NASDAQ 100 % ()
FTSE 100 % ()
S&P 500 % ()
BTC/USD % ()
XRP/USD % ()
ETH/USD % ()
GBP/USD % ()
GOLD % ()
SILVER % ()

RFP

Resolute Forest Products Inc. New York Stock Exchange
$16
Open: $14.82 High: $15.1 Low: $14.28 Close: $15.1
Range: 2021-05-06 - 2021-05-07
Volume: 770,580
Market: Closed
Powered by Finage Stock APIDelayed data
RFP
Resolute Forest Products Inc. 111 Robert-Bourassa Boulevard Montreal QC, H3C 2M1 http://www.resolutefp.com
Resolute Forest Products Inc is engaged in the forest products industry which includes newsprint, specialty papers, market pulp, wood products and others. The company owns or operates facilities in the United States, Canada, and South Korea.
  • CEO: Yves Laflamme
  • Employees: 7,700
  • Sector: Basic Materials
  • Industry: Forest Products
RFP News
Latest news about the RFP
  • Sawmills Are Selling Boards Faster Than They Can Cut Them

    (Bloomberg) -- Lumber demand is so strong that Resolute Forest Products Inc.’s order book exceeds its inventory, according to Chief Executive Officer Remi Lalonde.After trucking and railcar shortages hampered shipments during the first quarter, Resolute is now holding extra inventories at a time of record wood prices, Lalonde said during a conference call Thursday. Still, even those stockpiles aren’t enough to satisfy the North American building boom, so Resolute is ramping up output. Full-year production is expected to rise by 7%.Lumber futures have surged 85% this year amid sky-high demand from homebuilders and remodelers. The price touched an all-time high of $1,334.60 per thousand board feet two days ago and on Thursday surged by the $32 maximum allowed under Chicago Mercantile Exchange rules.“We’re selling volume that we haven’t sawed yet,” the CEO said. The inventory buildup during a price rally was “kind of a happy accident.”Idle SawmillsInvestors punished Resolute for posting adjusted per-share profit that trailed every analyst estimate compiled by Bloomberg. Executives cited the transportation snags for the underperformance. The stock plunged as much as 17%.To boost output, Resolute restarted a mill in Ontario that had been idle for two years, as well as one in Arkansas. Before Thursday, Resolute shares had more than doubled in a year, pushing the company’s market valuation to more than $1 billion.The shares were down 15% at $13.23 at 2:39 p.m. in New York.Also on Thursday, Canfor Corp. said first-quarter lumber shipments were 7% below the prior three-month period. The company blamed severe winter weather in the U.S. South that disrupted deliveries, as well as transportation constraints in Canada.Record IncomeStill, the lumber rally and improved global pulp-market conditions meant it reaped record operating income of C$603 million ($490 million). This compared with an C$88.8 million loss a year earlier.“This unprecedented pricing substantially outweighed the impacts of higher market-related log costs in Western Canada, combined with moderately lower North American shipment volumes stemming from transportation constraints,” and a stronger Canadian dollar,” Canfor said in a statement.Global lumber demand is expected to remain solid with strong home building and remodeling to continue through June, the Vancouver-based company said.Canfor dropped as much as 4.6%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

    View More →
  • Why Resolute Forest Products Stock Sank Today

    Canadian pulp and paper manufacturer Resolute Forest Products (NYSE: RFP) provided investors with preliminary first-quarter 2021 financial results today, and the market didn't approve. Resolute reported that Q1 earnings are expected to come in at $1.06 per share. Resolute's wood products business was expected to thrive in today's environment of high lumber prices.

    View More →
  • Resolute Forest Products, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / April 29, 2021 / Resolute Forest Products, Inc. (NYSE:RFP) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on April 29, 2021 at 9:00 AM Eastern Time.

    View More →
  • Resolute Reports Preliminary First Quarter 2021 Results

    Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today reported net income for the quarter ended March 31 of $87 million, or $1.06 per diluted share, compared to net loss of $1 million, or $0.01 per share, in the same period in 2020. Sales were $873 million in the quarter, an increase of $184 million from the year-ago period. Excluding special items, the company reported net income of $119 million, or $1.45 per diluted share, compared to a net loss of $29 million, or $0.33 per share, in the first quarter of 2020.

    View More →
  • Resolute Forest Products: Transformation Strategy and the Price Tag

    This Prem Watsa favorite's promise is challenged by its fundamentals and share price

    View More →
  • Resolute Extends Maturity and Resets Term Loan Facility Under Senior Secured Credit Agreement

    Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that it amended its $360 million senior secured credit agreement dated October 28, 2019. The purpose of the amendment is: to repay the $180 million of pre-amendment term loans by drawing on the revolving facility and using cash on hand; to extend the maturity date of the revolving facility from 2025 to 2027; to reduce the spread on the term loan facility by up to 10 basis points; and to reinstate in full the $180 million term loan facility, with maturities of up to ten years, with a delay draw period of up to three years. All other terms are substantially unchanged.

    View More →
  • Resolute Forest Products Inc.'s (NYSE:RFP) Stock Is Going Strong: Have Financials A Role To Play?

    Resolute Forest Products (NYSE:RFP) has had a great run on the share market with its stock up by a significant 65% over...

    View More →
  • Media Advisory - Resolute to Host Management Call to Discuss First Quarter 2021 Results

    Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) expects to announce its first quarter financial results on April 29, 2021, at 7:00 a.m. (ET), and to hold a conference call to discuss the results at 9:00 a.m. (ET).

    View More →
  • Why Do These Value Investors Love Resolute Forest Products?

    A look at a common holding of Prem Watsa and Francis Chou

    View More →
  • Resolute to Hold its Annual Meeting of Stockholders on May 21, 2021

    Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) will hold its virtual annual meeting of stockholders on Friday, May 21, 2021, at 9 a.m. (Eastern).

    View More →
  • Resolute Sets Target to Reduce GHG Emissions by 30%

    Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced its commitment to reduce absolute greenhouse gas (GHG) emissions (scope 1 and 2) by 30% against 2015 levels by 2025. This new target builds on the company's 83% reduction in absolute GHG emissions from year-2000 levels, two-thirds of which reflect reductions in emission intensity. By achieving its target, the company will have reduced its emissions by nearly 700,000 metric tons of CO2 equivalents per year compared to its 2015 level.

    View More →
  • Here's What Resolute Forest Products Inc.'s (NYSE:RFP) Shareholder Ownership Structure Looks Like

    If you want to know who really controls Resolute Forest Products Inc. ( NYSE:RFP ), then you'll have to look at the...

    View More →
  • Amway Acclaimed by Frost & Sullivan for Adopting a Membership Model for Its Flagship eSpring™ HWT Solution

    Amway's filtration system uses UV and carbon filtration to remove contaminants and particles from water while maintaining essential minerals and nutrientsSINGAPORE, Feb. 8, 2021 /CNW/ -- Based on its recent analysis of the home water treatment (HWT) market, Frost & Sullivan recognizes Amway Corp.

    View More →
  • Resolute Reports Preliminary Fourth Quarter and 2020 Results

    Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today reported a net loss for the quarter ended December 31, 2020, of $52 million, or $0.63 per share, compared to a net loss of $71 million, or $0.79 per share, in the same period in 2019. Sales were $769 million in the quarter, an increase of $101 million from the year-ago period. Excluding special items, the company reported net income of $45 million, or $0.55 per diluted share, compared to a net loss of $53 million, or $0.59 per share, in the fourth quarter of 2019.

    View More →
  • Resolute Closes $300 Million Senior Unsecured Notes Offering

    2, 2021 /CNW Telbec/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that it closed the private offering of $300 million aggregate principal amount of its 4.

    View More →
  • Ontario Lottery and Gaming Corporation - EVENING LOTTERY WINNING NUMBERS - January 22, 2021

    TORONTO, Jan. 22, 2021 /CNW/ - Friday 22/01/2021POKER LOTTOWinning Hand: 3-D, K-D, J-H, 4-C, 6-C.

    View More →
  • Resolute Prices $300 Million Senior Unsecured Notes Offering

    Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that it priced the private offering of $300 million aggregate principal amount of its senior unsecured notes due 2026 (the "2026 Notes") at 4.875% and 100% of par value. The 2026 Notes will be unsecured and will be guaranteed by all of Resolute's material wholly owned U.S. subsidiaries. Resolute expects to use the net proceeds from the offering of the 2026 Notes, together with cash on hand and/or borrowings under the Company's senior secured asset-based revolving credit facility and/or its senior secured credit facility, to redeem all of its outstanding 5.875% senior notes due 2023 (the "2023 Notes"), of which $375 million aggregate principal amount is currently outstanding. The Company today instructed the 2023 Notes indenture trustee to give a notice of redemption to redeem all outstanding 2023 Notes on February 18, 2021 at a price of 100.000% of the aggregate principal amount thereof, plus interest to, but not including the redemption date and depositing the redemption price for the 2023 Notes with the 2023 Notes indenture trustee. The redemption is conditional on, among other things, the Company's successful consummation of the sale of the 2026 Notes. The 2026 Notes offering is expected to close on February 2, 2021, subject to customary closing conditions.

    View More →
  • Resolute Forest Products Inc. -- Moody's rates Resolute's new notes B2; affirms B1 CFR, outlook now stable

    Moody's Investors Service, ("Moody's") assigned a B2 rating to Resolute Forest Products Inc.'s (Resolute) proposed $300 million senior unsecured notes due 2026, affirmed the company's B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR), upgraded Resolute's speculative grade liquidity rating to SGL-1 from SGL-2, and changed the rating outlook to stable from negative. Resolute (B1 CFR) benefits from: (1) significant end-market and product diversity with leading market positions across several paper and forest product sectors; (2) operating flexibility across North America with 17 sawmills (following the recent acquisition of Conifex Timber Inc in February 2020), 10 newsprint and specialty paper mills, five commodity pulp mills and three tissue facilities (including the company's new mill in Calhoun (Tennessee)); (3) strong liquidity; and (4) growing lumber, tissue and pulp businesses that partially offset a declining paper business.

    View More →
  • Resolute Announces Proposed Offering of $300 Million Senior Unsecured Notes

    Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) (or the "Company" or "Resolute") today announced that it has launched a private offering for $300 million aggregate principal amount of senior unsecured notes due 2026 (the "2026 Notes"). The 2026 Notes will be unsecured and will be guaranteed by all of Resolute's current and future wholly-owned U.S. subsidiaries that guarantee the Company's senior secured asset-based revolving credit facility (the "ABL Credit Facility") and/or its senior secured credit facility (the "Senior Secured Credit Facility"). Resolute expects to use the net proceeds from the offering of the 2026 Notes, together with cash on hand and/or borrowings under the ABL Credit Facility and/or the Senior Secured Credit Facility, to redeem all of the outstanding $375 million aggregate principal amount of its 5.875% Senior Notes due 2023 (the "2023 Notes"). Resolute expects to instruct the trustee under the 2023 Notes indenture to issue a conditional notice of redemption with respect to the outstanding $375 million aggregate principal amount of Resolute's 2023 Notes for a redemption in accordance with the optional redemption provisions of the 2023 Notes indenture to occur on or about February 18, 2021 at a price of 100.000% of the aggregate principal amount thereof, plus interest to, but not including the redemption date. The redemption is conditional on, among other things, the completion of this offering and the availability of the necessary cash on hand and/or borrowings under the ABL Credit Facility and/or Senior Secured Credit Facility to make the full redemption payment.

    View More →
  • Resolute Announces Appointment of Sylvain A. Girard as Chief Financial Officer

    Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that Sylvain A. Girard will join the company and be appointed as senior vice president and chief financial officer as of March 2, 2021. His term will begin the day after Remi G. Lalonde, currently Resolute's senior vice president and chief financial officer, assumes the position of president and chief executive officer. Mr. Girard will report to Mr. Lalonde.

    View More →