Domtar Corporation (NYSE: UFS) announced that its CEO, John D. Williams, has contracted Covid-19 and is taking a temporary medical leave. Daniel Buron, the current Senior Vice-President and CFO, will oversee the company's operations in Mr. Williams's absence. The Board of Directors reassures that business will continue as normal under the management team. Domtar, a leading provider of fiber-based products with annual sales of approximately $5.2 billion, employs around 8,800 people globally.
Domtar Corporation (NYSE: UFS) announced its tentative quarterly earnings schedule for 2021. The earnings dates are as follows: First Quarter on May 6, Second Quarter on August 5, Third Quarter on November 4, and Fourth Quarter on February 10, 2022. Each release will be accompanied by a conference call at 10:00 a.m. (ET) to discuss the results. Domtar, a provider of fiber-based products, reported annual sales of approximately $5.5 billion and employs around 8,800 people across more than 50 countries.
Domtar Corporation (NYSE: UFS) will disclose its fourth quarter and full-year 2020 financial results on February 11, 2021, before the market opens. A conference call for financial analysts will take place at 10:00 a.m. ET to discuss the results. The public can access the live webcast through the company's website. Domtar is a global leader in fiber-based products, generating approximately $5.2 billion in annual sales and employing around 8,800 people worldwide.
Domtar Corporation (NYSE: UFS) has announced the sale of its Personal Care business to American Industrial Partners for $920 million. This decision follows a strategic review initiated on August 7, 2020, and aims to enhance shareholder value. The sale is expected to strengthen Domtar's financial position by reducing debt approximately by $600 million, allowing for $300 million in share repurchases. Domtar plans to focus on its Paper, Pulp, and Packaging segments, with significant investments in a new lightweight containerboard facility in Kingsport, Tennessee, expected to start construction in Q2 2021.
Domtar Corporation (NYSE: UFS) reported a net loss of $92 million ($1.67 per share) for Q3 2020, contrasting with a net earnings of $19 million ($0.34 per share) in Q2 2020 and $20 million ($0.32 per share) in Q3 2019. Total sales reached $1.1 billion, while earnings before items were $18 million ($0.33 per share). Key factors included impairment and restructuring costs totaling $179 million, leading to an operating loss of $136 million. Free cash flow was $93 million, with a net debt-to-total capitalization ratio of 28% at the end of the quarter.
Domtar Corporation (NYSE: UFS) will announce its Q3 2020 financial results on November 6, 2020, before the market opens. A conference call for financial analysts is scheduled at 10:00 a.m. ET. Interested parties can listen to the live webcast on Domtar's website. Domtar, based in Fort Mill, SC, specializes in fiber-based products with annual sales of approximately $5.2 billion and operates in over 50 countries.