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Stock impact report

Resolute Reports Preliminary First Quarter 2020 Results

Resolute Forest Products Inc. (RFP) 
US:NYSE Investor Relations: resolutefp.com/investors
Company Research Source: PR Newswire
US $Q1 GAAP net loss of $1 million / $0.01 per share Adjusted EBITDA of $32 million Completed acquisition of three U.S. South sawmills Operating all segments as essential services, adjusting to economic slowdown MONTRÉAL, April 30, 2020 /PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today reported a net loss for the quarter ended March 31, 2020, of $1 million, or $0.01 per share, compared to net income of $42 million, or $0.45 per diluted share, in the same period in 2019.  Sales were $689 million in the quarter, a decrease of $106 million from the year-ago period.  Excluding special items, the company reported a net loss of $29 million, or $0.33 per share, compared to net income of $30 million, or $0.32 per diluted share, in the first quarter of 2019. "The first quarter's results reflect a resurgence in market prices for lumber that began late in 2019 together with lower maintenance costs in pulp and paper, but they were unfavorably affected by lower newsprint p Show less Read more
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