Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Domtar Reports Q1 Earnings, Sales - Nonwovens Industry

What are you searching for?

Sign in
Financial, Nonwovens News

Domtar Reports Q1 Earnings, Sales

Personal Care sales grow slightly

Author Image

By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

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.”

Add us as a preferred source on Google

Get the latest Nonwovens Industry news, insights and analysis in your Google Search and AI experiences.

Add Nonwovens Industry as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Nonwovens Industry Newsletters

Topics