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Resolute Forest Products: Results 3Q 2019

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Speaking about the company’s 3Q results, Resolute Forest Products CEO Yves Laflamme, said, “While our results benefited from lower freight costs and a decrease in share-based compensation expense, these favorable items were outweighed by the impact of more plant maintenance outages this quarter and an increase in chemical usage.

“Our tissue business contributed positively to reserve, as we build on gains of the previous quarter, while lumber reserves were largely consistent with those of Q2. By segment, we reported quarterly adjusted EBITDA of negative $5 million in market pulp, down $37 million from the second quarter, $1 million for tissue, wood product was at $4 million down to $2 million, newsprint $11 million, a reduction of $14 million and $15 million in specialty papers, down $11 million from the previous quarter.”


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