Domtar q2 earnings per share $0.36 excluding items

Oration reports preliminary second quarter 2020 financial results and announces strategic initiatives.q2 sales $1.0 billion versus refinitiv ibes estimate of $1.04 billion.q2 earnings per share $0.36 excluding items.q2 earnings per share $0.34.q2 earnings per share estimate $-0.48 -- refinitiv ibes data.announces significant cost savings program with expected annual savings of $200 million.commences review of strategic alternatives for personal care division.in paper, expect demand to remain weak, with some incremental recovery expected in quarter three and towards year-end.domtar - expect near-term pulp markets to be impacted by seasonal softness, elevated global inventories, and weak demand trends from paper markets.cost saving initiatives include capacity reduction and asset closures, mill-level cost savings and rightsizing support functions.will permanently close uncoated freesheet manufacturing at kingsport, tennessee and port huron, michigan mills.will permanently close remaining paper machine at ashdown, arkansas mill and converting center in ridgefields, tennessee.permanent closure of mills will reduce co's annual uncoated freesheet paper capacity by about 721,000 short tons.permanent closure of mill will result in a workforce reduction of about 780 employees.kingsport and ashdown paper machines, which have been idled since april 2020, will not recommence operations.
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