Market News of Note

Net loss from continuing operations of $53 million, or $3.28 per diluted share, primarily driven by a $48 million non-cash goodwill impairment, partly offset by insurance proceeds.

Sales of $463.1 million increased 1.0% year over year, and 1.9% on an organic basis.

Mondi's management say they are confident in being able to manage industry headwinds, including falling paper prices, by increasing volumes and better management of margins, CEO Andrew King said.

Rayonier Inc. announced that the Company's board of directors has declared a first quarter cash dividend of $0.26 per common share. The dividend is payable on March 31, 2026, to shareholders of record on March 17, 2026.

Sylvamo's board of directors declared a quarterly dividend of $0.45 per share for the period of April 1, 2026, to June 30, 2026. The dividend is payable April 28, 2026, to holders of record at the close of business April 7, 2026.

Boise Cascade Company reported fourth quarter net income of $8.7 million, or $0.24 per share, on sales of $1.5 billion. For the full year 2025, Boise Cascade reported net income of $132.8 million, or $3.53 per share, on sales of $6.4 billion.

Greif, Inc., a global leader in industrial packaging products and services, announced that its Board of Directors has declared quarterly cash dividends of $0.56 per share on its Class A Common Stock, and $0.84 per share on its Class B Common Stock.

UFP Industries, Inc. reported net sales of $1.33 billion for the Q4 ended December 31, 2025, a 9% decrease from the same period last year, driven by a 2% decrease in price and a 7% decline in organic units amid soft end-market demand.

Canfor Pulp Products Inc. announced that it will record a non-cash asset write down and impairment charge totaling approximately $106 million in its fourth quarter of 2025 results. The impairment reflects sustained declines in global US-dollar pulp list prices combined with persistent challenges in securing economically viable fibre.

Sun Chemical Packaging and Graphics will implement a price increase across its portfolio of nitrocellulose‑containing products in Latin America, driven by sustained and significant increases in nitrocellulose costs. The adjustments take effect immediately, or as stipulated in existing customer agreements, with the level of increase varying by product type and nitrocellulose content.

U.S. containerboard production decreased by 4% for the full year 2025 compared to 2024, according to the American Forest & Paper Association. The operating rate for the sector remained stable, ending the year above 91%, the industry organization reported.

Avery Dennison Corporation announced preliminary, unaudited results for its fourth quarter and full year ended December 31, 2025. Non-GAAP financial measures referenced in this release are reconciled from GAAP in the attached financial schedules. Unless otherwise indicated, comparisons are to the same period in the prior year.

Net sales $5,449 million, up 68% driven by the Berry acquisition.

UPM-Kymmene reports weaker profitability in 2025 as lower sales prices and adverse currency effects outweigh higher pulp deliveries, stable energy production, and capacity reductions in communication papers.

Finland-based Metsä Group, one of the world's leading forest industry companies, recorded sales of Euro 5.83 billion in 2025, up 1.5% from 2024, while its comparable operating result turned negative at Euro -85 million due to weak market conditions and higher fixed costs.

GAAP: Net sales of $792 million, Operating income of $14 million.

GAAP: Net sales of $792 million, Operating income of $14 million.

Sappi Europe will implement a price increase of Euro 50 per ton on its entire Woodfree Coated sheet portfolio, effective March 16, 2026.

Arctic Paper announces a price increase of 8-10% for both uncoated and coated fine papers across the European market.

The world's biggest cardboard box maker reported full-year adjusted core earnings (EBITDA) for 2025 of $4.94 billion, at the lower end of a $4.9 billion to $5.1 billion range that was revised down in October due to weak North American demand.

Pulp and paper sales reached 14.2 million tonnes, a 15% increase compared to 2024. This performance was driven primarily by the strong operational contribution of the Ribas do Rio Pardo pulp mill, which began production in July 2024, and the company's paper mills in the United States. As a result, Suzano's full‑year net revenue reached a record R$50 billion in 2025.

The company is pushing cost cuts, shifting its pulp mix and expanding mass timber amid expected price gains.

SCA will increase the price on NBSK pulp (Northern Bleached Softwood Kraft) in Europe. The new price will be 1,710 USD (+100 USD), effective for March deliveries and invoicing.

Rayonier reported 2025 adjusted EBITDA of $248.0 million, up 7.7% from 2024, and says results reflect weaker timber markets through the year alongside stronger Real Estate contributions.

Fourth quarter sales were $1.165 billion, compared to $1.307 billion in the third quarter of 2025. Fourth quarter earnings were $(751) million, or $(9.63) per diluted share, compared to earnings of $(204) million, or $(2.63) per diluted share in the third quarter of 2025. Fourth quarter Adjusted EBITDA was $(79) million compared to $(144) million in the third quarter of 2025.