07.27.16
Domtar Corporation reported net earnings of $18 million for the second quarter of 2016 compared to net earnings of $4 million for the first quarter of 2016 and net earnings of $38 million for the second quarter of 2015. Sales for the second quarter of 2016 were $1.3 billion.
In Domtar’s Personal Care segment, the company reported $228 million in sales in the second quarter of 2016 compared to $216 million in sales in the second quarter of 2015.
John D. Williams, president and CEO, says: “We had a solid performance given the extensive scheduled maintenance outages and the Ashdown conversion. Our focus on costs and execution resulted in below-plan maintenance spending, and we benefited from higher pulp and paper prices with the implementation of recently announced price increases. The conversion of the Ashdown paper machine to fluff pulp continues to progress, with the start-up scheduled over the next few days. This is another milestone within our strategic roadmap of pursuing growth opportunities that capitalize on our core competencies.
“In Personal Care, our sales momentum continues to build, with sales increasing 6% year-over-year as a result of new customer wins. During the quarter, we continued to reinvest in growth, mostly to complete our product assortment, enhance consumer and category insights and deliver innovation to secure additional sales expansion.”
In Domtar’s Personal Care segment, the company reported $228 million in sales in the second quarter of 2016 compared to $216 million in sales in the second quarter of 2015.
John D. Williams, president and CEO, says: “We had a solid performance given the extensive scheduled maintenance outages and the Ashdown conversion. Our focus on costs and execution resulted in below-plan maintenance spending, and we benefited from higher pulp and paper prices with the implementation of recently announced price increases. The conversion of the Ashdown paper machine to fluff pulp continues to progress, with the start-up scheduled over the next few days. This is another milestone within our strategic roadmap of pursuing growth opportunities that capitalize on our core competencies.
“In Personal Care, our sales momentum continues to build, with sales increasing 6% year-over-year as a result of new customer wins. During the quarter, we continued to reinvest in growth, mostly to complete our product assortment, enhance consumer and category insights and deliver innovation to secure additional sales expansion.”