Data released Canada’s Resolute Forest Products has reported a net income of US$256 million for the second quarter of 2022, down from US$268 million in the same period of 2021.
At the same time, within the pulp market segment, the company’s operating income was US$41 million in the second quarter of 2022, some US$19 million higher compared with the prior quarter.
“Shipments were 29,000 metric tons higher, helping to reduce finished goods inventory by 14,000 metric tons to 68,000 metric tons at quarter-end. The delivered cost rose by $42 per metric ton, mainly due to higher maintenance and fiber costs. EBITDA in the segment improved by $22 million, to $48 million,” the business said in a statement.
Resolute Forest Products says it is a global leader in the forest products industry. Its products include pulp, tissue, wood products and papers marketed in more than 60 countries across the world. The business owns or operates some 40 facilities in the US and Canada.