Lumber - Market news and analysis

5 hours ago

Canfor's 3Q net income rises to $66.2 million

Finance61  
Canfor Corporation reported net income of $66.2 million for the 3Q 2017, compared to net income of $81.3 million for the 2Q 2017 and net income of $50.9 million for the 3Q 2016.For the nine months ended September 30, 2017, net income was $213.6 million, compared to $112.9 million for the nine months...
9 hours ago

Potlatch and Deltic Timber to combine

Potlatch Corporation and Deltic Timber Corporation have entered into a definitive agreement to combine in an all-stock transaction and create a leading domestic timberland owner and top-tier Lumber manufacturer. The combined company will be named PotlatchDeltic Corporation. Transaction expected to c...
10 hours ago

Holzindustrie Schweighofer invests Euro 30 million in its sawmill in Kodersdorf, Germany

During the next two years, Holzindustrie Schweighofer will invest around Euro 30 million in its sawmill in Kodersdorf, Germany. Thus, in addition to Lumber and planned timber products, the sawmill in Kodersdorf will also produce glued laminated timber in the future which is especially used in the Ja...
10 hours ago

Södra’s 3Q net sales increased by 8%

Finance81  
Södra’s net sales in the 3Q 2017 increased 8% to SEK 4,763 million ($581 million). Operating profit increased 5% to SEK 421 million ($51.3 million). Operating margin was 9%, as the company said in the press release received by Lesprom Network.The strong results were due, inter alia, to higher prices...
October 18, 2017

Universal Forest Products' 3Q sales up 28%

Finance125  
Universal Forest Products, Inc. (UFPI) reported record financial results for the 3Q ended September 30, 2017. The Company’s net sales rose 28% over the same quarter of 2016, led by double-digit gains in each of its markets. Net earnings rose 21% over 2016. Both results beat the records set in the 3Q...
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