Strong Performance in New Brunswick
New Brunswick operations delivered solid results with favorable weather conditions and increased contractor availability, resulting in strong timber sales volumes. Sales volume, excluding biomass, increased 4% compared to the prior year period.
Increase in Biomass Volumes and Pricing
Biomass volumes doubled and pricing increased 68% due to changes in product mix.
Solid Safety Record
Acadian remains committed to health and safety, with only two minor recordable incidents among employees and one among contractors during the quarter.
Strong Liquidity Position
Acadian maintained a strong net liquidity position of $15.1 million, including cash balances and undrawn revolving credit facilities.