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North America Forest Company Quarterly Reports: 3Q 2016
This week Canfor, Weyerhaeuser, Domtar, and International Paper all released quarterly earnings reports. Canfor Corporation, out of Vancouver, BC, Wednesday reported net income attributable to shareholders of $50.9 million, or $0.38 per share, for 3Q 2016, compared to shareholder net income of $36.0 million, or $0.27 per share, for 2Q 2016 and a net loss…
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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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Weyerhaeuser Invests
Weyerhaeuser is investing US$57 million over a three-year period to install two continuous direct fired kilns and a new planer mill at its softwood lumber mill in Philadelphia, MI, the company announced Wednesday. The mill produces approximately 220 million board feet of Southern Yellow Pine two-inch dimension lumber, 2×4 through 2×12.
