Increased Lumber Production
Lumber production was a near record 128 million board feet in Q1, up 12% from Q4 due to seasonal downtime in the fourth quarter.
Successful Woodroom Upgrade
Completion of the woodroom upgrade at Selgar Mill, expected to decrease reliance on sawmill residuals and lower per unit fiber costs.
Stable Fiber Costs in Pulp Segment
Pulp segment had stable fiber costs compared to Q4, with some cost savings in Canada due to improved fiber sourcing strategies.
Lumber Price Increase
Realized lumber prices increased in Q1 compared to Q4 due to higher prices in the U.S. and European markets, driven by reduced supply and steady demand.
Liquidity Position
Liquidity position totaled $471 million, comprised of about $182 million of cash and $289 million of undrawn revolvers.