EXPLAINED: Resolute forest products - The Real Truth

Resolute Forest Products (NYSE:RFP) (TSX:RFP) reported first-quarter FY22 sales growth of 8.3% year-on-year to $945 million, missing the consensus of $1.27 billion. Adjusted EPS of $2.26 missed the analyst consensus of $2.48. Selling, general and administrative expenses fell 21.7% Y/Y to $36 million. The operating margin was 24.8%, and operating income for the…