Weyerhaeuser posts 14,3% upturn in OSB revenues

28.05.2018 − 

Weyerhaeuser delivered revenues of US$232m from its OSB activities in the first quarter. This 14.3% year-on-year growth was mainly prompted by an increase of almost one-fifth in average sales prices. This effect more than made up for a 3.9% drop in sales volumes to 739m sqft (3/8’’ basis), which include amounts purchased by its distribution area.

Sales prices decreased by about 6% compared with the previous quarter for the first time in a long while. Beforehand, the average prices charged by Weyerhaeuser had continuously increased by almost a third since the end of 2016.

Most other segments within the Wood Products division also booked stagnant or lower delivery volumes than the prior-year period between January and March, although this was offset by higher sales prices. Lumber revenues were up 19.0% at US$569m. The company registered a double-digit growth for softwood plywood (+13.6% to US$50m) and engineered solid sections (+10.3% to US$129m). I-joist revenues did not climb as much, increasing 6.8% to US$78m. MDF was the only product that was unable to offset a 13.6% slump in sales volumes to 51m sqft (3/4’’ basis) with better average sales prices. Revenues were down 8.5% at US$43m.

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