Domtar Corporation (NYSE: UFS) shared quarterly earning highlights

      

Posted By - Jayne Garner

On Monday Domtar Corporation (NYSE: UFS) has shown upward/downward move of -0.21% and ended the last trade at $42.75. The trading volume was recorded to 590.37K shares as compared to average traded volume of 566.73K shares.

Domtar Corporation (NYSE: UFS) recently stated net earnings of $80M ($1.27 per share) for the first quarter of 2019 contrast to net earnings of $87M ($1.38 per share) for the fourth quarter of 2018 and net earnings of $54M ($0.86 per share) for the first quarter of 2018. Sales for the first quarter of 2019 were $1.4B.

Not Including items listed below, the Company had earnings before items1 of $91M ($1.44 per share) for the first quarter of 2019 contrast to earnings before items1 of $103M ($1.63 per share) for the fourth quarter of 2018 and earnings before items1 of $55M ($0.87 per share) for the first quarter of 2018.

Operating income was $115M in the first quarter of 2019 contrast to operating income of $133M in the fourth quarter of 2018. Depreciation and amortization totaled $73M in the first quarter of 2019.

Operating income before items1 was $129M in the first quarter of 2019 contrast to an operating income before items1 of $148M in the fourth quarter of 2018.

LIQUIDITY AND CAPITAL

Cash flow from operating activities amounted to $55M and capital expenditures were $46M, resulting in free cash flow1 of $9M for the first quarter of 2019. Domtar’s net debt-to-total capitalization ratio1 stood at 23% at March 31, 2019 and at December 31, 2018.