Norbord, Potlatch Corp, and Weyerhaeuser all reported financial results this week.
Norbord Wednesday reported adjusted EBITDA of $90 million in 2014 compared to $287 million in 2013, on 31 per cent lower North American benchmark OSB prices. In 4Q 2014, Norbord recorded adjusted EBITDA of $15 million, unchanged from 3Q, and $14 million lower than 4Q 2013.
Forestry Quarterly Results
Potlatch Wednesday reported net income of US$20.1 million, or US$0.49 per diluted share, on revenues of US$146.2 million for 4Q 2014, compared to US$13.7 million, or US$0.34 per diluted share, on revenues of US$140.0 million in 4Q 2013.
Net income for the full year of 2014 was US$89.9 million, or US$2.20 per diluted share, on revenues of US$607 million compared to net income of US$70.6 million, or US$1.73 per diluted share, on revenues of US$570.3 million in 2013.
Weyerhaeuser Friday reported 4Q 2014 net earnings of US$166 million, or 31 US cents per diluted share, on net sales of US$1.8 billion, compared with net earnings of US$43 million, or 7 US cents per diluted share, on net sales of US$1.8 billion for the same period last year.
For full year 2014, Weyerhaeuser reported net earnings of US$1.8 billion, or $3.18 per diluted share, on net sales of $7.4 billion, compared with net earnings of $540 million, or 95 cents per diluted share, on net sales of $7.3 billion for the same period last year.