Q3 profits drop sharply for North American lumber giants

Q3 profits drop sharply for North American lumber giants
    The combined net profits of the five largest publicly traded North American lumber producers (Canfor in British Columbia; Interfor in British Columbia; Resolute Forest Products in Montreal; West Fraser Timber in British Columbia; and Seattle-based Weyerhaeuser) jumped a staggering 2,218% between the second quarter of 2020 ($160 million) and the same quarter in 2021 ($3.7 billion).    Those historic earnings, of course, came before the lumber bubble burst this summer. Between mid-May to mid-August, the cash market lumber price crashed from an all-time high of $1,515 ...

Register for unlimited access

We work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
  • Thousands of quality articles
  • In-depth analyses of market trends
  • Exclusive market price insights
  • And much more!
Checkout Options
Yearly subscription - 290€/12 months
password strength indicator
Additional Info




We Accept PayPal
Billing Address

Keywords