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Catalyst Q2 results impacted by asset write-down

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^{Published in Stocks and Investing on Thursday, July 29th 2010 at 16:30 GMT by Market Wire}  

 ------------------------------------------------------------------------- (In millions of Canadian dollars, except where otherwise stated) ------------------------------------------------------------------------- 2010 2009(1) ------------------------------------------------------------------------- YTD Q2 Q1 TOTAL Q4 ------------------------------------------------------------------------- Sales $ 572.7 $ 299.4 $ 273.3 $ 1,223.5 $ 295.0 Operating earnings (loss) (372.8) (323.9) (48.9) (40.8) (41.1) EBITDA(2) (16.6) (0.4) (16.2) 123.2 14.1 - before specific items(2) 8.4 10.5 (2.1) 141.1 15.5 Net earnings (loss) attributable to the Company (412.5) (368.4) (44.1) (4.4) (35.8) - before specific items(2) (81.5) (43.9) (37.6) (58.8) (21.8) EBITDA margin(2) (2.9%) (0.1%) (5.9%) 10.1% 4.8% - before specific items(2) 1.5% 3.5% (0.8%) 11.5% 5.3% Net earnings (loss) per share attributable to the Company's common shareholders (in dollars) - basic and diluted $ (1.08) $ (0.96) $ (0.12) $ (0.01) $ (0.09) - before specific items(2) (0.21) (0.11) (0.10) (0.15) (0.06) ------------------------------------------------------------------------- --------------------------------------------------- (In millions of Canadian dollars, except where otherwise stated) --------------------------------------------------- 2009(1) --------------------------------------------------- Q3 Q2 Q1 --------------------------------------------------- Sales $ 266.9 $ 300.7 $ 360.9 Operating earnings (loss) (10.0) (21.5) 31.8 EBITDA(2) 25.9 14.3 68.9 - before specific items(2) 25.9 26.6 73.1 Net earnings (loss) attributable to the Company 13.2 (1.9) 20.1 - before specific items(2) (19.8) (25.6) 8.4 EBITDA margin(2) 9.7% 4.8% 19.1% - before specific items(2) 9.7% 8.8% 20.3% Net earnings (loss) per share attributable to the Company's common shareholders (in dollars) - basic and diluted $ 0.03 $ (0.01) $ 0.06 - before specific items(2) (0.05) (0.06) 0.02 ------------------------------------------------- (1) Refer to the company's Q2 2010 Management Discussion & Analysis Section 10, "Changes in Accounting Policies" for a discussion of the change in our policy with respect to classification of gains and losses on certain of our derivative financial instruments and translation of foreign currency-denominated working capital balances effective January 1, 2010. Prior period comparative information has been restated. (2) Refer to the company's Q2 2010 Management Discussion & Analysis Section 8, "Non-GAAP Measures."