Lumber

Since 1888, Schoeneman’s has established itself as a trusted name with experienced staff and a large selection of building materials and products.

Price for lumber exported from Russia to Kazakhstan lost 12%.

Stora Enso has revised its full year 2024 adjusted EBIT guidance to be significantly higher (+50% and above) than the full year 2023 of Euro 342 million.

Under this new partnership, Musser is poised to further develop its market presence and explore new uses for its biomass products.

Sales of wood products increased by 1.9%.

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.

Brian Chaney to replace Keith O'Rear, who is retiring after 36 years with the company.

In the week ending May 3, 2024, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$383 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is down -$25, or -6%,from the previous week when it was $408.

In April, prices increased 6.2% from March

Deal concludes with transfer of four companies

The Madison’s Lumber Prices Index for the week ending May 10, 2024 was US$415 mfbm. This is down by -0.5%, or -$2, from the previous week when it was US$417.

Kohiwood has recently increased its capacity at its Soini site by installing a second 1003 Premium continuous kiln.

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.

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.

Price for lumber imported to Saudi Arabia slid 1.2%.

Timber scarcity and low harvesting prompt Canfor to reconsider sawmill investments.

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.

Exports of lumber from Germany to the U.S. lost 25%.