Strong Revenue Growth
Sales for Q3 2025 were $795 million, a 19.9% increase from $663.1 million in Q3 2024, driven primarily by the Doman Tucker Lumber acquisition.
Consistent Gross Margin
Gross margin for the quarter remained strong at 15.5%, consistent with the percentage achieved last year, totaling $123.1 million.
Increased EBITDA
EBITDA for Q3 2025 was $62 million, a 34% increase from $46.3 million in Q3 2024.
Improved Net Earnings
Net earnings for the quarter were $18.1 million, an increase of $3.5 million from $14.6 million in Q3 2024.
Debt Reduction and Increased Liquidity
The company significantly reduced debt, with year-to-date net repayments of the revolving loan facility totaling $150 million, leading to available liquidity of $397 million as of September 30, 2025.
Successful Timberlands Sale
The sale of the remaining timberlands generated $75.2 million, further strengthening the balance sheet.