WestRock Company (“WestRock”), a leading provider of sustainable paper and packaging solutions, today announced results for its fiscal first quarter ended December 31, 2022. First Quarter Highlights and other notable items: “I’m pleased to report that WestRock grew packaging revenue and margins in the first quarter, even in this challenging environment,” said David B. Sewell, […]
Rayonier Advanced Materials Publishes 2022 ESG Progress Update
Rayonier Advanced Materials Inc. (NYSE: RYAM, the “Company”) announced the release of its 2022 Environmental, Social and Governance (ESG) Progress Update (the “Update”), as a supplement to the Company’s comprehensive 2021 ESG Report. The Update details RYAM’s progress against its disclosed greenhouse gas reduction targets and provides enhanced SASB-aligned disclosures around energy consumption, water usage, waste […]
Mortgage Applications Decrease in Feb 1st MBA Weekly Survey
Mortgage applications decreased 9.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 27, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 9.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index […]
Madison’s Reporter: Softwood Lumber Prices Come Up Off Seasonal Lows
January 2023 is well under way, and with it the usual seasonal large-volume buying by the big US home builders has begun. Because they want the wood needed for their projects on the ground before spring building activity, customers make their orders now to accommodate possibly extended delivery times. As such, it is usual for […]
Toll Brothers Named #1 Home Builder on Fortune Magazine’s 2023 World’s Most Admired Companies® List
Toll Brothers, Inc. (“Toll Brothers” or the “Company”), the nation’s leading builder of luxury homes, has been named the #1 Most Admired Home Builder in the 2023 Fortune magazine survey of the World’s Most Admired Companies, the eighth year the company has achieved this honor. To determine the best-regarded companies, Fortune and its partner Korn Ferry conducted the 2023 survey […]
Conifex Announces Resumption of Power Plant Operations
Conifex Timber Inc. (“Conifex”) announced that it has successfully recommissioned operations at its power plant in Mackenzie, British Columbia and began producing electricity at normalized rates following the previously disclosed disruption caused by damage to the power plant’s turbine. “We appreciate how our power plant team was able to identify the malfunction of the turbine […]
Canadian Pacific Reports Fourth-Quarter Results; Ready to Unite a Continent in 2023
Canadian Pacific Railway Limited (“CP”) announced its fourth-quarter results, including revenues of $2.46 billion, operating ratio (“OR”) of 59.8 percent, adjusted OR1 of 59.1 percent, diluted earnings per share (“EPS”) of $1.36 and core adjusted diluted EPS1 of $1.14. Fourth Quarter 2022 Highlights “We finished the year with the people, capacity and resources in place […]
Kelsey Spitz-Dietrich Named Chief Commercial Officer of UCS Forest Group
It is with great pleasure that we announce the appointment of Kelsey Spitz-Dietrich to Chief Commercial Officer of UCS Forest Group. Kelsey brings extensive experience to the role, most recently spearheading technology projects to transform the business and drive it forward into the digital space. The work she has led has enabled innovative and efficient ways of operating […]
NAHB: A Housing Downturn in 2023 Followed by a Recovery in 2024
The housing recession that began in 2022 will bleed into 2023 as elevated inflation and mortgage rates, coupled with stubbornly high building material construction costs, continue to take a toll on the housing industry and are expected to push the overall economy into a mild recession this year. However, the second half of 2023 could […]
Stora Enso Oyj Financial Statement Release 2022
Delivering the best full year financial performance in 22 years despite Q4 market challenges. Q4/2022 (year-on-year) Year 2022 (year-on-year) Key Highlights Dividend Proposal Outlook Stora Enso remains vigilant against persisting market disruptions and uncertainties, macroeconomic environment and inflationary pressures. Stora Enso enters the new year with market softness and variable cost pressures which are expected to […]