2017 International Forest Industries Magazines June July 2017 | Page 27

LUMBER PROCESSING NEWS Acadian Timber increased 1Q net sales to $23.1 million For the 1Q 2017, Acadian Timber Corp. generated net sales of $23.1 million compared to $21.4 million in the comparable period of 2016, driven primarily by favourable winter harvest conditions, particularly for spruce and fir stands. Total sales volumes were 18% higher than the same period in the prior year, driven by a 34% increase in softwood sawlog sales volumes. Adjusted EBITDA for the 1Q was $8 million compared to $7 million during the comparable period in 2016. Adjusted EBITDA margin for the quarter was 35%, up from 33% in the same period last year, as the decrease in average selling price was more than offset by operating leverage from higher sales volumes and the benefit of higher and better use (HBU) land sales in Maine. Net income totaled $4.8 million, or $0.28 per share, for the 1Q, compared to $4.3 million, or $0.26 per share, for the same period in 2016. The increase is primarily due to the aforementioned sales volumes increase and partially offset by higher fair value adjustments due to higher harvest volumes. “Acadian generated strong free cash flow during the 1Q resulting in a payout ratio down to 62% inclusive of the impact of our recent 10% dividend increase,” said Mark Bishop, CEO of Acadian. “Our operations benefited from favorable winter conditions which supported seasonally strong log production”. Raptor Integration Inc. has received an order from North Fork Lumber in Korbel, California Raptor Integration Inc. (RemaSawco’s joint venture partner in North America), has received an order from North Fork Lumber in Korbel, California. Delivery will take place in the 3Q 2017. The order value is SEK 6 million ($681,818) and comprises delivery and installation of the North American version of its RS-BoardScannerQ system - FX85. Delivery and commissioning will be carried through together with RemaSawco´s North American partner Raptor Inc. “This is a significant order for RemaSawco. It’s the 2nd order from the same customer and is a receipt for a breakthrough on the important North American market and also important for our future growth. These 2 facilities will become reference plants in demonstrating the advantages of our systems to other customers in North America,” says Mikael Jacobsson, Business Development Manager at RemaSawco. Mikael Jacobsson, Business Development Manager at RemaSawco SCREW TECHNOLOGY THE NEW GENERATION OF LOG HANDLING SYSTEMS SPRINGER MASCHINENFABRIK GMBH [email protected] | www.springer.eu Hans-Springer-Strasse 2 | A-9360 Friesach | T [phone] | F [phone] SPRINGER MICROTEC Inc. [email protected] | www.springer-microtec.com 201, 1847 West Broadway | Vancouver, V6J1Y6 | Canada | T 604.879.4628 International Forest Industries | JUNE / JULY 2017 21