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Resolute Forest Products Inc.

pfresolu.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed Nov 3, 2022. Its latest SEC filing is a SC 13G/A from Oct 31, 2024.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Produced market pulp for makers of consumer products, tissue for retail and away-from-home markets, wood products for construction, and paper for newspaper publishers and commercial printers.

How Did They Make Money?

Customers paid for pulp, tissue, paper and wood products when the goods shipped or were delivered, depending on contract terms.

FY2021 revenue

Who Were Their Customers?

Newsprint went to newspaper publishers worldwide and North American commercial printers; specialty papers went mostly to printers, publishers and commercial buyers in North America.

Did Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in FY2021 and turned 15 cents into free cash flow.

Operating income, FY2021
16% of revenue
▲ +490% vs FY2020 ($99M, 4%)
Net income, FY2021
8% of revenue
▲ +2970% vs FY2020 ($10M, 0%)
Free cash flow, FY2021
15% of revenue
▲ +109% vs FY2020 ($256M, 9%)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q3 FY2022, the three months to Sep 30, 2022
Revenue
▲ +19%
vs $817M in Q3 FY2021
Net income
▲ +9%
vs $80M in Q3 FY2021
  • Mar 1, 2023 Domtar completed its acquisition of Resolute Resolute became a wholly owned subsidiary of Domtar, and its shares were delisted from the NYSE.
  • Oct 27, 2022 Resolute and Paper Excellence announced plans to sell the Thunder Bay mill Any sale was contingent on closing the acquisition and regulatory approvals.
  • Jul 7, 2022 Resolute agreed to be acquired by Domtar Each share was to receive $20.50 in cash and one contingent value right.

Held flat. Revenue was $3.7B in FY2021, about the same as the $3.5B of FY2017.

U.S. southern lumber Added U.S. sawmills making southern yellow pine dimension lumber and decking to its Canadian production of spruce-pine-fir dimension lumber.

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