Domtar's CEO Expects Q2 Earnings to Dip

http://www.paperage.com/2013news/07_12_2013domtar_2Q_guidance.html

Domtar Corp. today 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.