Domtar Corporation reported net earnings of $57 million for the fourth quarter of 2015 compared to net earnings of $11 million for the third quarter of 2015 and net earnings of $71 million for the fourth quarter of 2014. Sales for the fourth quarter of 2015 were $1.3 billion compared to nearly $1.4 billion in the fourth quarter of 2014. Personal care sales were down slightly in Q4 2015 compared to Q4 2014, with sales at $221 million in 2015 and $230 million in 2014.

For fiscal year 2015, net earnings amounted to $142 million compared to net earnings of $431 million for fiscal year 2014. Sales amounted to $5.3 billion for fiscal year 2015 compared to $5.6 billion for fiscal year 2014.

Commenting on the full-year results, John D. Williams, president and chief executive officer, says, “I am pleased with our full-year performance. Our businesses generated strong free cash flow, and we further advanced on our Personal Care growth plan with a number of important customer wins. Our solid performance enabled us to return cash to shareholders, manage our balance sheet to preserve financial flexibility and better position Domtar for sustainable, long-term growth. Our business transformation is still underway, but our financial results are starting to show the benefits of investments we are making in our facilities, in our people, and in our future.”

Regarding the fourth quarter performance, Williams adds, “In Personal Care, momentum continues to build. We had our best sales quarter to date on a same-currency basis, and we delivered strong year-over-year EBITDA growth. We have made solid progress on capturing the benefits of cost savings from our new manufacturing platform while executing on our growth commitments with top-line benefits expected in 2016.”