Revenue has decreased due to some material prices stabilizing at a lower level which are less than the prior few years and a more competitive construction market fueled by interest rate hikes by the Bank of Canada.
Finanzkennzahlen
Adjusted EBITDA was $39 million, or 5.3% of net sales, for the Q1 2024, compared to $47 million, or 5.9% of net sales in the Q1 2023, which includes the net benefit of duty-related items.
The revenue decline was primarily due to lower sales volumes.
Iberpapel reported a net profit of Euro 3.93 million in 1Q 2024, year-on-year growth of 0.64%. EBITDA amounted to Euro 7.68 million, down 6.93% from 1Q 2023.
Adjusted EBITDA for Q1 2024 was negative $3.5 million compared to negative $18.0 million in Q4 2023. In Q1 2024, this represents a positive contribution from the Company’s lumber operations and a negative contribution from the paper operations and overhead.
Q1 2024 operating margin loss was 14.5% compared to an operating margin loss of 5.5% in the Q1 of last year. Adjusted operating margin loss was 15.2% compared to an adjusted operating margin loss1 of 4.5% in the Q1 2023.
Ence’s consolidated operating result (EBITDA) reached Euro 45 million in the Q1 2024, 78% more than the previous quarter.
The Homag Group’s order intake increased by 7% to Euro 377 million in the first three months of 2024 (previous year: Euro 353 million).
EBITDA was negative $0.5 million for the Q1 2024, compared to EBITDA of negative $3.5 million in the Q4 2023 and negative $6.9 million in the Q1 2023.
Q1 2024 Adjusted EBITDA was $118 million (13% margin) vs. $117 million (12% margin) in Q4 2023.
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.
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.
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.
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.
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.
Gross profit was $1.3 billion, a decrease of 5.2% compared to the prior year period.
Lower lumber prices and decreased shipments contribute to reduced revenue.
Net income for the Q1 2024 was $17 million, or $1.02 per diluted share, compared to net income for the Q1 2023 of $24 million, or $1.40 per diluted share.
Boise Cascade Company reported net income of $104.1 million, or $2.61 per share.
Q1 2024 Adjusted operating profit decreased by Euro 39.1 million from Euro 78.7 million to Euro 39.6 million.