Resolute Reports Preliminary Fourth Quarter and 2019 Results
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Resolute Forest Products (RFP) Misses Q4 EPS by 28c, Revenues Miss
January 30, 2020 7:11 AM ESTResolute Forest Products (NYSE: RFP) reported Q4 EPS of ($0.59), $0.28 worse than the analyst estimate of ($0.31). Revenue for the quarter came in at $668 million versus the consensus estimate of $706 million.
"Our fourth quarter results reflect bottom-of-the-cycle conditions in market pulp, ongoing pricing pressures in paper grades and the slow pricing recovery in lumber," said Yves Laflamme, president and chief executive officer. "The pending acquisition of three sawmills in the U.S. South is an important step in our transformation strategy; it will give us immediate scale in an attractive region, with quality... More
