Portland, Ore.-based Willamette's earnings rose to $90.2 million compared with $63.3 million a year earlier. Earnings for the quarter include a pretax charge of $5.1 million from a plant closure and settlement of federal litigation involving the company's building materials operations.
Revenues for the quarter ended June 30 rose about 13 percent to $1.14 billion, up from year-ago figures of $1.01 billion.
The company, whose primary products are pulp, bag paper and corrugated containers, among others, said strong performance in white paper and higher demand in corrugated products accounted for the improved earnings. But the company said it did not expect market conditions to improve soon for its building materials products, including lumber and panel products, due to pricing pressure from high interest rates.
Explore the July 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- 2026 Plastics Recycling Conference: Diving into SB 54
- Commentary: Plastic recycling isn’t working; what are we going to do about that?
- Environmental groups urge Indonesia to return e-scrap shipments
- Foodservice Packaging Institute opens applications for 2026 foam recycling grant program
- Worn Again Technologies unveils Accelerator plant to advance polycotton recycling
- Nashville Waste Services launches new digital route system
- Arconic expands in Iowa
- Cascades invests $6.9M in recycled boxboard plant
