EBITDA was down 19% to US$26.8m. The wood products division’s EBITDA was down 15% to US$23m, with building materials distribution down 20% to US$8.2m.

Lower commodity wood product prices, particularly structural panels, coupled with the severe weather and transportation difficulties impacted the results.

Price increases of 5% in engineered wood products and 23% in lumber resulted in sales growth of US$10.2m, but were offset by a decrease of US$15.2m due to lower plywood prices.