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Quarterly and Year-End Results
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…
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Weyerhaeuser, Conifex Report
Bolstered by strong wood product and timber sales, Weyerhaeuser Company, out of Federal Way, WA, August 1 reported 2Q 2014 earnings of US$280 million from operations of US$2 billion. Net earnings were US$234 million, or 40 cents per diluted share. This compares with net earnings of US$183 million, or 33 cents per diluted share, for…
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West Fraser Reports
West Fraser Timber Wednesday reported lower year-over-year earnings in 2Q despite an increase in sales revenue. The Vancouver-based softwood lumber producer says net income in the quarter was $74 million, or 87 cents per share, compared with $109 million, or $1.27 per share, in the comparable 2013 period. Revenue rose to $1.05 million from $900…
