Through the first 11 weeks of the first quarter of 2023, specialty product gross margin was in the range of 18% to 19%, with daily sales volumes lower by a range of 17% to 18% versus the prior year due to the current challenging macro environment and compared to a historically strong Q1 2022. Structural product gross margin was in the range of 10% to 11% with daily sales volumes relatively consistent when compared to last year. The company will continue to evaluate market pricing for wood-based commodities and adjust accordingly at the end of each period. The company intends to provide its full financial results for the first quarter 2023 in early May.
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Published first on TheFly
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