Press releases

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Tembec reports financial results for its fourth fiscal quarter ended September 24, 2016

November 17, 2016

Montreal, Quebec - Consolidated sales for the three-month period ended September 24, 2016, were $389 million, as compared to $373 million in the same quarter a year ago. The Company generated net earnings of $12 million or $0.12 per share in the September 2016 quarter compared to a net loss of $32 million or $0.32 per share in the September 2015 quarter. Operating ear...

Tembec to hold a conference call – Financial results for the fourth fiscal quarter ended September 24, 2016

November 10, 2016

Montreal, Quebec – Tembec’s fourth fiscal quarter results for the period ended September 24, 2016, will be released on Thursday, November 17, 2016. James Lopez, President and Chief Executive Officer and Michel Dumas, Executive Vice President, Finance and Chief Financial Officer will be conducting a conference call intended for financial analysts and institutional investors. The conf...

Tembec announces closing of the sale of its Senneterre, Quebec sawmill

October 31, 2016

Montreal, Quebec – Tembec announced today that it closed the sale of its sawmill and related forestry assets located in Senneterre, Quebec to Resolute Forest Products. The sale also included certain working capital items. The Company received proceeds of approximately $9 million on closing, subject to potential working capital adjustments. The transaction will not give rise to a gain or...

Tembec to sell its Senneterre, Quebec sawmill

September 22, 2016

Montreal, Quebec – Tembec signed a binding agreement with Resolute Forest Products to proceed with the sale of Tembec’s Senneterre sawmill operations. This sale is conditional on the transfer of the sawmill’s wood supply from Tembec to Resolute. Discussions on this transfer with the provincial government authorities will take place over the next several weeks. Tembec will receive...

Tembec reports financial results for its third fiscal quarter ended June 25, 2016

July 28, 2016

Montreal, Quebec - Consolidated sales for the three-month period ended June 25, 2016, were $376 million, as compared to $365 million in the same quarter a year ago. The Company generated net earnings of $9 million or $0.09 per share in the June 2016 quarter compared to a net loss of $16 million or $0.16 per share in the June 2015 quarter. Operating earnings before deprecia...

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