HVAC

Tembec's forest products segment fell into the red during its fiscal third quarter with a C$20 million (US$20.7 million) operating loss after posting a C$2 million (US$2.1 million) operating profit during the same period a year ago.The segment's sales fell 10% to C$113 million (US$116.7 million). More

Ainsworth posted net income of C$77.7 million (US$80 million) during the first quarter of 2011, due mainly to a C$72.5 million (US$74.6 million) purchase gain on the acquisition of the remaining 50% interest in the High Level mill from Grant Forest Products, the company announced today. More

West Fraser Timber Co.'s earnings after discounted operations swung to a C$39 million (US37.9 million) in the fourth quarter from a C$20 million (US$17.5 million) loss in the year-earlier quarter as sales jumped 26.1% to C$719 million. More

West Fraser Timber Co. Ltd. continued its turnaround from a dismal 2009 by announcing that earnings after discontinued operations totaled C$45 million (US$44.1 million) in the third quarter vs. a C$199 million loss in the year earlier period. Sales rose 15% from 3Q9 to total C$707 million (US$692.9 million) More

International Forest Products Ltd. (Interfor) recorded net income of C$1.5 million (US$1.47 million) in the third quarter, primarily because of the C$4.8 million gain it took on selling two ships and the C$1.6 million tax valuation allowance it took. Excluding those extraordinary items, Interfor reported late Thursday a net loss for the quarter of C$1 million (US$977,000), improving on its C$5.3 million loss in 2009's third quarter. More

Canfor's lumber operations swung to a C$17 million (US$16.5 million) operating profit in the second quarter from a C$12 million loss in the year-earlier period, in part because sales rose 17.1% to C$336.9 milion. More