Press releases

Tembec reports financial results for its third quarter ended June 28, 2014

July 31, 2014

Montreal, Quebec - Consolidated sales for the three-month period ended June 28, 2014, were $404 million, as compared to $399 million in the same quarter a year ago. The Company generated net earnings of $30 million or $0.30 per share in the June 2014 quarter compared to a net loss of $7 million or $0.07 per share in the June 2013 quarter. The June 2014 results include a ga...

Tembec to hold a conference call – Financial results for the third fiscal quarter ended June 28, 2014

July 24, 2014

Montreal, Quebec – Tembec’s third fiscal quarter results for the period ended June 28, 2014, will be released on Thursday, July 31, 2014. 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 conference call ...

Tembec amends and extends its asset-based secured revolving credit facility

June 26, 2014

Montreal, Quebec – Tembec (the “Company”) today announced that it has successfully amended its asset-based secured revolving credit facility (the “ABL Facility”) with GE Capital and CIBC (the “Lenders). The amending agreement provides the Company with additional flexibility through a $15 million reduction in ABL reserves which increases availability by the same ...

Tembec completes sale of land in British Columbia

June 25, 2014

Montreal, Quebec – Tembec today announced the closing of the sale of approximately 17,700 hectares of land located within the Regional District of East Kootenay, British Columbia, to Jemi Fibre Corp. (“Jemi”), which sale was previously announced on April 25, 2014. Total consideration for the transaction was $15 million. The transaction is the first part of a two phase sale. ...

Tembec reports financial results for its second quarter ended March 29, 2014

April 28, 2014

Montreal, Quebec - Consolidated sales for the three-month period ended March 29, 2014, were $362 million, as compared to $407 million in the same quarter a year ago. The Company generated a net loss of $28 million or $0.28 per share in the March 2014 quarter compared to a net loss of $31 million or $0.31 per share in the March 2013 quarter. The March 2014 results were impa...

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