Resolute Reports Preliminary Third Quarter 2020 Results
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Resolute Forest Products (RFP) Misses Q3 EPS by 5c, Revenues Miss
November 5, 2020 7:28 AM ESTResolute Forest Products (NYSE: RFP) reported Q3 EPS of $0.72, $0.05 worse than the analyst estimate of $0.77. Revenue for the quarter came in at $730 million versus the consensus estimate of $778 million.
Q3 GAAP net income of $57 million / $0.66 per diluted shareAdjusted EBITDA of $140 million Net debt down to $541 million / liquidity strengthened to $477 million at quarter-end$38 million YTD EBITDA contribution from our recently acquired U.S. sawmillsRemi G. Lalonde to succeed Yves Laflamme as president and CEO as of March 1"We took advantage of the rally in lumber prices to further... More
