Acadian Timber reverses Q3 loss

VANCOUVER — Acadian reported Q3 sales of $23.2 million, compared to $25.4 million in the prior year period. While demand for softwood sawlogs increased during the quarter, driven by a strong North American softwood lumber market, demand for hardwood pulpwood declined. The negative effects of COVID-19 impacted select hardwood pulpwood end use markets. Net income for the quarter amounted to $5.2 million, or $0.31 per share, compared to a net loss of $10.9 million ($0.65 per share) in the same period of 2019.