Domtar (UFS) Tops Q2 EPS by 48c, Offers Outlook

Domtar (NYSE: UFS) reported Q2 EPS of $0.61, $0.48 better than the analyst estimate of $0.13. Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.26 billion.

OUTLOOK

Domtar paper shipments are expected to trend with market demand in the second half of 2016. Our paper business should continue to benefit from recently announced price increases while we expect some short-term pricing volatility in pulp. Lower maintenance activity and better productivity should positively impact results in Pulp and Paper. Personal Care results are expected to benefit from the new customer wins, market growth and cost savings from the new manufacturing platform. Raw material unit costs are expected to moderately increase.

For earnings history and earnings-related data on Domtar (UFS) click here.

You May Also Be Interested In

• Freightos Limited (CRGO) Tops Q2 EPS by 3c ; Offers Guidance
• Benchmark Reiterates Buy Rating on Odysight.AI Inc. (ODYS)
• INVO Fertility (IVF) Tops Q2 EPS by 105c