VANCOUVER, BC - Acadian Timber Corp. reported financial and operating results for the three months ended Sept. 25 of $4.8 million, $4.1 million higher than Acadian's EBITDA in the third quarter of 2009, excluding the $0.6 million gain from a land sale in the prior year. EBITDA margin increased to 27% from 9% in the comparable period of 2009.
"Demand for softwood sawlogs was relatively strong during the third quarter and we were able to merchandise effectively to achieve a larger proportion of sales from this higher margin product. In addition, Acadian saw average selling prices increase for all primary products," said Reid Carter, CEO.
For the nine months ended Sept. 25, Acadian generated net sales of $50.5 million on sales volume of 1,016.8 thousand m3 as compared to net sales of $46.7 million on sales volume of 915.3 thousand m3 in the comparable period of 2009.
Acadian owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine, and provides management services relating to approximately 1.3 million acres of Crown licensed timberlands. Acadian also owns and operates a forest nursery in Second Falls, NB. Acadian's products include softwood and hardwood sawlogs, pulpwood and biomass by-products, sold to more than 110 regional customers.
Read more on Acadian's fiscal results
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