Market News of Note

Loss from continuing operations of $12 million

UFP Industries reported second-quarter 2026 net sales of $1.88 billion, up 3% from $1.84 billion a year earlier, driven by 1% organic unit growth and a 2% contribution from acquisitions.

West Fraser expects housing affordability challenges, mortgage rates, inflation, tariffs and consumer confidence to continue influencing demand for wood building products in 2026 while maintaining its shipment outlook. The company reported improved market conditions across most business segments during the second quarter, with stronger European markets and continued operational improvements in North America.

Higher lumber prices improved second-quarter operations, while weak pulp demand, elevated inventories and lower pricing increased losses and contributed to mill closures.

Net loss of $21 million, or $1.33 per diluted share versus net income of $3 million, or $0.17 per diluted share in the second quarter of 2025

Net Income of $88 million, with a Net Income Margin of 1.1%

Net income increased 156.7% to $78.8 million or $1.37 per diluted Class A share compared to net income of $30.7 million or $0.53 per diluted Class A share.

The Board approved a plan to demerge the Plywood business into a new listed company.

Second quarter 2026 net sales of $1.9 billion were down (1.3)% compared to the corresponding prior-year quarter, driven primarily by the November 3, 2025 divestiture of the ThermoSafe business.

Sales increased 14.7% year over year to $2.49 billion and surpassed the consensus estimate of $2.40 billion by 3.6%.

Sales remained stable at EUR 2,423 (2,426) million, as the positive impact from structural changes was offset by lower prices and adverse currency movements.

The tariffs apply to a wide variety of products, ranging from raw agricultural and natural materials to chemicals, textiles, consumer goods, wood products, paper, machinery and tools.

New grade expands customers and markets served across coated and uncoated recycled paperboard applications.

The notice has no immediate effect, and the company has 180 days to regain compliance, which requires at least 10 consecutive business days with a closing bid of $1.00 or more.

Smurfit Westrock's ordinary shares are now solely listed on the New York Stock Exchange.

Smurfit WestRock on Wednesday announced that it will delist from the London Stock Exchange. The Dublin-based packaging firm said once the delisting takes effect, it will solely be listed on the New York Stock Exchange.

Hamburger Containerboard announced Thursday a €60 per metric ton price increase on all grades of recycled containerboard in European markets beginning in June.

More than 15%.

The change affects the company's projected net debt-to-equity ratio for fiscal 2025, an important indicator for investors and lenders assessing leverage and capital structure.

The company said it is actively addressing headwinds through cost-cutting initiatives, including workforce reductions.

Suzano, the world's largest pulp producer, announces its results for the first quarter of 2026 (1Q26), achieving a new all‑time record in pulp sales. Over the 12‑month period from April 2025 to March 2026, the company sold 12.7 million tonnes of pulp, the highest volume ever recorded in its history. During the same period, Suzano also sold 1.7 million tonnes of paper across the packaging, printing and writing, specialty, and tissue segments.

Interfor recorded a net loss of $63 million in the first quarter of 2026, compared with a $105 million net loss in the prior quarter, as benchmark lumber prices rebounded and the company's average selling price rose to $666 per thousand board feet. The company posted adjusted EBITDA of $31 million on sales of $643 million in the quarter.

Packaging Corporation of America announced that it intends to increase the quarterly cash dividend on its common stock to an annual payout of $6.00 per share from $5.00 per share, a 20% increase.

The company posted a net loss of $52.0 million, or $0.78 per share, compared to analyst estimates calling for a loss of $0.56 per share.

Sylvamo generated a net loss of $3 million and adjusted EBITDA of $29 million, representing a 4% margin. Cash used for operating activities was $10 million, and free cash flow was negative $59 million.