Tembec announces quarter financials; net loss of $4 million

MONTREAL , (Press Release) - Consolidated sales for the three-month period ended September 27, 2008 were $629 million, down from $675 million in the comparable period of the prior year. The Company generated a net loss of $4 million or $0.04 per share in the September quarter compared to net earnings of $22 million or $0.25 per share in the comparable three-month period of the prior year. Earnings before unusual items, interest, income taxes, depreciation, amortization and other non-operating expenses (EBITDA) was $29 million for the three-month period ended September 27, 2008, as compared to EBITDA of $23 million a year ago and EBITDA of $9 million in the prior quarter.

Wood News Service subscribers - click here to read the full article.

Not a subscriber?

In the long-term, what is the best strategy for your company to pursue?

Specialize in one grade
Focus on several grades
Diversify into other areas (e.g. energy)
Exit pulp and papermaking

View Previous Poll Results