Resolute Reports Preliminary First Quarter 2019 Results
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Resolute Forest Products (RFP) Misses Q1 EPS by 1c, Revenues Miss
April 30, 2019 7:15 AM EDTResolute Forest Products (NYSE: RFP) reported Q1 EPS of $0.32, $0.01 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $795 million versus the consensus estimate of $888 million.
Q1 GAAP net income of $42 million / $0.45 per shareAdjusted EBITDA of $104 million in the quarterRepurchased $225 million of senior notesLiquidity strong at $595 millionNet debt to adjusted EBITDA at 0.6x"Our diversified asset base continued to produce strong EBITDA in the quarter despite building market pressure in some of our businesses," said Yves Laflamme, president and chief... More
