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Domtar Reports Second Quarter Earnings, Sales

Reports personal care sales of $216 million.

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Domtar Corporation reported net earnings of $38 million for the second quarter of 2015 compared to net earnings of $36 million for the first quarter of 2015 and net earnings of $40 million for the second quarter of 2014. Sales for the second quarter of 2015 were $1.3 billion.
 
In its personal care segment, Domtar reported second quarter sales of $216 million, down slightly from the $234 million reported in the second quarter of 2014.
 
“Our pulp and paper business performed largely in-line with expectations. Our operations ran well despite the seasonally high level of scheduled maintenance at our mills. The flooding in the U.S. South negatively impacted some of our wood costs and supply, but production curtailments were limited,” says John D. Williams, president and CEO. “Our paper shipments year-to-date are outperforming the broader North American uncoated freesheet market by 2.3%. As the trade case progresses, we will continue to monitor further opportunities resulting from lower cut-size imports while continuing to balance our capacity versus our customer demand.”
 
He adds, “Personal Care turned in a solid performance. Same currency sales increased 3% year over year while our cost savings program continued to deliver according to plan, driving a 300 basis-point margin improvement. Momentum in the business is growing, and we are operating and executing with more consistency. We remain focused on sharpening our strategies and capabilities that will deliver sustainable growth and value creation in this segment.”

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