Rayonier Inc. reported 2Q 2020 net income of $1.7 million, or $0.01 per share, on revenues of $195.6 million. This compares to net income of $18.8 million, or $0.14 per share, on revenues of $184.8 million in the prior year quarter.
Lumber
The Estonian wood industry company Kaamos Timber entered into a loan agreement with the European Bank for Reconstruction and Development (EBRD) whose support will be used to establish a new sawmill owned by the Estonian company near the city of Mozyr in Belarus.
Stella-Jones' 2Q 2020 sales reached $768 million, up $101 million, or 15%, versus sales of $667 million for the corresponding period last year. 1H 2020 sales amounted to $1.28 billion, versus $1.11 billion for the corresponding period last year.
At a time when end-users have usually received delivery for expected building needs until after September, demand for North American construction framing dimension softwood lumber remained strong last week.
US LBM Holdings, LLC has acquired Maner Builders Supply, a multifaceted building products dealer that operates locations in Augusta, Georgia and Aiken and Charleston, South Carolina. With this acquisition, US LBM now operates 22 locations across the Carolinas and in Georgia.
Boise Cascade Company reported net income of $33.6 million, or $0.85 per share, on sales of $1.2 billion for the 2Q ended June 30, 2020.
Resolute Forest Products Inc. reported net income for the quarter ended June 30, 2020, of $6 million, or $0.07 per diluted share, compared to net income of $25 million, or $0.27 per diluted share, in the same period in 2019. Sales were $612 million in the 2Q 2020, a decrease of $143 million from the year-ago period.
2Q 2020 net sales declined by 12% to SEK 545 million, compared to SEK 619 million in the 2Q 2019. The lower sales were mainly related to lower sales volumes and lower sales prices for sawn products.
Weyerhaeuser Company reported 2Q 2020 net earnings of $72 million, or 10 cents per diluted share, on net sales of $1.6 billion. This compares with net earnings of $128 million, or 17 cents per diluted share, on net sales of $1.7 billion for the same period last year.
For the three months ended June 27, 2020, Acadian Timber's generated sales were $11.5 million, compared to $17.9 million in the prior year period.
The vast majority of logs sold, in British Columbia, Canada, and elsewhere, go to the sawmilling industry for lumber production. With this year’s lockdown due to COVID19 then ramp-up of manufacturing, lumber prices swooned down drastically in spring and are now surging back up with powerful momentum.
Neil Donaldson has announced his retirement from leading timber specialist, James Donaldson & Sons, after 45 years with the business. Neil is retiring on 31st July and is succeeded by his son and deputy Chairman, Michael Donaldson.
Canadian Softwood Plywood 3/8” or 9.5mm FOB Toronto prices last week were C$636 msf, a decrease of -$18, or -3%, from the previous week
Ilim Group starts up a new woodroom at its Bratsk mill in Russia. The new woodroom includes three lines with an aggregate capacity of 5 million cubic meters of chips per year. The project investments amounted to $125 million.
West Fraser Timber's 2Q 2020 sales were $1,276 million; up 7% on previous quarter. 2Q adjusted EBITDA increased to $184 million.
PotlatchDeltic Corporation reported net income of $2.6 million, or $0.04 per diluted share, on revenues of $181.6 million for the quarter ended June 30, 2020. 2Q revenues were $181.6 million, compared to $215.6 million in the 2Q 2019.
Raute Corporation's 2Q net sales amounted to Euro 24.4 million, compared to Euro 37 million in the 2Q 2019. Operating result for the 2Q 2020 was Euro 1 million negative and accounted for -4.2% of net sales.
For the 2Q 2020, Canfor Corporation reported operating income of $96.9 million, $185.7 million higher than the operating loss of $88.8 million reported for the 1Q 2020, reflecting materially higher earnings in the lumber segment, offset in part by a moderate decline in pulp and paper segment earnings.
Goodfellow Inc. reported 2Q 2020 net income of $3.4 million or $0.40 per share compared to a net income of $1.9 million or $0.22 per share a year ago. Consolidated sales were $103.8 million compared to $123.7 million last year.
SCA has confirmed a new harvesting plan which shows that the harvesting level in the own forest will increase over the coming five years by an additional one million cubic meters per year more than the current level. The increased harvesting level gives an increased cash flow of SEK 300-400 million ($33.7-45 million) p...