PWC: Q3 US & Candian Paper Co.s Earnings

http://www.pwc.com/ca/en/forest-paper-packaging/global-net-earnings-summary.jhtml

Canadian and U.S. forest and paper products companies reported an overall improvement in net earnings for the third quarter of 2012 compared to the second quarter, with timber, solid wood and packaging/tissue sectors posting generally better results than the pulp and graphic paper manufacturers. Lumber and panel prices were supported through the quarter by the continued improvement in U.S. housing starts. Pulp prices continued to decline through the quarter, but have likely bottomed. European companies’ earnings were down from the second quarter of 2012 reflecting a generally weak European market.