Last10K.com

Domtar Corp (UFS) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

SEC Filings

Domtar Corp

CIK: 1381531 Ticker: UFS

 

Exhibit 99.1

 

 

 

234 Kingsley Park Drive

Fort Mill, South Carolina 29715

 

News Release

 

uiTICKER SYMBOL

Investor RELATIONS

MEDIA RELATIONS

(NYSE: UFS) (TSX: UFS)

Nicholas Estrela

Director

Investor Relations

Tel.: 514-848-5049

David Struhs

Vice-President

Corporate Services and Sustainability

Tel.: 803-802-8031

DOMTAR CORPORATION REPORTS PRELIMINARY FOURTH QUARTER AND FISCAL YEAR 2017 FINANCIAL RESULTS; ANNOUNCES INCREASE TO ITS QUARTERLY DIVIDEND

(All financial information is in U.S. dollars, and all earnings per share results are diluted, unless otherwise noted).

 

Fourth quarter 2017 net loss of $5.42 per share; earnings before items1 of $0.64 per share

Price increases announced for pulp and several uncoated freesheet grades

Announced a 4.8% dividend increase

Fort Mill, SC, February 8, 2018 – 

Domtar Corporation (NYSE: UFS) (TSX: UFS) today reported a net loss of $340 million ($5.42 per share) for the fourth quarter of 2017 compared to net earnings of $70 million ($1.11 per share) for the third quarter of 2017 and net earnings of $47 million ($0.75 per share) for the fourth quarter of 2016. Sales for the fourth quarter of 2017 were $1.3 billion.

Excluding items listed below, the Company had earnings before items1 of $40 million ($0.64 per share) for the fourth quarter of 2017 compared to earnings before items1 of $65 million ($1.03 per share) for the third quarter of 2017 and earnings before items1 of $47 million ($0.75 per share) for the fourth quarter of 2016.

 

Fourth quarter 2017 items:

 

Non-cash goodwill impairment charge associated with Personal Care of $578 million ($573 million after tax);

 

Closure and restructuring costs of $2 million ($1 million after tax);

 

Deferred tax benefit of $186 million related to the U.S. Tax Cuts and Jobs Act of 2017 (U.S. Tax Reform); and

 

Net gain on disposal of property, plant & equipment of $9 million ($8 million after tax).

 

Third quarter 2017 items:

 

Gain on disposal of property, plant & equipment of $4 million ($3 million after tax); and

 

Partial reversal of contingent consideration related to an acquisition of $2 million ($2 million after tax).

 

 

1 

  Non-GAAP financial measure. Refer to the Reconciliation of Non-GAAP Financial Measures in the appendix.

1 / 4


The following information was filed by Domtar Corp (UFS) on Thursday, February 8, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Domtar Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Domtar Corp.

Continue

Assess how Domtar Corp's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Domtar Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Revenue
Financial
Legal
M & A
Other
Filter Subcategory:
All
Product
Expense
Dividend
Earnings
Shares
Geography
Cash Flow
Other
Inside Domtar Corp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statement Of Shareholders' Equity
Consolidated Statement Of Shareholders' Equity (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (parenthetical)
Consolidated Statements Of Earnings (loss) And Comprehensive Income (loss)
Consolidated Statements Of Earnings (loss) And Comprehensive Income (loss) (parenthetical)
Acquisition Of Businesses
Acquisition Of Businesses (tables)
Acquisition Of Businesses - Additional Information (detail)
Acquisition Of Businesses - Fair Value Of Assets Acquired - Home Delivery Incontinent Supplies Co (detail)
Acquisition Of Businesses - Fair Value Of Assets Acquired - Home Delivery Incontinent Supplies Co (parenthetical) (detail)
Changes In Accumulated Other Comprehensive Loss By Component
Changes In Accumulated Other Comprehensive Loss By Component (tables)
Changes In Accumulated Other Comprehensive Loss By Component - Schedule Of Changes In Accumulated Other Comprehensive Loss By Component (detail)
Changes In Accumulated Other Comprehensive Loss By Component - Schedule Of Reclassifications Out Of Accumulated Other Comprehensive Loss (detail)
Closure And Restructuring Costs And Liability
Closure And Restructuring Costs And Liability (tables)
Closure And Restructuring Costs And Liability - Activity In Closure And Restructuring Liability (detail)
Closure And Restructuring Costs And Liability - Additional Information (detail)
Closure And Restructuring Costs And Liability - Components Of Closure And Restructuring Costs By Segment (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Commitments And Contingencies - Anticipated Undiscounted Payments (detail)
Commitments And Contingencies - Changes In Reserve For Environmental Remediation And Asset Retirement Obligations (detail)
Commitments And Contingencies - Changes In Reserve For Environmental Remediation And Asset Retirement Obligations (parenthetical) (detail)
Commitments And Contingencies - Minimum Future Payments Under Operating Leases And Other Commercial Commitments (detail)
Derivatives And Hedging Activities And Fair Value Measurement
Derivatives And Hedging Activities And Fair Value Measurement (tables)
Derivatives And Hedging Activities And Fair Value Measurement - Additional Information (detail)
Derivatives And Hedging Activities And Fair Value Measurement - Currency Values Under Significant Currency Positions Pursuant To Currency Derivatives Outstanding (detail)
Derivatives And Hedging Activities And Fair Value Measurement - Derivative Financial Instruments For Natural Gas Contracts Outstanding (detail)
Derivatives And Hedging Activities And Fair Value Measurement - Fair Value Of Financial Instruments (detail)
Derivatives And Hedging Activities And Fair Value Measurement - Fair Value Of Financial Instruments (parenthetical) (detail)
Earnings (loss) Per Common Share
Earnings (loss) Per Common Share (tables)
Earnings (loss) Per Common Share - Reconciliation Between Basic And Diluted Earnings (loss) Per Common Share (detail)
Earnings (loss) Per Common Share - Securities That Could Potentially Dilute Basic Earnings (loss) Per Common Share In Future (detail)
Goodwill
Goodwill (tables)
Goodwill - Carrying Value And Any Changes In Carrying Value Of Goodwilll (detail)
Impairment Of Goodwill And Property, Plant And Equipment
Impairment Of Goodwill And Property, Plant And Equipment - Additional Information (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Income Taxes - Components Of (loss) Earnings Before Income Taxes (detail)
Income Taxes - Deferred Tax Assets And Liabilities (detail)
Income Taxes - Gross Unrecognized Tax Benefits (detail)
Income Taxes - Provisions For Income Taxes (detail)
Income Taxes - Reconciliation Of Income Tax Expense (benefit) To U.s. Federal Statutory Income Tax (detail)
Intangible Assets
Intangible Assets (tables)
Intangible Assets - Additional Information (detail)
Intangible Assets - Amortization Expense Related To Intangible Assets (detail)
Intangible Assets - Components Of Intangible Assets (detail)
Interest Expense, Net
Interest Expense, Net (tables)
Interest Expense, Net - Components Of Interest Expense, Net (detail)
Interest Expense, Net - Components Of Interest Expense, Net (parenthetical) (detail)
Interim Financial Results
Interim Financial Results (tables)
Interim Financial Results - Schedule Of Interim Financial Results (detail)
Interim Financial Results - Schedule Of Interim Financial Results (parenthetical) (detail)
Inventories
Inventories (tables)
Inventories - Components Of Inventories (detail)
Long-term Debt
Long-term Debt (tables)
Long-term Debt - Additional Information (detail)
Long-term Debt - Components Of Long-term Debt (detail)
Long-term Debt - Components Of Long-term Debt (parenthetical) (detail)
Long-term Debt - Principal Long-term Debt Repayments, Including Capital Lease Obligations (detail)
Other Assets
Other Assets (tables)
Other Assets - Components Of Other Assets (detail)
Other Liabilities And Deferred Credits
Other Liabilities And Deferred Credits (tables)
Other Liabilities And Deferred Credits - Additional Information (detail)
Other Liabilities And Deferred Credits - Components Of Other Liabilities And Deferred Credits (detail)
Other Liabilities And Deferred Credits - Domtar's Asset Retirement Obligations (detail)
Other Operating (income) Loss, Net
Other Operating (income) Loss, Net (tables)
Other Operating (income) Loss, Net - Components Of Other Operating (income) Loss, Net (detail)
Pension Plans And Other Post-retirement Benefit Plans
Pension Plans And Other Post-retirement Benefit Plans (tables)
Pension Plans And Other Post-retirement Benefit Plans - Additional Information (detail)
Pension Plans And Other Post-retirement Benefit Plans - Allocation Of Plan Assets, Based On Fair Value Of Assets Held And Target Allocation (detail)
Pension Plans And Other Post-retirement Benefit Plans - Allocation Of Plan Assets, Based On Fair Value Of Assets Held And Target Allocation (parenthetical) (detail)
Pension Plans And Other Post-retirement Benefit Plans - Amount Recognized In Consolidated Balance Sheets (detail)
Pension Plans And Other Post-retirement Benefit Plans - Change In Accrued Benefit Obligation (detail)
Pension Plans And Other Post-retirement Benefit Plans - Change In Fair Value Of Assets (detail)
Pension Plans And Other Post-retirement Benefit Plans - Changes In Level 3 Fair Value Measurements Of Plan Assets (detail)
Pension Plans And Other Post-retirement Benefit Plans - Changes In Level 3 Fair Value Measurements Of Plan Assets (parenthetical) (detail)
Pension Plans And Other Post-retirement Benefit Plans - Components Of Net Periodic Benefit Cost For Pension Plans And Other Post-retirement Benefit Plans (detail)
Pension Plans And Other Post-retirement Benefit Plans - Effect Of One Percent Change In Assumed Health Care Cost (detail)
Pension Plans And Other Post-retirement Benefit Plans - Estimated Future Benefit Payments From Plans (detail)
Pension Plans And Other Post-retirement Benefit Plans - Fair Value Of Plan Asset By Assets Category (detail)
Pension Plans And Other Post-retirement Benefit Plans - Fair Value Of Plan Asset By Assets Category (parenthetical) (detail)
Pension Plans And Other Post-retirement Benefit Plans - Funded Status Of Plans (detail)
Pension Plans And Other Post-retirement Benefit Plans - Key Assumptions To Measure Accrued Benefit Obligation And Net Periodic Benefit Cost (detail)
Pension Plans And Other Post-retirement Benefit Plans - Pre-tax Amounts Included In Other Comprehensive Income (loss) (detail)
Property, Plant And Equipment
Property, Plant And Equipment (tables)
Property, Plant And Equipment - Additional Information (detail)
Property, Plant And Equipment - Components Of Property, Plant And Equipment (detail)
Recent Accounting Pronouncements
Schedule Ii - Valuation And Qualifying Accounts (detail)
Segment Disclosures
Segment Disclosures (tables)
Segment Disclosures - Additional Information (detail)
Segment Disclosures - Additions To Property, Plant And Equipment (detail)
Segment Disclosures - Analysis And Reconciliation Of Reportable Segment Information (detail)
Segment Disclosures - Analysis And Reconciliation Of Reportable Segment Information (parenthetical) (detail)
Segment Disclosures - Consolidated Assets (detail)
Segment Disclosures - Geographic Information On Sales (detail)
Segment Disclosures - Long-lived Assets (detail)
Shareholders' Equity
Shareholders' Equity (tables)
Shareholders' Equity - Additional Information (detail)
Shareholders' Equity - Changes In Number Of Outstanding Common Stock And Their Aggregate Stated Value (detail)
Shareholders' Equity - Changes In Number Of Outstanding Common Stock And Their Aggregate Stated Value (parenthetical) (detail)
Stock-based Compensation
Stock-based Compensation (tables)
Stock-based Compensation - Additional Information (detail)
Stock-based Compensation - Assumptions Used In Calculating Fair Value Of Options Granted (detail)
Stock-based Compensation - Summary Of Outstanding Awards (detail)
Stock-based Compensation - Summary Of Outstanding Awards, Options (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (detail)
Summary Of Significant Accounting Policies - Amortization Period Of Finite Lived Assets (detail)
Supplemental Guarantor Financial Information
Supplemental Guarantor Financial Information (tables)
Supplemental Guarantor Financial Information - Additional Information (detail)
Supplemental Guarantor Financial Information - Condensed Consolidating Balance Sheet (detail)
Supplemental Guarantor Financial Information - Condensed Consolidating Statement Of Cash Flows (detail)
Supplemental Guarantor Financial Information - Condensed Consolidating Statement Of Earnings And Comprehensive Income (loss) (detail)
Trade And Other Payables
Trade And Other Payables (tables)
Trade And Other Payables - Components Of Trade And Other Payables (detail)
Valuation And Qualifying Accounts
Ticker: UFS
CIK: 1381531
Form Type: 10-K Annual Report
Accession Number: 0001564590-18-002964
Submitted to the SEC: Fri Feb 23 2018 7:03:34 AM EST
Accepted by the SEC: Fri Feb 23 2018
Period: Sunday, December 31, 2017
Industry: Paper Mills

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/ufs/0001564590-18-002964.htm