Domtar Corporation reported net earnings of $39 million for the first quarter of 2014 compared to net earnings of $65 million for the fourth quarter of 2013 and net earnings of $45 million for the first quarter of 2013. Sales for the first quarter of 2014 were $1.3 billion.
“Severe winter weather across much of the eastern part of North America negatively impacted some of our pulp and paper operations,” says John Williams, president and CEO. “In particular, our mills experienced greater than normal energy and fiber costs and reduced productivity. Nonetheless, we benefited from higher pulp and paper prices with the successful implementation of price increases.”
Meanwhile, in the company’s personal care division, where earnings increase,d the integration of Inda, Spain’s largest maker of adult incontinence products, is progressing well and the business performed in line with our expectations in the first quarter.