Market News of Note

As a result of the prolonged weakness in global pulp markets and the Company's persistent challenges accessing economically viable fibre, an asset write-down and impairment charge totaling $106.5 million was recognized in Q4 2025, which included a write-off of a previously recognized deferred tax asset of $52.5 million.

Sonoco Products Company, a global leader in high-value sustainable paper products, announced it is implementing a $70 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning April 3, 2026.

Greif, a global leader in performance packaging products and services, announced it is implementing a price increase between $60 and $70 per short ton for all grades of uncoated recycled paperboard (URB) products and a minimum 7.5 percent increase on all tube and core and protective packaging products.

SCA will increase the prices on all Kraftliner grades in Europe by € 100 per tonne.

Grew fourth quarter net sales to $1.8 billion, up 29.7% from the prior-year quarter, primarily from acquisition activity.

During Q4 2025, the Company reported net sales of $567 million, representing a decrease of $114 million from last year.

Sonoco Products Company, a global leader in high-value sustainable metal and paper packaging, on Feb. 17 hosted an Investor Day in which it provided investors with an update on its value creation strategy, financial targets and capital allocation plan, led by President and Chief Executive Officer Howard Coker and members of the senior leadership team.

Net loss from continuing operations of $53 million, or $3.28 per diluted share, primarily driven by a $48 million non-cash goodwill impairment, partly offset by insurance proceeds.

Sales of $463.1 million increased 1.0% year over year, and 1.9% on an organic basis.

Mondi's management say they are confident in being able to manage industry headwinds, including falling paper prices, by increasing volumes and better management of margins, CEO Andrew King said.

Rayonier Inc. announced that the Company's board of directors has declared a first quarter cash dividend of $0.26 per common share. The dividend is payable on March 31, 2026, to shareholders of record on March 17, 2026.

Sylvamo's board of directors declared a quarterly dividend of $0.45 per share for the period of April 1, 2026, to June 30, 2026. The dividend is payable April 28, 2026, to holders of record at the close of business April 7, 2026.

Boise Cascade Company reported fourth quarter net income of $8.7 million, or $0.24 per share, on sales of $1.5 billion. For the full year 2025, Boise Cascade reported net income of $132.8 million, or $3.53 per share, on sales of $6.4 billion.

Greif, Inc., a global leader in industrial packaging products and services, announced that its Board of Directors has declared quarterly cash dividends of $0.56 per share on its Class A Common Stock, and $0.84 per share on its Class B Common Stock.

UFP Industries, Inc. reported net sales of $1.33 billion for the Q4 ended December 31, 2025, a 9% decrease from the same period last year, driven by a 2% decrease in price and a 7% decline in organic units amid soft end-market demand.

Canfor Pulp Products Inc. announced that it will record a non-cash asset write down and impairment charge totaling approximately $106 million in its fourth quarter of 2025 results. The impairment reflects sustained declines in global US-dollar pulp list prices combined with persistent challenges in securing economically viable fibre.

Sun Chemical Packaging and Graphics will implement a price increase across its portfolio of nitrocellulose‑containing products in Latin America, driven by sustained and significant increases in nitrocellulose costs. The adjustments take effect immediately, or as stipulated in existing customer agreements, with the level of increase varying by product type and nitrocellulose content.

U.S. containerboard production decreased by 4% for the full year 2025 compared to 2024, according to the American Forest & Paper Association. The operating rate for the sector remained stable, ending the year above 91%, the industry organization reported.

Avery Dennison Corporation announced preliminary, unaudited results for its fourth quarter and full year ended December 31, 2025. Non-GAAP financial measures referenced in this release are reconciled from GAAP in the attached financial schedules. Unless otherwise indicated, comparisons are to the same period in the prior year.

Net sales $5,449 million, up 68% driven by the Berry acquisition.

UPM-Kymmene reports weaker profitability in 2025 as lower sales prices and adverse currency effects outweigh higher pulp deliveries, stable energy production, and capacity reductions in communication papers.

Finland-based Metsä Group, one of the world's leading forest industry companies, recorded sales of Euro 5.83 billion in 2025, up 1.5% from 2024, while its comparable operating result turned negative at Euro -85 million due to weak market conditions and higher fixed costs.

GAAP: Net sales of $792 million, Operating income of $14 million.

GAAP: Net sales of $792 million, Operating income of $14 million.

Sappi Europe will implement a price increase of Euro 50 per ton on its entire Woodfree Coated sheet portfolio, effective March 16, 2026.