These metrics are presented as a complement to enhance the understanding of operating results but not in substitution for GAAP results.
Except to the extent required by law, we expressly disclaim any obligation to update or revise these forward-looking statements to reflect new events or circumstances or otherwise.Stock-based compensation expenseThe increase in operating income in the first quarter of 2020 was the result of favorable productivity, higher volume, lower selling, general and administrative expenses, lower raw material and freight costs and favorable exchange rates. Domtar Corporation (NYSE:UFS) (TSX:UFS.TO) will release its second quarter 2020 financial results before markets open on Friday, August 7, 2020. ET The health and safety of Domtar’s employees remains its central focus as the Company works to operate its business as efficiently as possible to meet the needs of its customers.Copyright © 2020 The Owensboro Times. Find the latest press releases from Domtar Corporation (NEW) Common Stock (UFS) at Nasdaq.com. Management believes that the financial metrics are useful to understand our operating performance and benchmark with peers within the industry. 5 / 5 To learn more, visit www.domtar.com . Important. 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. Financial analysts are invited to participate in the call by dialing 1-800-367-2403. There were no changes to our consolidated sales or operating income.Cash flows provided from (used for) financing activitiesother post-retirement contributions andReceivables, less allowances of $10 and $6“Earnings before items”, “Earnings before items per diluted share”, “EBITDA”, “EBITDA margin”, “EBITDA before items”, “EBITDA margin before items”, “Free cash flow”, “Net debt” and “Net debt-to-total capitalization” have no standardized meaning prescribed by GAAP and are not necessarily comparable to similar measures presented by other companies and therefore should not be considered in isolation or as a substitute for Net earnings (loss) or any other earnings statement, cash flow statement or balance sheet financial information prepared in accordance with GAAP. Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced it has completed its purchase of the Point of Sale (POS) paper business from Appvion Operations, Inc. To learn more, visit www.domtar.com.
The Company will release its second quarter 2020 earnings results on July 30, 2020 before markets open, followed by a conference call at 10:00 a.m. (ET) to discuss results. It is important for readers to understand that certain items may be presented in different lines by different companies on their financial statements, thereby leading to different measures for different companies.Operating income (loss) before itemsAs a result of changes in our organization structure, we have changed our segment reporting.
number of common shares outstanding (diluted)Income and other taxes receivableCommenting on Personal Care, Mr. Williams added, “We had a record sales and EBITDA quarter.
Statements in this release about our plans, expectations and future performance, including the statements by Mr. Williams and those contained under “Outlook,” are “forward-looking statements.” Actual results may differ materially from those suggested by these statements for a number of reasons, including the COVID-19 pandemic and the resulting decrease in paper sales and the challenges we face in maintaining manufacturing operations, changes in customer demand and pricing, changes in manufacturing costs, future acquisitions and divestitures, including facility closings, and the other reasons identified under “Risk Factors” in our Form 10-K for 2019 as filed with the SEC and as updated by subsequently filed Form 10-Qs. : 514-848-5049 David Struhs Vice-President Corporate Services and Sustainability Tel. We are optimistic that we have taken the right actions to effectively manage the business through these evolving market conditions.”Domtar announced Monday they will lay off approximately 400 employees as they plan to temporarily idle the operations of the Hawesville mill starting May 5.The company expects to restart the H1 paper machine in June 2020, while the H2 paper machine will remain idled until July 2020. We regret the impact these temporary shutdowns will have on our Kingsport and Ashdown employees and their families, and we are doing everything we can to support them during this time.”Domtar’s other facilities remain fully operational, and continue to ship products to all states and provinces without disruption.
This press release features multimedia. Combined, the temporary shutdowns will reduce production capacity by approximately 227,000 short tons of uncoated freesheet paper. Domtar Personal Care representatives participated in an International Council on Active Aging task force to address post-COVID-19 issues, including the role adult incontinence products play in emotional health and active living.
Press Release Domtar Provides Update on Capacity Reduction Plan to Address Ongoing COVID-19 Business Conditions Published: April 27, 2020 at 9:00 a.m. Q2 - 2020. As a result, Domtar will lay off approximately 304 employees at its Kingsport mill and 142 employees at its Ashdown mill. Media Advisory: Domtar Corporation First Quarter 2020 Financial Results View All Press Releases