Resolute Reports Preliminary First Quarter 2021 Results
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Adjusted EBITDA of $221 million
Net debt at $449 million / liquidity at $653 million at quarter-end
Repurchased 1.7 million shares in Q1 (2%) / 8.7 million in last twelve months (10%)
Recent U.S. pension relief measures to improve free cash flow by approx. $30 million/year
Target to reduce GHG emissions by 30% against 2015 levels by 2025
MONTRÉAL, April 29, 2021 /PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today reported net income for the quarter ended March 31 of $87 million, or $1.06 per diluted share, compared to net loss of $1 million, or $0.01 per share, in the same period in 2020. Sales were $873 million in the quarter, an increase of $184 million from the year-ago period. Excluding special items, the company reported net income of $119 million, or $1.45 per diluted share, compared to a net loss of $29 million, or $0.33 per share, in the first quarte
Resolute Reports Preliminary Fourth Quarter and 2020 Results
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Adjusted EBITDA of $129 million in the quarter / $338 million for the full year
Net debt down by $93 million to $448 million / year-end liquidity at $693 million
Repurchased 2.1 million shares in Q4 / 6.9 million (8%) in 2020
Completed private offering of $300 million 4.875% senior unsecured notes
MONTRÉAL, Feb. 4, 2021 /PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today reported a net loss for the quarter ended December 31, 2020, of $52 million, or $0.63 per share, compared to a net loss of $71 million, or $0.79 per share, in the same period in 2019. Sales were $769 million in the quarter, an increase of $101 million from the year-ago period. Excluding special items, the company reported net income of $45 million, or $0.55 per diluted share, compared to a net loss of $53 million, or $0.59 per share, in the fourth quarter of 2019.