Domtar Provides a Business Update
Domtar Corporation (NEW) (UFS)
Last domtar corporation (new) earnings: 2/7 06:55 am
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US:NYSE Investor Relations:
domtar.com/en/investors/index.asp
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Source: Business Wire
(All financial information is in U.S. dollars, unless otherwise noted) FORT MILL, S.C.--(BUSINESS WIRE)--Domtar Corporation (NYSE: UFS) (TSX: UFS) today provided an update on its financial performance for the fourth quarter 2019. Domtar’s management expects fourth quarter 2019 sales to be $1.2 billion and the operating loss to be between $15 and $19 million. EBITDA before items1 is expected to be between $74 and $78 million.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200124005093/en/The expected operating loss in the fourth quarter 2019 includes closure and restructuring costs of approximately $19 million and depreciation and amortization of $74 million. Adjusting the estimated operating loss for these two amounts yields EBITDA before items1.During the fourth quarter, the Company repurchased 2.1 million shares for a total cost of approximately $75 million under our stock repurchase program.“Our fourth quarter results
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