Finance – Wood Markets News

Finance

In the 2Q 2022, net sales were $1.2 billion, a decrease of $69 million, or 5% year-over-year. Gross profit was $201 million, a decrease of $50 million, or 20%, year-over-year, and gross margin was 16.3%, down 290 basis points year-over-year.

Louisiana-Pacific 2Q 2022 net sales decreased year-over-year by $38 million (or 3%). Income from continuing operations for the 2Q 2022 decreased year-over-year by $138 million (or 28%) to $348 million, or $4.28 per diluted share. Net sales for the first six months of 2022 increased year-over-year by $235 million (or 1...

Stella-Jones' 2Q 2022 sales amounted to $907 million, up from $903 million for the same period in 2021. Net income for the 2Q 2022 was $94 million, or $1.51 per share, compared to net income of $115 million, or $1.76 per share, in the corresponding period of 2021.

Masonite International's consolidated net sales were $762 million in the 2Q 2022, a 15% increase from $662 million in the 2Q 2021. Total company gross profit was $179 million in the 2Q 2022, an increase of 9% compared to $164 million in the 2Q 2021. Net income was $59 million in the 2Q 2022 compared to $35 million in t...

Kadant Inc. reported its financial results for the 2Q ended July 2, 2022. Revenue increased 13% to $221.6 million compared to $195.8 million in 2021. Net income increased 14% to $26.2 million compared to $22.9 million in 2021.

Boise Cascade Company reported net income of $218.1 million, or $5.49 per share, on sales of $2.3 billion for the 2Q ended June 30, 2022, compared with net income of $302.6 million, or $7.62 per share, on sales of $2.4 billion for the 2Q ended June 30, 2021.

Mercer International's total revenues in the 2Q 2022 increased by approximately 42% to $572.3 million from $401.8 million in the same quarter of 2021 primarily due to higher pulp sales volumes and higher pulp, energy and lumber sales realizations.

Weyerhaeuser Company reported 2Q 2022 net earnings of $788 million, or $1.06 per diluted share, on net sales of $3.0 billion. This compares with net earnings of $1.0 billion, or $1.37 per diluted share, on net sales of $3.1 billion for the same period last year and net earnings of $771 million for the 1Q 2022.

During the 2Q 2022, Acadian Timber Corp. generated sales of $16.5 million, compared to $19.4 million in the prior year period. During the first half of 2022, Acadian generated sales of $43.1 million compared to $45.3 million in the prior year period. The weighted average selling price, excluding biomass, increased 11%,...

International Paper's 2Q 2022 net sales increased by 13% to $5,389 million, compared to $4,770 million in the 2Q 2021. Net earnings (loss) were $511 million ($1.38 per diluted share) compared with $360 million ($0.95 per diluted share) in the 1Q 2022 and $432 million ($1.09 per diluted share) in the 2Q 2021.

West Fraser Timber's 2Q 2022 sales were $2.887 billion, compared to $3.110 billion in the 1Q 2022. 2Q earnings were $762 million, or $7.59 per diluted share, compared to $1,090 million, or $10.25 per diluted share in the 1Q 2022. 2Q Adjusted EBITDA1 was $1,124 million compared to $1,592 million in the 1Q 2022.

PotlatchDeltic Corporation reported net income of $120.2 million, or $1.72 per diluted share, on revenues of $359.6 million for the quarter ended June 30, 2022. Net income was $187.9 million, or $2.77 per diluted share, on revenues of $447.5 million for the quarter ended June 30, 2021.