May 2 (Reuters) - Tembec Inc
* Tembec reports financial results for its second fiscal quarter ended March 25, 2017
* Q2 earnings per share C$0.24
* Q2 earnings per share view c$0.15 -- Thomson Reuters I/B/E/S
* Q2 sales C$387 million versus C$380 million
* Tembec Inc - June 2017 financial results will be impacted by planned major maintenance outage at Temiscaming mill in month of May
* Tembec-Recently announced countervailing duties preliminary determination by U.S. Department of commerce will impact co’s financial results & liquidity in future periods
* Tembec - Co, other Canadian lumber producers “strongly disagree” with USDOC decision to impose preliminary duty rate on co’s lumber shipments into U.S.
* Says a preliminary determination on antidumping duties (add) is expected in june quarter
* Tembec says it anticipates that a portion of CVD and add will be passed on to customers in form of higher lumber prices
* Tembec says “the implementation of CVD and add deposits will likely lead to more volatility as canadian producers adapt to changing circumstances”
* Tembec Inc - newsprint market continues to experience “declining demand” and will require further capacity reduction to maintain a balanced market
* Tembec-While CVD and add deposits will impact future cash flow, co is in a good position to continue to reduce its debt & proceed with cost reducing capital exp Source text for Eikon: Further company coverage:
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