Positive EBITDA and Revenue Growth
Q2 adjusted EBITDA was $17 million, and total revenue increased 6% quarter-over-quarter with a 13% increase in the volume of lumber shipped.
Improved Production and Lower Costs
Production improved by 4%, and conversion costs were lower in several regions, with production cost per unit of lumber decreasing 3% quarter-over-quarter.
Strong Financial Position
Net income of $11 million was recorded, and operating cash flow generated was $85 million, with available liquidity of over $330 million.
Diversified Platform
75% of total production is not subject to U.S. duties, and the U.S. platform represents 60% of the asset base.