Lower lumber prices and decreased shipments contribute to reduced revenue.
Schnittholz
Boise Cascade Company reported net income of $104.1 million, or $2.61 per share.
The transaction, scheduled to close on Friday, May 17th, marks R.P. Lumber’s fourth acquisition this year and its first location in Carroll County.
In the week ending April 26, 2024, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$408 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $408.
Price for lumber exported from Sweden to the U.S. downed 5%.
Binational ruling impacts British Columbia's forestry sector
The central warehouse will supply all the company’s 116 Swedish branches with building materials and deliver them directly to construction sites. The new warehouse also enables day-to-day delivery to almost all of Sweden.
The acquisition of Express Pallets & Crates will finalise on 1 July 2024, subject to all Completion Precedents being met.
With this acquisition, Culpeper Wood Preservers adds additional drying capacity for hardwoods and softwoods. Culpeper now has 18 facilities within its footprint.
The Madison’s Lumber Prices Index for the week ending May 03, 2024 was US$417 mfbm.
Exports of lumber from Chile grew 16%.
Exports of lumber from Canada grew 6%.
February output strongest in a year.
Koppers Holdings Inc. reported net income for the Q1 2024 of $13.0 million, or $0.59 per diluted share, compared to $25.5 million, or $1.19 per diluted share, in the prior year quarter.
Imports of softwood lumber to the U.S. increased 5%.
With this acquisition, US LBM now operates 12 locations in Northern California, including three structural component manufacturing facilities; the company also operates Homewood Truss, which is located north of Sacramento.
Chris Forrey joined Boise Cascade in 2005 and was promoted to his most recent role of Senior Finance Director in March 2022, where he has led the tax, financial reporting, accounts payable, and financial systems teams.
RemaSawco receives an order from ATA Timber for just over SEK 2.2 million ($201,281). Delivery, installation and commissioning are planned for the last quarter of 2024.
Leveraging Canfor’s experience and expertise, and with an anticipated further $50 million in planned upgrades, production capacity is expected to increase to 175 million board feet per year.
Loss narrows from previous quarter; European operations show resilience.