Domtar (UFS) Tops Q1 EPS by 30c

Domtar (NYSE: UFS) reported Q1 EPS of $0.09, $0.30 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.25 billion.

OUTLOOK:

The high degree of uncertainty and volatility day-to-day and the longer term potential impacts of the economic lockdown remain unclear. In Paper, we expect significantly lower demand in the second quarter. We expect demand for softwood and fluff pulp to remain strong in the near-term driven by accelerated growth in tissue and towel, while containment measures across Europe and North America are expected to weigh on certain end-use markets. Personal Care will continue to benefit from higher usage and the impact from new customer wins, but we expect a portion of the demand increase from consumer stock-up may reverse later in the year. Raw material costs are expected to remain stable.

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

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