Tembec sales drop in Q3

MONTREAL — Tembec saw consolidated sales fall to $365 million, from $404 million in the corresponding period last year. The company generated a net loss of $16 million compared to net earnings of $30 million in the previous Q3. The current results include approximately $12 million of incremental costs related to planned major maintenance conducted at two large operating sites. Adjusted EBITDA was $2 million, as compared to $30 million a year ago and $12 million in the prior quarter.