Domtar 1Q 2016 preliminary results: earnings before items down 54% from year ago to $22 million; Personal Care group shows strong EBITDA growth
FORT MILL, SC, April 28, 2016-
(All financial information is in U.S. dollars, and all earnings per share results are diluted, unless otherwise noted).
Domtar Corporation today reported net earnings of $4 million ($0.06 per share) for the first quarter of 2016 compared to net earnings of $57 million ($0.91 per share) for the fourth quarter of 2015 and net earnings of $36 million ($0.56 per share) for the first quarter of 2015. Sales for the first quarter of 2016 were $1.3 billion.
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