News archive

Tag: earnings

Holmen’s 1Q operating profit down to SEK 628 million ($64 million)

20-05-2020
Holmen, operating profit, earnings, 1Q 2020

Holmen’s operating profit for the 1Q 2020 was SEK 628 million ($64 million), a decline of 2.3% compared to SEK 643 million ($65.6 million) in the 1Q 2019. Lower selling prices had a negative impact on earnings, but this was largely offset by increased deliveries. Profit after tax for the 1Q 2020 amounted to SEK 491 million ($50.1 million), …

Vietnam wood and wood product export earnings see 6% growth in first four months of 2020

19-05-2020
Vietnam, wood and wood products, export, earnings, markets, performance, first 4 months, 2020

Vietnam’s coronavirus situation in control After a week with no new corona cases Vietnam's government eased its 22-day social distancing requirement on 23 April allowing some businesses to reopen. Vietnam acted very fast when the virus outbreak was detected in China by closing the border, reported ITTO. With only 288 confirmed corona cases …

Conifex Timber's 1Q revenues decreased by 54% to $30.6 million

18-05-2020
Conifex Timber, 1Q 2020, net earnings, performance

Conifex Timber Inc. reported results for the 1Q ended March 31, 2020. Adjusted EBITDA from continuing operations was positive $0.5 million for the quarter, which represented an improvement of $4.6 million over the 4Q 2019, primarily attributable to increased operating earnings and lower selling, general and administrative costs. Adjusted EBITDA …

Mohawk Industries' 1Q net sales down 6.4% to $2.3 billion

18-05-2020
Mohawk Industries, 1Q 2020, net sales, net earnings, flooring

Mohawk Industries, Inc. announced 1Q 2020 net earnings of $111 million and diluted earnings per share (EPS) of $1.54. Adjusted net earnings were $119 million, and EPS was $1.66, excluding restructuring, acquisition and other charges. Net sales for the 1Q 2020 were $2.3 billion, down 6.4% as reported and 3.5% on a constant currency and days basis. …

Weyerhaeuser reports 1Q 2020 net sales of $1.7 billion

04-05-2020
Weyerhaeuser, Q1 2020, net earnings, profits, sales

Weyerhaeuser Company reported 1Q 2020 net earnings of $150 million, or 20 cents per diluted share, on net sales of $1.7 billion. This compares with a net loss of $289 million, or 39 cents per diluted share, on net sales of $1.6 billion for the same period last year. Excluding an after-tax benefit of $12 million for special items, the company …

Scm Group confirms its financial stability and rewards innovation

23-01-2020
Scm Group, report, 2019, profits, turnover, earnings, positive, stable

Through innovation, digital factory and the strengthening of the sales network and after sales service in each of the strategic markets, Scm Group continues to invest and the results speak for themselves. The Group ended 2019 with a turnover in excess of 700 million Euro (USD773.8 million), in line with 2018's record figures and on budget for the …

Egger Group sees growth across all divisions

10-01-2020
Egger Group, financial statement, earnings, decorative products, flooring

Egger Group has reported a 3.4% growth in the first half of its financial year and confirmed its Lexington plant in the U.S. will start up by the end of 2020. Egger's December financial statement declared a first half (six months ending October 31, 2019) earnings of €1.48bn. Earnings before interest, taxes and depreciation (EBITDA) were …

Armstrong Flooring’s 3Q net sales decreased by 20.7% to $165.6 million

08-11-2019
Armstrong Flooring, 3Q, earnings, net sales, EBITDA, Pennsylvania, North America, resilient flooring products

In 3Q 2019, Armstrong Flooring’s net sales declined 20.7% to $165.6 million from $208.9 million in the 3Q 2018, this includes a negative currency impact of 90 basis points. The decrease in net sales was primarily due to unfavourable volumes and mix, according to the company’s press release. Net loss in the 3Q 2019 was $31.4 million, …

Raute's 3Q earnings continue to decline

31-10-2019
Raute, earnings, profits, sales, interim report, 3Q

RAUTE CORPORATION - INTERIM REPORT JANUARY 1-SEPTEMBER 30, 2019 - The Group’s net sales, EUR 112.0 million (MEUR 126.8), decreased 12% from the comparison period. Order intake was EUR 130 million (MEUR 138). - Operating profit was EUR 6.6 million (MEUR 11.5), down 42% from the comparison period. The result before taxes was EUR 6.7 million …

Canfor reports 3Q operating loss of $124 million

25-10-2019
Canfor, third quarter, 2019, operating earnings

Reflecting weak global market conditions and a challenging fibre cost environment in British Columbia (“BC”), Canada, for the 3Q 2019, Canfor Corporation reported an operating loss of $124 million compared to an operating loss of $49.7 million reported for the 2Q 2019. The material decline reflected significantly lower operating …

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Tag: earnings

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