Revenues have decreased due to some material prices (ie: lumber) stabilizing at significantly lower prices than the prior two years. The market has also seen a slowdown in some areas across Canada, mainly Ontario, due to rising interest rates resulting in the construction industry pausing to assess affects on new housi...

Koppers Holdings reported net income for the Q1 2023 of $25.5 million, or a Q1 record of $1.19 per diluted share, compared to $18.8 million, or $0.87 per diluted share, in the prior year quarter.

Net sales for the Q1 2023 decreased year-over-year by $583 million, including a decrease in OSB segment revenue of $555 million, or 75%, due to 66% lower prices and 26% lower volume and a decrease in South America segment revenue of $11 million, or 17%, predominately driven by lower OSB sales volumes and pricing. Sidin...

In the Q1 2023, Operating EBITDA decreased to $27.5 million from $154.5 million in the same quarter of 2022 primarily due to higher per unit fiber and chemical costs, lower lumber and energy sales realizations, lower pulp sales volumes.

In the Q1 2023, net sales were $798 million, a decrease of $504 million, or 39% when compared to the Q1 2022. Gross profit was $134 million, a decrease of $158 million, or 54%, year-over-year, and gross margin was 16.7%, down 560 basis points from the same period last year.

During the Q1 2023, Conifex Timber incurred a net loss of $8.1 million or $0.20 per share compared to $0.2 million or nil per share in the previous quarter and net income of $11.4 million or $0.28 per share in the Q1 2022.