Gross profit was $1.3 billion, a decrease of 5.2% compared to the prior year period.
Finance
Lower lumber prices and decreased shipments contribute to reduced revenue.
Net income for the Q1 2024 was $17 million, or $1.02 per diluted share, compared to net income for the Q1 2023 of $24 million, or $1.40 per diluted share.
Boise Cascade Company reported net income of $104.1 million, or $2.61 per share.
Q1 2024 Adjusted operating profit decreased by Euro 39.1 million from Euro 78.7 million to Euro 39.6 million.
Sonoco generated $166 million of operating cash flow and $80 million of free cash flow in the Q1 2024.
Koppers Holdings Inc. reported net income for the Q1 2024 of $13.0 million, or $0.59 per diluted share, compared to $25.5 million, or $1.19 per diluted share, in the prior year quarter.
Project deliveries excel despite economic uncertainties and market pressures.
Loss narrows from previous quarter; European operations show resilience.
Goodfellow Inc. reported a net loss of $108 thousand or $0.01 per share compared to a net loss of $211 thousand or $0.02 per share a year ago.
Company expects lumber prices to stabilize and has adjusted its market outlook for 2024 in response to softer demand forecasts.
PotlatchDeltic Corporation's generated total adjusted EBITDDA was $29.7 million and total adjusted EBITDDA margin was 13% in the Q1 2024.
Adjusted EBITDA for Q1 2024 was $352 million, compared with $395 million for the same period last year and $321 million for Q4 2023.
Non-IFRS measure normalized EBITDA margin decreased to 20% for the year ended December 31, 2023 from 25% for the year ended December 31, 2022. This decrease was mainly due to decreased gross margins and increased operating costs.
Operating profit falls amid lower paper prices.
Operating profit for the financial year 2023 increased from the previous year’s Euro 2.2 million to Euro 4.2 million.
Mohawk Industries, Inc. announced Q1 2024 net earnings of $105 million and earnings per share of $1.64.
Cash flow from operating activities in the Q1 2024 amounted to SEK -226 million ($2.4 million).
30-year fixed-rate reaches 7.17%.
Segezha Group's revenue declined 9% in 2023, leading to a net loss of about $197 million.