Potlatch dropped into the red during the fourth quarter with a $1.5 million loss after posting income of $9.4 million during the same period a year ago. The loss comes paired with a 25% decrease in revenues to $109.9 million for the quarter ended Dec. 31. Yearly net earnings at the company remained almost identical with 2010's results at $40.3 million, despite an 8% dip in sales to $497.4 million. More
Southern Wood Piedmont Co., a subsidiary of forest management company Rayonier, agreed to pay a $317,000 penalty to the U.S. Environmental Protection Agency to resolve violations of hazardous waste financial assurance requirements at five of its facilities. More
Net earnings at Ainsworth plummeted into the red with a C$59.2 million (US$55.7 million) loss in the third quarter, a far cry from the C$10.4 million (US$9.8 million) income the company posted during the same period a year ago. Net sales fell 12% to C$71.8 million (US$67.5 million). More
The third quarter results was a rollercoaster ride for lumber manufacturers and timber harvesters as some saw earnings go up while others plummeted well below last year's results. More
Net loss at Louisiana-Pacific Corp. (LP) more than doubled from the same period a year ago to reach $65.6 million during the quarter. Net sales, meanwhile, improved 9% to $350.6 million during the quarter ended Sept. 30. More
Boise Cascade announced its intentions to purchase the assets of the Stimson Lumber Mill in Arden, Wash. The deal is expected to close around the end of the year, with the facility becoming part of Boise Cascade's Inland Region operations. More
Third quarter net loss at Boise Cascade improved to $3.7 million, compared with a $5.6 million loss during the same period a year ago. Sales increased 6% to $623.2 million for the quarter ended Sept. 30. More
Temple-Inland's net income plummeted 95% during the third quarter, compared with the same period last year, to $6 million, despite a 1% rise in net sales to $974 million, the corrugated packaging and building material manufacturer reported. More
L&W Supply, USG's distribution arm, wants to be more than just a drywall company, president and CEO Brendan Deely says. In an interview with ProSales, Deely says the Chicago-based company is doing a number of things to help customers as well as boost its own position within the LBM industry. More
Weyerhaeuser Co. abandoned the "iLevel by Weyerhaeuser" name it has used for the past five years to brand its wood products businesses and instead will simply call them "Weyerhaeuser." The transition took place on Sept. 6. More
