GREEN COVE SPRINGS, Fla., Nov. 14, 2025 (GLOBE NEWSWIRE) -- MDWerks, Inc. (“MDWerks” or the “Company”) (OTCQB: MDWK), a forward-thinking company leading the charge in the world of sustainable technology, today issued the following third quarter 2025 shareholder update from its Chief Executive Officer, Steven Laker. Dear Fellow Shareholders, Today we filed our Form 10-Q with the Securities and Exchange Commission for the third quarter ended September 30, 2025. On a sequential basis, MDWerks’ revenue increa ...

VANCOUVER, British Columbia, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Conifex Timber Inc. (“Conifex”, “we” or “us”) (TSX: CFF) today reported results for the third quarter ended September 30, 2025. EBITDA* was negative $16.6 million for the quarter compared to EBITDA of negative $3.2 million in the second quarter of 2025 and negative $3.9 million in the third quarter of 2024. Net loss was $16.6 million or ($0.41) per share for the quarter versus a net loss of $8.3 million or ($0.20) per share in the previous quart ...

Malaysian Media, Lumber Tycoon Tiong Hiew King Dies At 91 https://t.co/MXIgmeF3cA ...

Core Insights - Northborne Partners acted as the financial advisor for Tumac Lumber Company in the sale of its subsidiary, Disdero Lumber Company, to BlueLinx Holdings [1][3]. Company Overview - Disdero Lumber Company, founded in 1953 and headquartered in Clackamas, Oregon, is a leading value-added wholesale distributor of premium specialty forest products and building materials, primarily for custom single-family homes and high-end multi-family residential projects [2][5]. - Disdero offers a curated product portfolio sourced from top-tier domestic and international suppliers, ensuring exceptional quality and reliability for lumber yards and professional dealers [2][5]. Transaction Details - Ryan Kline, CEO of Disdero, expressed that BlueLinx is an ideal partner, emphasizing that their scale and resources will accelerate Disdero's growth while maintaining the company's core values [3]. - Paul Jevnick, Managing Director at Northborne, highlighted the successful positioning of Disdero despite challenging market conditions in the lumber industry [3]. - Brad McMurchie, Chairman of Tumac, acknowledged Northborne's expertise in the lumber and building materials marketplace, which was crucial for achieving a successful transaction outcome [3]. BlueLinx Holdings Overview - BlueLinx Holdings Inc. is a prominent U.S. wholesale distributor of residential and commercial building products, offering a wide range of branded and private-label SKUs across various product categories [6]. - The company has a strong market position with broad geographic coverage across fifty states, servicing a diverse customer base that includes national home centers, pro dealers, and industrial manufacturers [6].

Financial Data and Key Metrics Changes - The company reported an EBITDA of negative $28 million for Q3 2025, a decrease from negative EBITDA of $21 million in Q2 2025, primarily due to lower pulp pricing and demand [3][9] - The consolidated net loss for Q3 was $81 million, or $1.21 per share, compared to a net loss of $86 million, or $1.29 per share, in Q2 [9] - Cash consumption increased to $48 million in Q3 from $35 million in Q2, driven by lower EBITDA [10] Business Segment Data and Key Metrics Changes - The pulp segment had a negative EBITDA of $13 million, while the solid wood segment reported a negative EBITDA of $9 million [3][23] - Pulp sales volumes increased by 26,000 tons to 453,000 tons, while pulp production remained flat at 459,000 tons [5][20] - Lumber production decreased by about 4% to 150 million board feet, and lumber sales volumes decreased by about 9% to 110 million board feet [6][23] Market Data and Key Metrics Changes - Average published prices for MBSK and MBHK pulp decreased across all markets compared to Q2, with the MBSK net price in China at $690 per ton, down $44, and the European average at $1,497 per ton, down $56 [4][5] - Lumber pricing in the U.S. remained stable, with the benchmark price for Western SPF No. 2 Stud averaging $477 per 1,000 board feet, a modest increase from $472 [6] - Electricity sales totaled 204 gigawatt hours, a 6% decrease from Q2, while pricing increased to about $106 per megawatt hour [7][8] Company Strategy and Development Direction - The company is focused on its "One Goal 100" program, targeting $100 million in cost savings and operational efficiencies by the end of 2026, with an expected $30 million in savings by the end of 2025 [9][12] - The company aims to transform its pulp mills into biorefineries, enhancing resilience during commodity downturns [30][31] - The mass timber business is expected to grow, with a backlog of projects valued at about $80 million and increasing interest in sustainable construction [27][50] Management's Comments on Operating Environment and Future Outlook - Management highlighted significant industry headwinds due to trade uncertainty, impacting demand for both paper and lumber [11][29] - The company expects modest NBSK price improvements late in Q4 2025 and into Q1 2026, driven by curtailments and market dynamics [20][29] - Management remains optimistic about the long-term value of its products and the potential for market recovery as economic conditions improve [29][30] Other Important Information - The company plans to reduce capital expenditures in 2026, focusing on maintenance and essential projects [28][45] - The company is actively engaging in discussions with banks regarding liquidity and financing options [41][56] Q&A Session Summary Question: Potential asset sales to expedite deleveraging - Management is considering asset sales but acknowledges that current market conditions are not ideal for divestitures [32] Question: Industry supply-demand balance and capacity adjustments - Management indicated that closures of pulp mills may be necessary to right-size the industry, especially in Canada and Finland [33] Question: Substitution issues in the pulp market - Substitution has been ongoing, with a recent increase attributed to a significant price differential between hardwood and softwood pulp [35][38] Question: Liquidity-enhancing actions - Management is exploring various liquidity-enhancing actions, including discussions with banks and potential asset divestitures [41][43] Question: Industry supply pressures from sawmill closures - Management noted that the situation regarding chip access is already tight, and closures of sawmills could further impact pulp mills [54]

Core Insights - Interfor Corporation reported a net loss of $215.8 million in Q3 2025, a significant decline from net earnings of $11.1 million in Q2 2025 and a net loss of $105.7 million in Q3 2024 [1][2][21] - The adjusted EBITDA loss was $183.8 million on sales of $689.3 million, compared to an adjusted EBITDA of $17.2 million on sales of $780.5 million in Q2 2025 [2][8] - The company is facing ongoing challenges in the lumber market, leading to production curtailments and a decrease in average selling prices [2][3][4] Financial Performance - Total sales for Q3 2025 were $689.3 million, down from $692.7 million in Q3 2024 and $780.5 million in Q2 2025 [8][21] - Lumber production decreased to 912 million board feet, down from 935 million board feet in Q2 2025 [2][8] - The average selling price of lumber fell to $618 per thousand board feet, a decrease of $66 from Q2 2025 [2][8] Production and Market Conditions - Interfor announced plans to reduce lumber production by approximately 250 million board feet, or 26%, in Q4 2025 due to weak market conditions [2][3] - The company recorded a $147.4 million net duties expense related to U.S. tariffs, significantly impacting earnings [2][4][6] - The North American lumber market is expected to remain volatile due to economic adjustments, tariffs, and geopolitical uncertainties [3][4] Capital and Liquidity - Net debt increased to $893.3 million, representing 41.6% of invested capital, up from $798.0 million in Q2 2025 [2][9][11] - The company completed a bought deal offering generating gross proceeds of $143.8 million, which was used to pay down existing debt [10][12] - Interfor has available liquidity of $247.9 million based on its credit facilities [9][16] Strategic Outlook - The company maintains a diversified portfolio to mitigate risks and maximize returns, with approximately 60% of its lumber produced and sold in the U.S. [4][5][6] - Canadian lumber is expected to remain a key supply source for the U.S. market despite production constraints [5][6] - Interfor's capital expenditures for 2025 are projected to be between $90 million and $95 million, with a focus on strategic investments [6][17]

Core Insights - Interfor Corporation reported a net loss of $215.8 million in Q3 2025, a significant decline from a net profit of $11.1 million in Q2 2025 and a loss of $105.7 million in Q3 2024 [1][2][9] - The adjusted EBITDA loss was $183.8 million on sales of $689.3 million, compared to an adjusted EBITDA of $17.2 million on sales of $780.5 million in Q2 2025 [2][9] - The company is facing ongoing challenges in the lumber market, leading to production curtailments and a decrease in average selling prices [2][3][4] Financial Performance - The adjusted EBITDA loss of $183.8 million includes a $147.4 million net duties expense related to U.S. tariffs [2][8] - Lumber production decreased to 912 million board feet, down from 935 million board feet in Q2 2025, reflecting a 23 million board feet reduction [2][9] - The average selling price of lumber fell to $618 per thousand board feet, a decrease of $66 from Q2 2025 [2][9] Market Conditions - North American lumber markets are expected to remain volatile due to economic adjustments, tariffs, and labor shortages [3][4] - The company anticipates that Canadian lumber will continue to be a key supply source for the U.S. market despite challenges [5][6] - Interfor's diversified operations across Canada and the U.S. position it to navigate market volatility effectively [4][6] Capital and Liquidity - Net debt increased to $893.3 million, representing 41.6% of invested capital, up from $798.0 million in Q2 2025 [2][12] - The company completed a bought deal equity offering generating gross proceeds of $143.8 million, which was used to reduce existing debt [2][13] - Total capital expenditures for 2025 are projected to be between $90 million and $95 million [8] Strategic Initiatives - Interfor sold Coastal B.C. forest tenures for gross proceeds of $3.4 million, indicating a focus on monetizing assets [2][8] - The company has plans to reduce lumber production by approximately 250 million board feet in Q4 2025 due to weak market conditions [2][3] - An early renewal of the Revolving Term Line was completed, enhancing financial flexibility with a commitment of $562.5 million [2][20]

Core Insights - Western Forest Products Inc. reported a significant decline in financial performance for Q3 2025, with Adjusted EBITDA of negative $65.9 million, largely due to a non-cash export duty expense of $59.5 million [1][2] - The company experienced a net loss of $61.3 million in Q3 2025, compared to a net loss of $19.6 million in Q3 2024 and $17.4 million in Q2 2025 [2][3] - Revenue for Q3 2025 was $233.0 million, a decrease from $241.7 million in Q3 2024 and $289.1 million in Q2 2025 [2][3] Financial Performance - Adjusted EBITDA margin for Q3 2025 was negative 28%, compared to negative 4% in Q3 2024 and 0% in Q2 2025 [2][3] - Operating loss prior to restructuring and other items was $78.0 million in Q3 2025, up from $24.4 million in Q3 2024 and $12.3 million in Q2 2025 [2][3] - The company reduced net debt by $15.7 million compared to the end of Q2 2025, resulting in a net debt to capitalization ratio of 2% [6][2] Production and Sales - Lumber production was 107 million board feet in Q3 2025, down from 127 million board feet in Q3 2024 [6] - Lumber shipments totaled 129 million board feet in Q3 2025, compared to 138 million board feet in Q3 2024 [6] - The average lumber selling price increased to $1,409 per thousand board feet in Q3 2025, up from $1,378 per thousand board feet in Q3 2024 [6] Market Conditions - The North American lumber market is expected to remain weak due to high interest rates and low consumer confidence, compounded by elevated inventory levels [9] - An incremental 10% tariff on imported lumber products, effective October 14, 2025, is expected to further complicate market dynamics [8][9] - In international markets like Japan and China, housing demand is declining, but low lumber inventories are stabilizing prices [10] Strategic Developments - The company is focusing on transitioning to higher value products and has ongoing construction of two continuous dry kilns, with completion expected in early to mid-2026 [6][4] - Planned capital expenditures for 2025 have been reduced to approximately $30 to $35 million, including $16 million for the continuous dry kilns [6][4] - The company recorded $5.0 million in other income as an initial insurance recovery related to the Columbia Vista sawmill [14]

Group 1 - Weyerhaeuser's shares have declined by 26% over the past year, indicating poor performance [1] - The decline in housing construction activity has significantly impacted lumber demand and pricing, posing challenges for Weyerhaeuser [1] Group 2 - The article reflects a contrarian investment approach based on macro views and stock-specific turnaround stories [1]

Core Insights - The housing market is experiencing a slowdown, leading to builders cutting prices and offering incentives to sell finished homes, which in turn affects the demand for construction materials like lumber [1][3][19] - Lumber futures have decreased significantly from their August peak of around $695 per thousand board feet to the $590–$610 range, indicating a shift in market dynamics where supply exceeds demand [3][4][17] - Steel demand is also weak, with global prices under pressure due to insufficient consumption across various sectors, although certain regions still show strong demand for steel related to infrastructure and industrial projects [12][16][20] Lumber Market Analysis - Builders overestimated the demand for new homes, leading to excess inventory and a subsequent decline in lumber prices as housing starts and permits dropped [2][3][4] - The lumber market is signaling that housing is not absorbing materials quickly enough, which is a precursor to a slowdown in flatbed freight related to residential construction [8][19] - The expectation is that flatbed carriers heavily reliant on residential construction will face increased competition and need to diversify their service offerings to maintain profitability [10][18] Steel Market Analysis - Global steel demand has been weak throughout 2025, with prices affected by oversupply and insufficient end-use demand, particularly in Asia [12][13] - U.S. steel mills are benefiting from tariffs that limit imported steel, allowing them to maintain production levels despite weak global demand [14][16] - Certain sectors, such as energy and infrastructure, continue to drive demand for steel, indicating that while the overall market is soft, opportunities still exist in specific regions and industries [15][20] Future Outlook - The overall sentiment for flatbed freight heading into 2026 is one of caution, with expectations of a slow recovery in both lumber and steel markets [17][20] - The best opportunities for flatbed carriers will likely shift away from residential construction towards non-residential projects that are less sensitive to interest rates, such as utility infrastructure and industrial builds [18][20] - Carriers are advised to adapt to the changing landscape by broadening their service areas and focusing on sectors that continue to show demand despite the cooling housing market [10][18]