Chief executive officer Steven Rogel said the company could not rely on market conditions to improve its earnings performance and that it needed to be proactive.
Louisiana-Pacific Corp income for the second quarter was US$55m on sales from continuing operations of US$653m. In the same period last year net income was US$100m on sales of US$692m.
“Lower OSB pricing levels and the strength of the Canadian dollar reduced our earnings for the second quarter,” said CEO Rick Frost.
Plum Creek Timber Company Inc saw second quarter earnings of US$62m on revenues of US$380m compared to earnings of US$69m on revenues of US$358m in 2005.
“Timber markets experienced good demand and steady prices during the quarter,” said CEO Rick Holley.
At Deltic Timber Corporation results were impacted by the slowdown in housing starts in the US, according to CEO Ray Dillon. Net income for the second quarter totalled US$2.5m compared to US6.4m in 2005. Operating activities provided US$10.4m compared to US$11.5m last year.
Lee Nutter, CEO at Rayonier Inc, said the company’s second quarter results reflected the strength and balance of its three core businesses as demand and prices remained strong, particularly for cellulose specialities and US timber.
Second quarter income from continuing operations was US$42.8m compared to US$41.6m in 2005.
Meanwhile, in Canada Tembec saw consolidated sales for its third quarter of C$862.3m, down from C$937.7m last year. The company suffered a net loss of C$6.6m compared to a net less of C$142.5m in the corresponding quarter of 2005.
