Domtar (UFS) Tops Q2 EPS by 12c

Domtar (NYSE: UFS) reported Q2 EPS of ($0.36), $0.12 better than the analyst estimate of ($0.48). Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $1.04 billion.

OUTLOOK:

We expect the overall environment to continue to be challenging. In Paper, we expect demand to remain weak, with some incremental recovery expected in quarter three and towards year-end. We expect near-term pulp markets to be impacted by seasonal softness, elevated global inventories, and weak demand trends from paper markets. Personal Care will continue to benefit from productivity gains and the impact from new customer wins. Overall raw material costs are expected to remain stable.

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

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