The integrated company whose products include lumber, plywood, pulp and newsprint among others, said after markets closed Monday that revenues advanced to $1.03 billion from $878 million in the quarter.
Lumber operations generated operating earnings of $101 million, up from $81 in the second quarter, largely as a result of reduced costs and manufacturing productivity improvements related to capital investments, it said.
The panel segment generated operating earnings of $25 million, up from $10 million in the second quarter, as a result of substantially improved plywood prices.
Meanwhile, pulp and paper operations generated an operating loss of $2 million compared with operating earnings of $19 million in the previous quarter, largely the result of scheduled maintenance downtime at its Hinton pulp mill followed by a difficult startup.
