Accordingly, Domtar anticipates continuing to operate in all of its business segments, but the company has taken and may take further temporary steps to reduce its current paper capacity to be in line with current and expected demand levels for the duration of the crisis.The increase in operating income in the first quarter of 2020 was the result of favorable productivity; higher volume; lower selling, general and administrative expenses; lower raw material and freight costs; and favorable exchange rates. We expect demand for softwood and fluff pulp to remain strong in the near-term driven by accelerated growth in tissue and towel, while containment measures across Europe and North America are expected to weigh on certain end-use markets.
Domtar (NYSE:UFS) (TSE:UFS) last released its quarterly […] We continue to closely monitor customer orders and backlogs, and will adjust capacity accordingly, but we anticipate inventory to be at appropriate levels as a result of our recently-announced capacity reduction plan,” said Mr. Williams. Raw material costs are expected to remain stable.Adjustments to reconcile net earnings to cash flows from operating activitiesPaper Shipments - Sourced from 3rd partiesNet cash payments (refund) for:Long-term debt due within one yearNote: the term “ST” refers to a short ton and the term “ADMT” refers to an air dry metric ton.“As the global community reacts to COVID-19 and the large-scale effort to contain it continues, we remain focused on navigating the crisis, keeping our employees and their families safe, serving our customers as an essential business, and protecting our financial stability.
We continue to closely monitor customer orders and backlogs, and will adjust capacity accordingly, but we anticipate inventory to be at appropriate levels as a result of our recently-announced capacity reduction plan," said Mr. Williams.Domtar has implemented COVID-19 response and business continuity plans to protect its employees and their families, to safeguard the continuity of Domtar's operations, and to ensure full support to its customers and partners.
This report by The Canadian Press was first published Jan. 24, 2020. Paper inventories decreased by 30,000 tons, and pulp inventories increased by 24,000 metric tons when compared to the fourth quarter of 2019.Weighted average number of commonOther assets and other liabilitiesDue to the unprecedented market conditions and uncertainty caused by COVID-19, the Company has suspended the payment of its regular quarterly dividend and stock repurchase program in order to preserve cash and provide additional flexibility in the current environment. Paper inventories decreased by 30,000 tons and pulp inventories increased by 24,000 metric tons when compared to the fourth quarter of 2019.Domtar has implemented COVID-19 response and business continuity plans to protect its employees and their families, to safeguard the continuity of Domtar’s operations and to ensure full support of its customers and partners.Due to the unprecedented market conditions and uncertainty caused by COVID-19, the company has suspended the payment of its regular quarterly dividend and stock repurchase program in order to preserve cash and provide additional flexibility in the current environment.
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