Interfor Corporation (“Interfor” or the “Company”) recorded a Net loss in Q2’23 of $14.1 million, or $0.27 per share, compared to $41.3 million, or $0.80 per share in Q1’23 and Net earnings of $269.9 million, or $4.92 per share in Q2’22. Adjusted EBITDA was $41.9 million on sales of $871.8 million in Q2’23 versus $26.1 […]
Western Announces Second Quarter 2023 Results
Western Forest Products Inc. (“Western” or the “Company”) reported a net loss of $20.7 million in the second quarter of 2023 including $8.5 million in inventory provisions, as compared to a net loss of $17.7 million in the first quarter of 2023, and net income of $38.6 million in the second quarter of 2022. Results […]
Koppers Reports Second Quarter 2023 Results; Reaffirms 2023 Outlook
Koppers Holdings Inc. (“Koppers”), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today reported net income attributable to Koppers for the second quarter of 2023 of $24.5 million, or $1.15 per diluted share, compared to $11.7 million, or $0.55 per diluted share, in the prior year quarter. Adjusted net income attributable to Koppers and adjusted earnings […]
Beacon Reports Second Quarter 2023 Results
Beacon (the “Company”, “we”, “our”) announced results for the second quarter ended June 30, 2023. “Our team’s focused execution on the Ambition 2025 growth initiatives drove record quarterly net sales, strong net income margin and double-digit Adjusted EBITDA margin,” said Julian Francis, Beacon’s President & CEO. “We leveraged an improving residential market and our strategic investments […]
Mercer International Inc. Reports Second Quarter and First Half 2023 Results
Mercer International Inc. (“Mercer” and the “Company”) reported second quarter 2023 Operating EBITDA decreased to negative $68.7 million from positive $145.1 million in the second quarter of 2022 and positive $27.5 million in the first quarter of 2023. In the second quarter of 2023, net loss was $98.3 million (or $1.48 per share) compared to […]
Floor & Decor Holdings, Inc. Announces Second Quarter Fiscal 2023 Financial Results
Floor & Decor Holdings, Inc. (“We,” “Our,” the “Company,” or “Floor & Decor”) announces its financial results for the second quarter of fiscal 2023, which ended June 29, 2023. Tom Taylor, Chief Executive Officer, stated, “Amidst the economic challenges of rising mortgage interest rates and near-record-low existing home sales, we are pleased to deliver second-quarter […]
Cavco Industries First Quarter Fiscal 2024 Earnings Release
Cavco Industries, Inc. (“we,” “our,” the “Company” or “Cavco”) announced financial results for the first fiscal quarter ended July 1, 2023. First Quarter Summary Commenting on the quarter, President and Chief Executive Officer Bill Boor said, “Demand during the quarter continued to show the effects of diminished affordability. Despite the challenging market environment, strong management across […]
Freddie Mac: Mortgage Rates Increase
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.90 percent. “The combination of upbeat economic data and the U.S. government credit rating downgrade caused mortgage rates to rise this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Despite higher rates and lower purchase demand, […]
Tractor Supply Company Expands Board of Directors
Leading Rural Lifestyle Retailer Adds Meg Ham, President of Food Lion, to its Board Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, today announced that Meg Ham has been appointed an independent member of its Board of Directors, effective August 2, 2023. Ms. Ham brings a distinguished 35-year career in […]
Cascades Reports Solid Results for the Second Quarter of 2023
Tissue Papers segment delivers strongest performance since 2020 Cascades Inc. (TSX: CAS) reports its unaudited financial results for the three-month period ended June 30, 2023. Q2 2023 Highlights Mario Plourde, President and CEO, commented: “We had a solid second quarter, with consolidated sales and EBITDA (A)1 levels increasing 4% and 55%, respectively, year-over-year. Results were driven by the […]