Displaying items by tag: Domtar Corporation

dom logoDomtar Corporation will release its fourth quarter 2013 financial results before markets open on Friday, February 7, 2014.

A conference call will be held to discuss the results at 10:00 a.m. (ET) the same day.

Financial analysts are invited to participate in the call by dialing 1-866-321-8231 (North America) or 1-416-642-5213 (International). Media and other interested individuals are invited to listen to the live webcast at www.domtar.com.

A replay will be available by dialing 1-888-203-1112 (North America) or 1-647-436-0148 (International) using access code 5674179 until February 21, 2014.

SOURCE Domtar Corporation

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  • About

    About Domtar 
    Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets and distributes a wide variety of fiber-based products including communication papers, specialty and packaging papers and absorbent hygiene products. The foundation of its business is a network of world class wood fiber converting assets that produce papergrade, fluff and specialty pulps. The majority of its pulp production is consumed internally to manufacture paper and consumer products. Domtar is the largest integrated marketer of uncoated freesheet paper in North America with recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a leading marketer and producer of a broad line of incontinence care products marketed primarily under the Attends® brand name as well as baby diapers. In 2012, Domtar had sales of US$5.5 billion from some 50 countries. The Company employs approximately 10,000 people. To learn more, visit www.domtar.com.

  • Contacts

    MEDIA AND INVESTOR RELATIONS
    Pascal Bossé
    Vice-President
    Corporate Communications and Investor Relations
    Tel.: 001-514-848-5938

Published in financial News
Thursday, 21 November 2013 12:50

Carbon project unlocks value of southern forests

dom logoA Domtar-supported cash-for-carbon exchange developed by Asheville, N.C.,-based Dogwood Alliance and office-supply giant Staples, Inc., has resulted in the first sales of carbon offsets by forest landowners in two Southern states.

Called Carbon Canopy, this first-of-its-kind exchange was created to encourage sustainable development of the nation's forests. It is designed to deliver the following outcomes: landowners receive revenue for their carbon, but also agree to follow Forest Stewardship Council (FSC) sustainable forestry practices; forest-product companies agree to purchase sustainably harvested timber from Carbon Canopy landowners; and corporate partners purchase the related carbon assets, which reduce their energy footprints and support a marketplace that promotes forest conservation.

The first two sales contracts involve the owners of 14,000 acres of FSC-certified forest in Western North Carolina and Southwestern Virginia, and will create more than 100,000 metric tons of carbon offsets in their first year.

"As a partner in the Carbon Canopy initiative, Domtar is proud to support this innovative approach to expanded FSC forest management certification and enhanced return to landowners. We congratulate Dogwood Alliance, Staples and other key partners for their commitment to unlocking the value of forests,'' said Paige Goff, Domtar's Vice-President - Sustainability and Business Communications.

FSC-certified timber is Domtar's preferred source for its wood fiber and in 2010. The Company formed the Four States Timberland Owners Association to assist Southern landowners and managers in obtaining sustainable forest management certification. Domtar and 55 individual landowners representing more than 70,000 acres of forestland achieved certification in November 2012. For this effort, Domtar received the American Forest & Paper Association's 2013 sustainable forest management award.

For more information on how the Carbon Canopy exchange operates and its benefits for landowners, forest-product companies, corporate green leaders and the ecosystem, please refer to the press release issued today by Dogwood Alliance.

SOURCE Domtar Corporation

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  • About

    Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets and distributes a wide variety of fiber-based products including communication papers, specialty and packaging papers and absorbent hygiene products. The foundation of its business is a network of world class wood fiber converting assets that produce papergrade, fluff and specialty pulps. The majority of its pulp production is consumed internally to manufacture paper and consumer products. Domtar is the largest integrated marketer of uncoated freesheet paper in North America with recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a leading marketer and producer of a broad line of incontinence care products marketed primarily under the Attends® brand name as well as baby diapers. In 2012, Domtar had sales of US$5.5 billion from some 50 countries. The Company employs approximately 9,500 people. To learn more, visit www.domtar.com.

  • Contacts

    Stefan Nowicki
    Manager - Communications and Government Relations
    Tel : (803) 802-8101
    stefan.nowicki@domtar.com

Published in North American News

dom logoA Domtar-sponsored news-on-paper initiative putting the latest Associated Press (AP) headlines on restaurant receipts in Washington, D.C. offers further proof that paper has value, the key message in the company's award-winning "PAPERbecause" advertising campaign.

After testing whether diners would read the latest news on printed receipts in two of the capital's most famous restaurants - the Old Ebbitt Grill and The Hamilton - the Clyde's Restaurant Group has decided to implement this initiative in all of their locations. Clyde's operates 14 of the best known restaurants in the Washington area.

"The news updates have made it onto our menus, they've become part of our DNA," said David Moran, Managing Director of the two restaurants. "At first we thought their initial acceptance might just be the novelty of having the top headlines printed right out of the receipt system, but we can see that diners find the updates compelling," Moran said.

"The 'news receipts' have worked despite diners' access to their smartphones, a demonstration of the power, speed and convenience of paper," said Kathy Wholley, Domtar's Director of Communications and Strategy. "This news-on-paper initiative goes to the heart of what we're trying to convey in our 'PAPERbecause' advertising campaign."

The software that weaves the AP headlines into the restaurant work stations was written by MICROS Systems of Columbia, Maryland, which supplies software to more than 300,000 restaurants worldwide. When a waiter punches up a meal receipt, a separate news ticket comes out. The system looks for an update every two minutes.

Washington journalist Frank Mankiewicz, one of the people behind the initiative, said, "Many experts told us to get a life and go digital. But our argument is based on the same reasons newspapers keep publishing ink-on-paper: There is a wonderful human connectivity to paper that works."

The news receipts update the top dozen AP news stories from around the world, including the weather and stocks. Each receipt flags Domtar's award-winning ad campaign at www.paperbecause.com and delivers one of its signature messages, "Paper is Good. Pass it On.

SOURCE Domtar Corporation

Additional Info

  • About

    About DomtarDomtar Corporation designs, manufactures, markets and distributes a wide variety of fiber-based products including communication papers, specialty and packaging papers and absorbent hygiene products. The foundation of its business is a network of world class wood fiber converting assets that produce papergrade, fluff and specialty pulps. The majority of its pulp production is consumed internally to manufacture paper and consumer products. Domtar is the largest integrated marketer of uncoated freesheet paper in North America with recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a leading marketer and producer of a broad line of incontinence care products marketed primarily under the Attends® brand name as well as baby diapers. In 2012, Domtar had sales of US$5.5 billion from some 50 countries. The Company employs approximately 9,500 people. To learn more, visit www.domtar.com.

Published in North American News

dom logoDomtar Corporation has announced the closing of the previously announced sale of its Ariva business in the United States. The purchaser is privately-held Central National-Gottesman Inc., and the business will be integrated into Lindenmeyr Munroe, a division of Central National-Gottesman.

Ariva's Canadian operations are not affected by the transaction and will be consolidated into Domtar's Pulp and Paper Division.

Read the previously announced sale of its Ariva business in the United States here....>

SOURCE Domtar Corporation

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  • About

    About Domtar 
    Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets and distributes a wide variety of fiber-based products including communication papers, specialty and packaging papers and absorbent hygiene products. The foundation of its business is a network of world class wood fiber converting assets that produce papergrade, fluff and specialty pulps. The majority of its pulp production is consumed internally to manufacture paper and consumer products. Domtar is the largest integrated marketer of uncoated freesheet paper in North America with recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a leading marketer and producer of a complete line of incontinence care products marketed primarily under the Attends® brand name as well as baby diapers. In 2012, Domtar had sales of US$5.5 billion from some 50 countries. The Company employs approximately 9,500 people. To learn more, visit www.domtar.com.

  • Contacts

    Pascal Bossé
    Vice-President
    Corporate Communications and Investor Relations
    Tel.: 514-848-5938

Published in Canadian News

dom logoDomtar Corporation has announced that it has entered into an agreement to sell its Ariva business in the United States to privately-held Central National-Gottesman Inc. The business will be integrated into Lindenmeyr Munroe ("Lindenmeyr"), a division of Central National-Gottesman, and the transaction is expected to close at the end of July 2013, subject to customary closing conditions.

"Our employees' efforts to adjust to a rapidly changing printing industry are commendable and I am appreciative of their dedication over the years," said John D. Williams, President and Chief Executive Officer of Domtar. "Today's decision to rationalize and sell the business represents the best alternative for our shareholders and the agreement with Lindenmeyr, a well-established and long-time valued business partner of Domtar, will assure business continuity for customers. Lindenmeyr has committed to quickly assess its business requirements and this will provide employment opportunities for Ariva's employees."

In a subsequent transaction that Domtar is not party to, immediately following the closing of the sale, the purchaser, Central National-Gottesman Inc., has agreed to sell the US Midwest portion of the Ariva business to The Millcraft Paper Company, a family-run paper merchant based in Cleveland, Ohio.

Ariva has approximately 400 employees in the United States. Headquartered in Covington, Kentucky, Ariva operates from 15 locations in the United States across eight states in the Northeast and Midwest regions. Domtar will take proper measures to assist the employees affected by the transaction in accordance with its policies.

Ariva's Canadian operations are not affected by the transaction. The Canadian operations will be consolidated into Domtar's Pulp and Paper Division as they had been historically, upon closing of the transaction.

SOURCE Domtar Corporation

Additional Info

  • About

    About Domtar
    Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets and distributes a wide variety of fiber-based products including communication papers, specialty and packaging papers and absorbent hygiene products. The foundation of its business is a network of world class wood fiber converting assets that produce papergrade, fluff and specialty pulps. The majority of its pulp production is consumed internally to manufacture paper and consumer products. Domtar is the largest integrated marketer of uncoated freesheet paper in North America with recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a leading marketer and producer of a complete line of incontinence care products marketed primarily under the Attends® brand name as well as baby diapers. Domtar owns and operates Ariva®, a network of strategically located paper and printing supplies distribution facilities. In 2012, Domtar had sales of US$5.5 billion from some 50 countries. The Company employs approximately 9,800 people. To learn more, visit www.domtar.com.

    About Central National-Gottesman Inc.
    Founded in 1886 and headquartered in Purchase, New York, Central National-Gottesman Inc. is a leading international marketer of pulp and paper. The company has sales offices in 28 U.S. cities and 23 countries worldwide. CNG operates several divisions, including its U.S. Distribution Division, the largest independent paper merchant in the U.S., comprised of Lindenmeyr, Spicers Paper, Inc. and Kelly Paper Company; and Central National, a global provider of pulp, paper, and packaging. The company's sales of pulp and paper exceed $4 billion annually. To learn more, please visit www.cng-inc.com.

  • Contacts

    FOR MORE INFORMATION 

    Stuart Lister
    Manager
    Corporate Communications and Public Affairs
    Tel: 514-848-5555 ext. 85515

Published in Canadian News

dom logoA northwestern Pennsylvania paper mill is still in business even as state police investigate the cause of a fire in a conveyor tunnel used to deliver wood chips to the plant.

The fire was reported Friday about 12:30 p.m. at the Domtar Paper Co. site in Johnsonburg, about 100 miles northeast of Pittsburgh. Nearly 200 firefighters from 25 departments in six counties helped battle the blaze until about 11 a.m. Saturday. Nobody was injured.

Domtar spokesman Craig Timm says the plant is using a manual backup system to deliver chips, while a fire marshal investigates the cause of the fire in a 1,000-foot tunnel beneath the 125-year-old plant.

Police say extensive damage to the tunnel might delay that investigation several days.

Timm says he can't comment on the investigation or on any damage estimate.

Additional Info

  • About

    About Domtar

    Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets and distributes a wide variety of fiber-based products including communication papers, specialty and packaging papers and adult incontinence products. The foundation of its business is a network of world class wood fiber converting assets that produce papergrade, fluff and specialty pulps. The majority of its pulp production is consumed internally to manufacture paper and consumer products. Domtar is the largest integrated marketer of uncoated freesheet paper in North America with recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a leading marketer and producer of a complete line of incontinence care products marketed primarily under the Attends® brand name as well as baby diapers. Domtar owns and operates Ariva®, a network of strategically located paper and printing supplies distribution facilities. In 2012, Domtar had sales of US$5.5 billion from some 50 countries. The Company employs approximately 9,900 people. To learn more, visit www.domtar.com.

  • Contacts

    MEDIA AND INVESTOR RELATIONS
    Pascal Bossé
    Vice-President
    Corporate Communications and Investor Relations
    Tel.: 514-848-5938

Published in North American News
Monday, 15 July 2013 11:30

Domtar Provides Business Update

dom logoDomtar Corporation has provided an update on its financial performance for the second quarter of 2013. Domtar's management expects sales to be $1,312 million and estimates the operating loss to be between $30 and $35 million.

EBITDA before items1 will be between $130 and $135 million primarily due to a combination of costs related to maintenance shutdowns, lower pulp productivity, lower paper and pulp shipments and higher costs for freight. During the second quarter of 2013, paper and pulp shipments stood at 801,000 tons and 344,000 metric tons, respectively.

Estimated operating loss in the second quarter of 2013 includes a litigation settlement charge of $49 million, closure and restructuring costs of $18 million, a charge of $5 million related to the impairment and write-down of property, plant and equipment, and depreciation and amortization of $93 million. Adjusting estimated operating loss for these four amounts yields EBITDA before items1.

"We had sub optimal pulp productivity and unusually high costs due to significant planned maintenance and delayed restarts in our pulp mills." said John D. Williams, President and Chief Executive Officer.  "However, a closer look at our operations demonstrates that by quarter end we made very good progress on addressing production issues in the Pulp and Paper business. We remain confident that we will return to more normalized productivity levels across the business by the end of the third quarter."

Domtar will release its second quarter of 2013 financial results before markets open on Thursday, July 25, 2013. A conference call will be held to discuss the results at 10:00 a.m. (ET) the same day. Financial analysts are invited to participate in the call by dialing 1-866-321-8231 (North America) or 1-416-642-5213 (International). Media and other interested individuals are invited to listen to the live webcast at www.domtar.com. A replay will be available by dialing 1-888-203-1112 (North America) or 1-647-436-0148 (International) using access code 5591030 until August 8, 2013.

(All financial information is in U.S. dollars, unless otherwise noted.)

SOURCE Domtar Corporation

Additional Info

  • About

    About Domtar

    Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets and distributes a wide variety of fiber-based products including communication papers, specialty and packaging papers and adult incontinence products. The foundation of its business is a network of world class wood fiber converting assets that produce papergrade, fluff and specialty pulps. The majority of its pulp production is consumed internally to manufacture paper and consumer products. Domtar is the largest integrated marketer of uncoated freesheet paper in North America with recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a leading marketer and producer of a complete line of incontinence care products marketed primarily under the Attends® brand name as well as baby diapers. Domtar owns and operates Ariva®, a network of strategically located paper and printing supplies distribution facilities. In 2012, Domtar had sales of US$5.5 billion from some 50 countries. The Company employs approximately 9,900 people. To learn more, visit www.domtar.com.

  • Contacts

    MEDIA AND INVESTOR RELATIONS
    Pascal Bossé
    Vice-President
    Corporate Communications and Investor Relations
    Tel.: 514-848-5938

Published in financial News

Domtar Corporation (NYSE: UFS) (TSX: UFS) and Federal and State Officials invite the media to attend a press event to mark the inauguration of a commercial-scale lignin separation plant - the first U.S. facility of its type in more than 25 years.

Who: The Honorable Tom Vilsack, Secretary, United States Department of Agriculture
  The Honorable G.K. Butterfield, United States House of Representatives
  John D. Williams, President and Chief Executive Officer, Domtar Corporation
  Michael Edwards, Senior Vice-President, Pulp and Paper Manufacturing, Domtar Corporation
  Dennis Askew, Vice-President and Mill Manager, Domtar Corporation
   
What: Tour of the lignin separation plant, presentations on the commercial applications of lignin from Federal officials and Domtar leaders, and panel discussion with industry experts and customers
   
When:  Friday, June 7, 2013, 8:30 a.m. to 1 p.m. ET
   
Where:
Domtar Plymouth Mill
Highway 149
Plymouth, NC 27962
From the security checkpoint, all visitors will be directed to the training center
   
Why: The production of Domtar's BioChoice™ lignin marks a big win for sustainability, providing a bio-based alternative to the use of petroleum and other fossil fuels across a wide range of applications. This includes adhesives, agricultural chemicals, carbon products, coatings, dispersants, fuels and fuel additives, natural binders, resins and thermoplastics.
  Lignin is a fundamental building block of wood fiber historically underutilized in the pulp manufacturing process. With rising energy prices, the economics of petroleum-based substrates in the making of consumer goods are shifting. This provides tremendous business opportunities for plant-based materials.
  The press event will help explain the technology and its market applications, as well as the potential to secure jobs in rural communities by leveraging an abundant, underused renewable material.
   

Interested media are required to contact Stefan Nowicki, Manager, Communications and Government Relations, Domtar Corporation, at 803-802-8099 x68099, to confirm attendance no later than June 4 at 5:00 p.m. ET. Please bring official press passes and picture I.D to facilitate access to the site.

SOURCE Domtar Corporation

Additional Info

  • About

    About Domtar
    Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets and distributes a wide variety of fiber-based products including communication papers, specialty and packaging papers and adult incontinence products. The foundation of its business is a network of world class wood fiber converting assets that produce papergrade, fluff and specialty pulps. The majority of its pulp production is consumed internally to manufacture paper and consumer products. Domtar is the largest integrated marketer of uncoated freesheet paper in North America with recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a leading marketer and producer of a complete line of incontinence care products marketed primarily under the Attends® brand name. Domtar owns and operates Ariva®, a network of strategically located paper and printing supplies distribution facilities. In 2012, Domtar had sales of US$5.5 billion from some 50 countries. The Company employs approximately 9,300 people. To learn more, visit www.domtar.com.

  • Contacts

    INVESTOR RELATIONS

    Pascal Bossé
    Vice-President
    Corporate Communications and Investor Relations
    Tel.: 514-848-5938


    FOR MORE INFORMATION 

    Stefan Nowicki
    Manager
    Communications and Government Relations
    Tel.: 803-802-8099 x68099

Published in Exhibitions

domtar rollA paper company has announced plans to invest $20 million in its facility in Hancock County and retain 452 jobs. Domtar Paper Company LLC says it will upgrade and add equipment to its Hawesville operation.

Domtar operates 13 mills throughout the world, including its pulp and paper facility in northwestern Kentucky. The Hancock County plant makes an estimated 80,000 tons of market hardwood pulp—used for paper production—and about 600,000 tons of printing grade paper each year.

One of the changes at the plant will be a new conveyor system, which Domtar says will lower operating costs and reduce greenhouse gas emissions from the facility.

Published in North American News

Benefits of higher paper volumes and pulp prices compared to fourth quarter offset by higher production costs
(All financial information is in U.S. dollars, and all earnings per share results are diluted, unless otherwise noted.)

First quarter 2013 net earnings of $1.29 per share, earnings before items1 of $0.95 per share

Inaugurated a commercial-scale lignin removal plant at the Plymouth, NC mill

Personal Care volumes up 7% when compared to pro forma first quarter 2012

Share buyback totaled $47 million in the first quarter of 2013

TICKER SYMBOL
(NYSE: UFS) (TSX: UFS)

Domtar Corporation (NYSE: UFS) (TSX: UFS) today reported net earnings of $45 million ($1.29 per share) for the first quarter of 2013 compared to net earnings of $19 million ($0.54 per share) for the fourth quarter of 2012 and net earnings of $28 million ($0.76 per share) for the first quarter of 2012. Sales for the first quarter of 2013 amounted to $1,345 million.

Excluding items listed below, the Company had earnings before items1 of $33 million ($0.95 per share) for the first quarter of 2013 compared to earnings before items1 of $46 million ($1.31 per share) for the fourth quarter of 2012 and earnings before items1 of $61 million ($1.65 per share) for the first quarter of 2012.

First quarter 2013 items:

Conversion of $26 million ($18 million after tax) of alternative fuel tax credits into cellulosic biofuel producer income tax credits of $55 million ($33 million after tax) resulting in a net gain after tax of $15 million;

Charge of $10 million ($7 million after tax) related to the impairment and write-down of property, plant and equipment;

Gain on the sale of property, plant and equipment of $10 million ($6 million after tax); and

Premium paid and costs related to the debt repurchase of $3 million ($2 million after tax), included in interest expense.

Fourth quarter 2012 items:

Closure and restructuring costs of $27 million ($18 million after tax);

Charge of $12 million ($8 million after tax) related to the impairment and write-down of property, plant and equipment and intangible assets; and

Net losses on the sale of property, plant and equipment of $2 million ($1 million after tax).

First quarter 2012 items:

Premium paid and costs related to the debt repurchase of $50 million ($30 million after tax), included in interest expense;

Closure and restructuring costs, including write-down of property, plant and equipment, of $3 million ($2 million after tax); and

Negative impact of purchase accounting of $1 million ($1 million after tax).

"The first quarter results in our paper business were disappointing and this is due to low productivity, resulting in high costs," said John D. Williams, President and Chief Executive Officer. "While we benefited from better paper pricing than we expected, the reconfiguration of our Marlboro, South Carolina operations resulted in multiple paper grade transfers, upsetting productivity at several of our paper mills. We anticipate a return to a more normalized productivity in the quarters to come." John D. Williams added, "Our personal care business remains on track and the capital investments should start to deliver the expected benefits towards the end of 2013."

QUARTERLY REVIEW

Operating income before items1 was $75 million in the first quarter of 2013 compared to an operating income before items1 of $84 million in the fourth quarter of 2012. Depreciation and amortization totaled $95 million in the first quarter of 2013.

(In millions of dollars)

 

1Q 2013

 

4Q 2012

Sales

 

$1,345

 

$1,327

Operating income (loss)

       

 

Pulp and Paper segment

 

39

 

40

 

Distribution segment

 

(1)

 

(8)

 

Personal Care segment

 

13

 

13

 

Corporate

 

(2)

 

(2)

 

Total

 

49

 

43

Operating income before items1

 

75

 

84

Depreciation and amortization

 

95

 

96

The decrease in operating income before items1 in the first quarter of 2013 was the result of higher usage for energy and chemicals, higher unit costs for fiber, lower average selling prices for paper, higher general production costs and higher selling, general and administrative and other expenses. These factors were partially offset by higher volumes for paper, lower costs for planned maintenance, higher average selling prices for pulp and a favorable exchange rate.

When compared to the fourth quarter of 2012, paper shipments increased 2.9% and pulp shipments decreased 3.4%. Paper deliveries of Ariva® increased 9.8% when compared to the fourth quarter of 2012. The shipments-to-production ratio for paper was 104% in the first quarter of 2013, compared to 97% in the fourth quarter of 2012. Lack-of-order downtime and machine slowdowns in papers totaled 8,000 short tons in the first quarter of 2013. Paper inventories decreased by 34,000 tons while pulp inventories increased by 16,000 metric tons at the end of March, compared to December levels.

LIQUIDITY AND CAPITAL

Cash flow provided from operating activities amounted to $63 million and capital expenditures amounted to $56 million, resulting in free cash flow1 of $7 million for the first quarter of 2013. Domtar's net debt-to-total capitalization ratio1 stood at 18% at March 31, 2013 compared to 16% at December 31, 2012.

Domtar returned a total of $63 million to its shareholders through a combination of dividend and share buybacks in the first quarter of 2013. Under its stock repurchase program, Domtar repurchased a total of 9,266,503 shares of common stock at an average price of $79.87 since the implementation of the program in May 2010. At the end of the first quarter of 2013, Domtar had $258 million remaining under this program.

OUTLOOK

We expect continued momentum in pulp markets with moderate improvement in pricing and steady shipments. In papers, our volumes are expected to stay relatively similar to the first quarter in the near term. The second quarter will be affected by the usual seasonal higher maintenance activity in pulp, while input costs are expected to decline slightly, notably due to lower usage of energy.

EARNINGS CONFERENCE CALL

The Company will hold a conference call today at 10:00 a.m. (ET) to discuss its first quarter 2013 financial results. Financial analysts are invited to participate in the call by dialing at least 10 minutes before start time 1 (866) 321-8231 (toll free - North America) or 1 (416) 642-5213 (International), while media and other interested individuals are invited to listen to the live webcast on the Domtar Corporation website at www.domtar.com.

The Company will hold its 2013 Annual Meeting of Stockholders on Wednesday, May 1st, 2013 at 9:00 a.m. (ET) at the Montreal Museum of Fine Arts, Claire and Marc Bourgie Pavilion, 1339 Sherbrooke Street West, Montreal, Quebec. The Company will release its second quarter 2013 earnings on July 25, 2013 before markets open, followed by a conference call at 10:00 a.m. (ET) to discuss results. The date is tentative and will be confirmed approximately three weeks prior to the official earnings release date.

For the full release with tables please follow this link.....

Additional Info

  • About

    About Domtar
    Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets and distributes a wide variety of fiber-based products including communication papers, specialty and packaging papers and adult incontinence products. The foundation of its business is a network of world class wood fiber converting assets that produce papergrade, fluff and specialty pulps. The majority of its pulp production is consumed internally to manufacture paper and consumer products. Domtar is the largest integrated marketer of uncoated freesheet paper in North America with recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a leading marketer and producer of a complete line of incontinence care products marketed primarily under the Attends® brand name. Domtar owns and operates Ariva®, a network of strategically located paper and printing supplies distribution facilities. In 2012, Domtar had sales of US$5.5 billion from some 50 countries. The Company employs approximately 9,300 people. To learn more, visit www.domtar.com.

  • Contacts

    MEDIA AND INVESTOR RELATIONS
    Pascal Bossé
    Vice-President
    Corporate Communications and Investor Relations
    Tel.: 514-848-5938

Published in financial News
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