Lumber sales realizations rise 13% from fourth-quarter averages and oriented strand board realizations rise 8%.
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The company points to weaker housing affordability in Ontario and British Columbia and expects its Clinton, Ontario automation site to start operating in July 2026.
Company expects Q2 2026 earnings of $2.33 per share as prices move higher with previously announced increases.
Packaging Solutions North America operating profit falls to $248 million on seasonally lower volumes and storm-related cost increases.
Mortgage rates above 6% and tariff uncertainty shape 2026 operating plans and input-cost expectations.
North America volumes grow broadly despite private label diaper exit as International Personal Care sales surge 9.1%.
Cost savings programme offsets lower prices as group begins market-driven shutdown at Joutseno pulp mill.
High industry inventories and cold weather limit production, while the company enters Phase 2 of its internal efficiency work.
Significant overcapacity in the forest industry led to production curtailments that reduced demand for pulpwood, and pulpwood prices fell during the quarter. Log demand decreased, and log prices began to decline slightly from very high levels.
North America sales surge 60% following opening of dedicated manufacturing facility in 2024.
The builder cited affordability concerns and competitive conditions, and said it adjusted incentives, sales pace and production while working down spec inventory.