Tembec reported consolidated sales for the three-month period ended June 24, 2017 of CAD 419 million, as compared to CAD 376 million in the same quarter a year ago.
The company generated operating earnings before depreciation, amortization and other items (adjusted EBITDA) of CAD 59 million for the three-month period ended June 24, 2017, as compared to adjusted EBITDA of CAD 26 million a year ago and adjusted EBITDA of CAD 54 million in the prior quarter.
For the three-month period ended in March 2017, the company reported CAD 387 million consolidated sales.
Earlier Rayonier Advanced Materials and Tembec announced termination of the Hart-Scott-Rodino Waiting Period.
The company is a manufacturer of forest products – lumber, pulp, paper and specialty cellulose. Its core operations are located in Canada and France. Annual sales total approximately CAD 1.5 billion. Tembec has 3,400 employees.