return cash to shareholders, manage our balance sheet to preserve financial flexibility and better position Domtar for sustainable, long-term growth.”
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.
