Adjusted EBITDA was a loss of $22.3 million on sales of $813.2 million in Q1 2024 versus a loss of $51.4 million on sales of $785.9 million in Q4 2023 and Adjusted EBITDA of $26.1 million on sales of $829.9 million in Q1 2023.
Finance
Net earnings were $3.5 million or $0.14 per share for the three-month period ended March 31, 2024, compared to $9.5 million or $0.37 per share for the equivalent period last year.
Net income for the Q1 2024 was $77 million, or $1.36 per share, compared to net income of $60 million, or $1.03 per share, in the corresponding period of 2023.
Net income for the Q1 2024 totaled $6.0 million, or $0.35 per share, compared to net income of $5.6 million, or $0.33 per share in the same period of 2023.
Gross profit was $1.3 billion, a decrease of 5.2% compared to the prior year period.
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.