Strong Gross Margins in Specialty and Structural Products
Specialty products achieved gross margins of over 18% and structural products just over 9%, despite continued price deflation and lower volumes due to weather and macroeconomic factors.
Volume Growth in Key Product Categories
The company achieved volume growth in engineered wood products (EWP), lumber, and panels, which partially offset price deflation impacts.
Digital Transformation Progress
Phase 1 of the digital transformation efforts is on track to be completed by Q3 2025.
Greenfield Expansion Success
The Greenfield in Portland, Oregon, is performing better than expected and expanding its product offering monthly.
Strong Financial Position
The company has $449 million cash on hand and a net leverage ratio of negative 0.7 times, positioning it well for market rebounds and strategic initiatives.
Share Repurchase Plan
The company repurchased $15 million in shares during Q1 2025, with $31 million remaining in the current authorization.