Domtar Corp. (UFS) Tops Q2 EPS by 11c; Sees Q4 Shipments Lower Q/Q

Domtar Corp. (NYSE: UFS) reported Q2 EPS of $0.94, $0.11 better than the analyst estimate of $0.83. Revenue for the quarter came in at $1.41 billion versus the consensus estimate of $1.47 billion.

Domtar paper shipments are expected to decline in the fourth quarter when compared to the third quarter due to seasonality. Domtar will continue to closely monitor its inventory levels and balance its production with its customers' demand. We remain cautious on the short-term pulp outlook due to the recent strengthening of the U.S. dollar and we expect higher input costs due to increased raw material usage in the winter months. We expect the fourth quarter will benefit from lower maintenance activities in our network.

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

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