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Madison’s Reporter: Most Lumber Prices Crest Level of Same Week Last Year

North American lumber sales showed a strengthening trend almost across the board of commodity items, an auspicious development considering the time of year. In the week ending October 18, 2024, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$402 mfbm. This is up +$14, or +4%, from the previous […]

New Chair for the Sinclar Board of Directors

After 14 years of dedicated leadership, Dr. Charles Jago is stepping down as Chair of the Sinclar Group Forest Products Board of Directors. A household name in northern BC, I cannot say enough about the impact that Charles has made on the Sinclar organization. Charles is a long-serving community member of northern BC, providing leadership […]

RYAM Raises $700 million of Debt to Refinance its Capital Structure

Rayonier Advanced Materials Inc. (the “Company” or “RYAM”), the global leader in High Purity Cellulose, announced it has raised $700 million in aggregate principal amount of secured term loan financing (the “Term Loan”) from funds managed by Oaktree Capital Management, L.P., as lead lender, as well as certain affiliates and managed funds of Silver Point Capital, L.P. and Blue Torch Capital LLC. […]

TAL Building Centers Names Gaven Gregory as Vice President of Operations – East

TAL Building Centers, a family-owned building materials provider in the Pacific Northwest, has named Gaven Gregory as its Vice President of Operations – East. Gaven brings extensive leadership experience in retail and business operations, having held key roles at Valley Wide Cooperative, True Value Company, and The Home Depot. Most recently, as executive vice president […]

UFP Industries Announces Third Quarter Results

UFP Industries, Inc. announced third quarter 2024 results including net sales of $1.65 billion, net earnings attributable to controlling interest of $100 million, and earnings per diluted share of $1.64. “Our third quarter results were impacted by softer demand and broad-based pricing pressure which reduced our revenue and profit margins. We are managing through these ongoing challenges by operating […]

Leggett & Platt Reports 3Q Results

3Q sales of $1.1 billion, a 6% decrease vs 3Q23 3Q EPS of $.33; 3Q adjusted1 EPS of $.32, a $.04 decrease vs adjusted1 3Q23 EPS 2024 EPS guidance is ($3.56)–($3.71), including impact of non-cash goodwill impairment charge, restructuring charges, real estate gains, and certain other costs 2024 guidance lowered: adjusted1 EPS of $1.00–$1.10, sales of $4.3–$4.4 billion President and CEO Karl Glassman commented, “We continued to […]

PotlatchDeltic Corporation Reports Third Quarter 2024 Results

PotlatchDeltic Corporation reported net income of $3.3 million, or $0.04 per diluted share, on revenues of $255.1 million for the quarter ended September 30, 2024. Net income was $23.7 million, or $0.29 per diluted share, on revenues of $265.5 million for the quarter ended September 30, 2023. Excluding an after-tax gain on insurance recoveries, adjusted […]

Trex Company Reports Third Quarter 2024 Results

Continued Strength in Consumer Demand for Premium Products New Railing Product Introductions to Accelerate Market Share Gains Provides Update on New Arkansas Facility Reaffirms Full Year 2024 Sales Guidance and Expects to Achieve High End of EBITDA Guidance Range Trex Company, Inc., the world’s largest manufacturer of wood-alternative decking and railing, and a leader in high-performance, […]

RYAM’s Jesup Facility Resumes Full Production Ahead of Schedule

Rayonier Advanced Materials Inc. (“RYAM”), a leader in High Purity Cellulose, announced that its Jesup, Georgia facility has fully resumed operations ahead of schedule, following an isolated fire on October 11. All production lines have returned to producing on-grade material at full capacity. “We are pleased to report that our Jesup facility is back to full production,” said De Lyle Bloomquist, President […]

Champion Homes Announces Second Quarter Fiscal 2025 Results

Champion Homes, Inc. (“Champion Homes”) announced financial results for its second quarter ended September 28, 2024 (“fiscal 2025”). Second Quarter Fiscal 2025 Highlights (compared to Second Quarter Fiscal 2024) “I am pleased to report that Champion Homes delivered another strong quarter, generating healthy margins and cash flow,” said Mark Yost, President and Chief Executive Officer […]