Lower pulp prices and exchange rate effects cut consolidated EBITDA margin to 14%, while early signs of recovery appear in short-fiber markets.
बाजार
North American housing weakness, high duties, and soft global pulp prices drive lower production and margins across all regions.
Real estate EBITDA rises to $74 million; outlook indicates full-year results at or above prior guidance while Pacific Northwest EBITDA falls 26%.
Cedar and cypress lumber prices fall while spruce/fir stud lumber sees a slight increase.
Price for lumber exported from the European Union to MENA rose 3%.
Price for logs exported from Germany to China lost 21%.
Exports of logs from Japan increased 10%.
Weekly decline of $11 contrasts with a $22 increase compared to the previous month.
Third-quarter net income falls to $21.8 million on $1.67 billion in sales, while adjusted EBITDA declines 52% due to lower commodity prices and reduced single-family housing activity.
Operating rate drops to 88.7% as domestic output for plates, dishes and trays rises 14%.
Imports of wood chips to Japan lost 20%.
Exports of particle board from Turkey decreased 10%.
Wooden housing declines 2.2%, making up 63% of total starts.
Composite PMI output index remains at 50.0%, with service activity improving and construction slightly slowing.
Price for logs imported to Japan expanded 17%.
Third-quarter adjusted EBITDA declined 31% to $434 million, with gross margin dropping to 30.4% and net income down 57% to $122 million.
Cumulative purchases for January–September are two-fifths below last year as logging residues and delimbed stems volumes decline.
Imports of plywood to Japan downed 0.2%.
Softwood log imports decline by 13.0% in January–September 2025.
Imports of wood pellets to Japan expanded 14%.