Weyerhaeuser: wood products EBITDA plummets

In the 2022 financial year, the wood products business division of US-based Weyerhaeuser Co. (Seattle, Washington) generated turnover of US$7.958bn (2021: 8.221bn). This year-on-year decline of 3% is mainly due to decreased turnover in the structural lumber (-9% to US$3.374bn) and OSB (-14% to US$1.578bn) subdivisions....

In the second quarter, development of turnover and results at Louisiana-Pacific was hampered due to average prices in the OSB business division dropping by more than half year-on-year (-57%)....

In the second quarter of 2023, development of turnover and results at Louisiana-Pacific Corp. (Nashville, Tennessee) was hampered due to average prices in the OSB business division dropping by more than half year-on-year (-57%). Sales volumes also decreased significantly, down 21% to 766m sqft (basis 3/8”). As a...