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Last €14.65 EUR
Change Today -0.498 / -3.29%
Volume 0.0
7AB1 On Other Exchanges
Symbol
Exchange
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As of 2:00 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

resolute forest products (7AB1) Snapshot

Open
€14.65
Previous Close
€15.15
Day High
€14.65
Day Low
€14.65
52 Week High
04/14/15 - €17.24
52 Week Low
05/29/14 - €10.88
Market Cap
1.4B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
94.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RESOLUTE FOREST PRODUCTS (7AB1)

resolute forest products (7AB1) Related Businessweek News

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resolute forest products (7AB1) Details

Resolute Forest Products Inc. operates in the forest products industry in the United States, Canada, and South Korea. It operates through four segments: Newsprint, Specialty Papers, Market Pulp, and Wood Products. The Newsprint segment produces newsprint and sells to newspaper publishers all over the world and also to commercial printers in North America for uses such as inserts and flyers. The Specialty Papers segment produces specialty papers, including uncoated mechanical papers, such as supercalendered, superbright, high bright, bulky book, and directory papers, as well as coated mechanical papers for use in books, retail inserts, direct mail, coupons, magazines, catalogs, and other commercial printing applications. The Market Pulp segment provides market pulp, recycled bleached kraft pulp, and bleached hardwood kraft pulp used to make a range of consumer products comprising tissue, packaging, specialty paper products, diapers, and other absorbent products. The Wood Products segment produces construction-grade lumber, spruce-pine-fir lumber, I-joists, bed frame components, finger joints, and furring strips. The company markets and sells its products to commercial printers, direct mailers, publishers, catalogers, and retailers. Resolute Forest Products is also involved in the electricity generation business in Canada. Resolute Forest Products Inc. is based in Montréal, Canada.

7,700 Employees
Last Reported Date: 03/2/15

resolute forest products (7AB1) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.1M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $495.5K
Senior Vice President of Wood Products, Procu...
Total Annual Compensation: $452.8K
Chief Legal Officer, Senior Vice President of...
Total Annual Compensation: $395.3K
Senior Vice President of Pulp and Paper Opera...
Total Annual Compensation: $387.0K
Compensation as of Fiscal Year 2014.

resolute forest products (7AB1) Key Developments

Resolute Forest Products Reduces Production Capacity at Quebec Paper Mill

Resolute Forest Products decided to permanently shut down paper machine No. 9 at its Alma paper mill in Quebec, Canada, citing market weakness and fiber cost issues. The company has three paper machines at the Alma mill, with total capacity of 350,000 metric tons. The move reduces total production from the mill by 75,000 metric tons and cuts the company's workforce by 85 jobs.

Resolute Forest Products Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014 ; Provides Earnings Guidance for 2015

Resolute Forest Products Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income, excluding special items, of $36 million, or $0.38 per share, an increase of $4 million, or $0.04 per share, from net income, excluding special items, of $32 million, or $0.34 per share for the same period in 2013. Sales were $1.1 billion in the quarter, down $95 million, or 8%, from $1.15 billion for the fourth quarter of 2013. GAAP net loss was $109 million, or $1.15 per diluted share, compared to a net loss of $3 million, or $0.03 per diluted share, in the fourth quarter of 2013. The company's adjusted EBITDA was $106 million in the quarter, down $4 million from $110 million for the fourth quarter of 2013. When compared to last quarter, the fourth quarter EBITDA essentially reflected lower paper manufacturing costs due to the weaker Canadian dollar, offset by price erosion - mainly newsprint - and seasonally lower volumes of wood products and specialty papers. The company recorded an operating loss of $93 million compared to operating income of $8 million in the year-ago period. Overall pricing fell because of a 5% drop in the average transaction price for newsprint and 3% for specialty papers, offset only in part by a 3% improvement in the average transaction price of market pulp. Loss before income taxes was $130 million compared to $24 million reported a year ago. Adjusted operating income was $47 million compared to $49 million reported a year ago. EBITDA was a loss of $59 million compared to $49 million reported a year ago. For 2014, the company generated net income of $46 million, or $0.49 per share, excluding special items, down from net income, excluding special items, of $107 million, or $1.13 per share, in the previous year. Sales were $4.3 billion, down $203 million, or 5%, from $4.46 billion for 2013. GAAP net loss was $277 million, or $2.93 per diluted share, compared to a net loss of $639 million, or $6.75 per diluted share, in 2013, as the 2013 results were significantly affected by a $572 million non-cash income tax charge. The company's adjusted EBITDA was $366 million in 2014, down $11 million from $377 million for 2013. The company generated an operating loss of $174 million in 2014, compared to a loss of $2 million in 2013. Part of the increase in the loss was due to lower paper pricing and lower shipments of market pulp and specialty papers, which was only partly offset by the increase in the average transaction price for market pulp and the 7% increase in lumber shipments. The weaker Canadian dollar improved operating results by $98 million. Net debt was down to $260 million at year-end. Loss before income taxes was $304 million compared to $115 million reported a year ago. Net cash provided by operating activities was $186 million compared to $206 million reported a year ago. Cash invested in fixed assets was $193 million compared to $161 million reported a year ago. Adjusted operating income was $123 million compared to $134 million reported a year ago. EBITDA was a loss of $14 million compared to $179 million reported a year ago. Looking to end-markets, prices for dimensional lumber trailed off toward the end of the year, but the company remains cautiously optimistic in its outlook for 2015. For 2015, the company expects to spend approximately $200 million of CapEx, including $130 million on value-creating projects.

Resolute Forest Seeks Acquisitions

Resolute Forest Products Inc. (NYSE:RFP) is looking for acquisition. Richard Garneau, President and Chief Executive Officer of Resolute Forest, states, "we want to make sure that we're not going to overpay for any assets. And it is opportunities that we're going to continue to look at them, but we're just going to make sure that the valuations are right. And it is really the strategy that we have and 2015 could provide that kind of opportunities at the right multiple."

 

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