|Bid||5.25 x 800|
|Ask||6.19 x 1000|
|Day's Range||5.41 - 5.70|
|52 Week Range||1.14 - 5.87|
|Beta (5Y Monthly)||3.57|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 05, 2018|
|1y Target Est||5.81|
Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that after a 39-year distinguished career with Resolute, Yves Laflamme will be stepping down, and retiring, as of March 1, 2021. The board of directors has unanimously selected and appointed Remi G. Lalonde as the company's next president and chief executive officer, effective on the same date. Mr. Lalonde, 44, currently serves as senior vice president and chief financial officer. Upon becoming president and CEO, Mr. Lalonde will be appointed to Resolute's board of directors. The announcement today coincides with Resolute's third quarter 2020 results.
Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today reported net income for the quarter ended September 30, 2020, of $57 million, or $0.66 per diluted share, compared to a net loss of $43 million, or $0.47 per share, in the same period in 2019. Sales were $730 million in the quarter, an increase of $25 million from the year-ago period. Excluding special items, the company reported net income of $62 million, or $0.72 per diluted share, compared to a net loss of $34 million, or $0.37 per share, in the third quarter of 2019.
Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) expects to announce its third quarter financial results on November 5, 2020, at 7:00 a.m. (ET), and to hold a conference call to discuss the results at 9:00 a.m. (ET).