Profits for Wood-Product Makers to Soar on Paper

By Kiesche, Elizabeth | THE JOURNAL RECORD, July 3, 1995 | Go to article overview

Profits for Wood-Product Makers to Soar on Paper


Kiesche, Elizabeth, THE JOURNAL RECORD


U.S. forest-product companies will profit from soaring paper prices in the second quarter, though earnings from the wood- and lumber-products business will be whittled away by waning construction activity.

The paper industry's four-quarter-old resurgence, which followed five years of declining demand for paper products, may mark the high point for its earnings growth, said Evadna Lynn, an analyst at Dean Witter Reynolds.

"The second quarter is likely to be the peak quarter," she said. On average, Lynn said she expects forest-products companies' earnings to quintuple from year-ago levels.

Even if profits continue to climb in coming quarters, "the second quarter will be the last of the very easy earnings comparisons," said Mark Diverio, an analyst at UBS Securities. "Since the paper industry started recovering in the third quarter of last year, the comparisons will get tougher."

Boise Cascade, for example, is expected to earn $1.34 a share, based on the average estimate of 14 analysts polled by Zacks Investment Research. That compares with a year-ago loss of 86 cents.

Plain white paper, in particular, is benefiting from continued strong demand and higher prices. Prices for uncoated free sheet, the kind of paper used in photocopying machines and laser printers, rose 11 percent to an average second quarter price of $1,125 a ton, said Sherman Chao, a forest-products analyst at Merrill Lynch Co.

Boise Cascade Corp., Champion International Corp. and Bowater Inc. are the most likely to exceed analysts' estimates because of their large operations to supply paper for computer printers and plain-paper fax machines, Diverio said.

Newsprint prices also will contribute to the earnings of those three companies, he said. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Profits for Wood-Product Makers to Soar on Paper
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.