10.27.16
Domtar Corporation reported net earnings of $59 million for the third quarter of 2016 compared to net earnings of $18 million for the second quarter of 2016 and net earnings of $11 million for the third quarter of 2015. Sales for the third quarter of 2016 were $1.3 billion.
Sales in the personal care segment were $231 million in the third quarter of 2016, up slightly from $214 million in the third quarter of 2015.
“We had a solid operating performance despite the market related downtime in paper,” says John D. Williams, president and CEO. “Productivity improved due to lower planned maintenance outages, and we further benefited from our continuous improvement program efforts resulting in lower costs. We are making meaningful progress with the ramp-up of the Ashdown fluff pulp machine with milestones achieved throughout the quarter. Production of bale softwood pulp is underway with the fluff qualification period set to begin in the fourth quarter.”
Mr. Williams adds, “Strong sales momentum continued in Personal Care; our topline is growing faster than market with year-over-year growth of 8%. The recent acquisition of Home Delivery Incontinent Supplies Co., a leading national direct-to-consumer provider of incontinence products, will support our Personal Care growth strategy going forward.”
Sales in the personal care segment were $231 million in the third quarter of 2016, up slightly from $214 million in the third quarter of 2015.
“We had a solid operating performance despite the market related downtime in paper,” says John D. Williams, president and CEO. “Productivity improved due to lower planned maintenance outages, and we further benefited from our continuous improvement program efforts resulting in lower costs. We are making meaningful progress with the ramp-up of the Ashdown fluff pulp machine with milestones achieved throughout the quarter. Production of bale softwood pulp is underway with the fluff qualification period set to begin in the fourth quarter.”
Mr. Williams adds, “Strong sales momentum continued in Personal Care; our topline is growing faster than market with year-over-year growth of 8%. The recent acquisition of Home Delivery Incontinent Supplies Co., a leading national direct-to-consumer provider of incontinence products, will support our Personal Care growth strategy going forward.”