"This quarter's solid performance builds on the momentum established earlier in the year," said Richard Garneau, president and chief executive officer. "Our results benefitted from continued strength in our market pulp and wood products segments as well as from substantial improvements in the cost position of our paper segments following capacity closures and restructuring of operations announced earlier this year. In tissue, our sales effort continues to progress, but our results were negatively impacted by Hurricane Irma."
Non-GAAP financial measures, such as adjustments for special items and adjusted EBITDA, are explained and reconciled below:
http://resolutefp.mediaroom.com/2017-11-02-Resolute-Reports-Preliminary-Third-Quarter-2017-Results
Resolute Reports Preliminary Third Quarter 2017 Results
Resolute Reports Preliminary Third Quarter 2017 Results
Article ID:
21375
Adjusted EBITDA of $118 million
Montréal, Nov. 2, 2017 /CNW Telbec/ – Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today reported net income for the quarter ended September 30, 2017, of $24 million, or $0.26 per share, compared to net income of $14 million, or $0.15 per share, in the same period in 2016. Sales were $885 million in the quarter, essentially unchanged from the third quarter of 2016. Excluding special items, the company reported net income of $31 million, or $0.34 per share, compared to net income, excluding special items, of $15 million, or $0.17 per share, in the third quarter of 2016.
Author
Michael Spinner-Just
Date
2017-11-03 10:51
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