MONTREAL — Tembec saw consolidated sales fall to $365 million, from $404 million in the corresponding period last year. The company generated a net loss of $16 million compared to net earnings of $30 million in the previous Q3. The current results include approximately $12 million of incremental costs related to planned major maintenance conducted at two large operating sites. Adjusted EBITDA was $2 million, as compared to $30 million a year ago and $12 million in the prior quarter.
Tembec sales drop in Q3
Most Recent
Most Read
CEO shares plans for Home Hardware’s 60th anniversary
Wed, April 24th, 2024
West Fraser posts Q1 financials
Wed, April 24th, 2024
IKEA introduces online financial options
Wed, April 24th, 2024
Retail sales stable in February
Wed, April 24th, 2024
Home Hardware manager wins NHPA award
Tue, April 23rd, 2024
Meet IKEA Canada’s Tanja Fratangeli in our new podcast
Tue, April 23rd, 2024
Two more building centres in Alberta now flying Home banner
Mon, April 22nd, 2024
Immigration measures shouldn’t neglect labour market: CIBC report
Mon, April 22nd, 2024
West Fraser closes sale of pulp mills
Mon, April 22nd, 2024
Castle holds AGM in Las Vegas
Mon, April 22nd, 2024