Finance

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.

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.

Masonite International Corporation's 2Q net sales decreased 11% to $500 million, from $563 million in the comparable period of 2019. The decrease in net sales was the result of a 15% decrease in base volume due to the impact of COVID-19.

JELD-WEN Holding's net revenue for the three months ended June 27, 2020 decreased $126.6 million, or 11.3%, to $992.3 million, compared to $1,119.0 million for the same period last year. The decrease in net revenue was driven by a 10% decline in core revenue and a 1% adverse impact from foreign exchange.

Masco Corporation's 2Q 2020 sales decreased 4% to $1.8 billion; in local currency, sales decreased 3%. Gross margins decreased 100 basis points to 35.6% from 36.6%.

In the 2Q 2020, Mercer International's net loss was $8.4 million (or $0.13 per share) compared to net income of $10.3 million (or $0.16 per share) in the 2Q 2019 and a net loss of $3.4 million (or $0.05 per share) in the 1Q 2020. Total revenues for the three months ended June 30, 2020 decreased by approximately 20% t...

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.

CanWel Building Materials Group Ltd. announced its 2Q 2020 financial results for the period ended June 30, 2020. Consolidated revenues increased by 7.1% to $412.9 million when compared to $385.7 million in the same period in 2019.

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.

Builders FirstSource's 2Q 2020 net sales were $1.9 billion, a 2.2% increase compared to a year ago. 2Q 2020 net income was $78.9 million, or $0.67 per diluted share, compared to $66.6 million, or $0.57 per diluted share, in the same period a year ago.

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.

International Paper's 2Q 2020 net earnings (loss) were $266 million ($0.67 per diluted share), compared with $(141) million ($(0.36) per diluted share) in the 1Q 2020 and $292 million ($0.73 per diluted share) in the 2Q 2019. 2Q 2020 net sales were $4,866 million, compared to $ 5,667 million in the 2Q 2019.

Ence Energía y Celulosa obtained net losses of Euro 13 million in the 2Q of the financial year 2020 as a consequence of the prices of pulp, which remain at the lowest levels recorded in the last 10 years, as well as the low prices of energy. In the semester, the company accumulates net losses of Euro 24.6 million.

Packaging Corporation of America reported 2Q 2020 net income of $57 million, or $0.59 per share, and net income of $132 million, or $1.38 per share, excluding special items. 2Q net sales were $1.54 billion in 2020 and $1.76 billion in 2019.

BillerudKorsnas' net sales for the 2Q 2020 declined by 2% to SEK 6 156 million ($702 million), compared to SEK 6 293 million ($717 million) in the 2Q 2019. 2Q net profit was SEK 202 million ($23 million), compared to SEK 182 million ($20.7 million) in the 2Q 2019.

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.