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Domtar Releases Third Quarter Results

Domtar is out with its third quarter earnings.

The company is reporting net earnings of $20-million compared to $18-million for the second quarter of 2019.

Sales for the third quarter came in at $1.3-billion.

Net earnings in the third quarter of 2018 were $99-million.

President and Chief Executive Officer John Williams says their results in paper improved with lower maintenance and raw material costs.

Williams adds in pulp, downward price adjustments continued in most regions, but they are seeing increasing signs of improvement in supply and demand.

He says for the fourth quarter, maintenance is expected to be higher while paper is expected to be negatively impacted in part by a seasonally unfavourable mix.

Williams is anticipating some volatility in softwood and fluff pulp markets.

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