Mercer International Inc. reported Q1 2024 Operating EBITDA of $63.6 million, an increase from $27.5 million in the same quarter of 2023 and $21.1 million in the Q4 2023.
Price for plywood imported to United Kingdom grew 11%.
Supported by $56 million from Wells Fargo, Teal Jones Group is poised to resume operations.
Adjusted EBITDA was a loss of $22.3 million on sales of $813.2 million in Q1 2024 versus a loss of $51.4 million on sales of $785.9 million in Q4 2023 and Adjusted EBITDA of $26.1 million on sales of $829.9 million in Q1 2023.
Homag had already acquired 80% of the Danish engineering and manufacturing company in 2020.
Net earnings were $3.5 million or $0.14 per share for the three-month period ended March 31, 2024, compared to $9.5 million or $0.37 per share for the equivalent period last year.
Canfor Pulp Products Inc. will indefinitely curtail one production line at its Northwood facility in Prince George, British Columbia (BC), Canada, due to the decline in availability of economic fibre in the northern BC region.
Rapid growth from the U.S., price decreased 10%.
Price for lumber imported to Saudi Arabia slid 1.2%.
This initiative seeks to broaden the production capabilities of Tolko Industries' mill, moving beyond commodity plywood to encompass specialty, industrial, and engineered wood products.
Timber scarcity and low harvesting prompt Canfor to reconsider sawmill investments.
The start-up is scheduled for the Q4 2024.
Whit Gardiner will continue to lead the organization which will be a part of Kodiak’s growing Northwest region.
Net income for the Q1 2024 was $77 million, or $1.36 per share, compared to net income of $60 million, or $1.03 per share, in the corresponding period of 2023.
The contribution to EBITDA is estimated to SEK 10-30 million annually for the first two years of operation starting 2025.
Net income for the Q1 2024 totaled $6.0 million, or $0.35 per share, compared to net income of $5.6 million, or $0.33 per share in the same period of 2023.