05.01.18
Domtar Corporation reported net earnings of $54 million for the first quarter of 2018 compared to a net loss of $386 million for the fourth quarter of 2017 and net earnings of $20 million for the first quarter of 2017. Sales for the first quarter of 2018 were $1.3 billion.
Personal Care sales in the first quarter of 2018 were $262 million compared to $247 million in the first quarter of 2017.
“We continued to see strong price momentum for our products in the first quarter with higher price realizations in both of our pulp and paper businesses,” says John D. Williams, president and chief executive officer.
Commenting on Personal Care, Williams adds, “Our results in Personal Care were in line with our expectations. While our margins were impacted by higher raw material prices and lower selling prices, we are taking actions to reduce costs in order to improve performance. We continue to mitigate headwinds, with a focus on continued cost savings and converting our sales pipeline into new wins.”
Personal Care sales in the first quarter of 2018 were $262 million compared to $247 million in the first quarter of 2017.
“We continued to see strong price momentum for our products in the first quarter with higher price realizations in both of our pulp and paper businesses,” says John D. Williams, president and chief executive officer.
Commenting on Personal Care, Williams adds, “Our results in Personal Care were in line with our expectations. While our margins were impacted by higher raw material prices and lower selling prices, we are taking actions to reduce costs in order to improve performance. We continue to mitigate headwinds, with a focus on continued cost savings and converting our sales pipeline into new wins.”