Domtar Corporation recently reported net earnings of $71 million ($1.10 per share) for the fourth quarter of 2014 compared to net earnings of $281 million ($4.33 per share) for the third quarter of 2014 and net earnings of $65 million ($1.00 per share) for the fourth quarter of 2013.
Sales for the fourth quarter of 2014 were $1.4 billion.
Excluding items listed below, the Company had earnings before items1 of $91 million ($1.41 per share) for the fourth quarter of 2014 compared to earnings before items1 of $61 million ($0.94 per share) for the third quarter of 2014 and earnings before items1 of $68 million ($1.05 per share) for the fourth quarter of 2013.
Commenting on the full-year results, John D. Williams, President and Chief Executive Officer, said, "Looking back at 2014, we delivered a year of strong results with solid free cash flow generation. Overall, we had good operating performance despite lack-of-order downtime in paper and we continued to adjust to rapidly changing market conditions. We also turned an important corner on our journey to build a growing, fiber-based business through acquisitions, strategic investments in manufacturing capacity and the additional repurposing of existing assets. We ended the year with strengthened earnings potential for the long-term."
