“As we review the details of the DC Circuit Court’s ruling, we are pleased the court upheld the practical start-up and shut-down provisions but continue to urge the EPA to conclude a 25-year rulemaking roller coaster ride by responding quickly to the court’s remand on the carbon monoxide limits. Our companies are focused on generating essential power from their boilers and deserve affordable and achievable standards that are not constantly in flux.”
http://afandpa.org/media/news/2018/03/16/af-pa-applauds-key-part-of-district-of-columbia-circuit-court-decision-on-epa-boiler-mact-rule-but-concerned-about-further-delay
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Highlights *Fourth quarter 2023 net loss from continuing operations was $21.6 million or $0.12 per share (diluted), compared to net earnings of $2.7 million or earnings of $0.01 per share (diluted) in the third quarter of 2023. For fiscal 2023, net loss from continuing operations was $48.8 million or $0.27 per share (diluted), compared to a net loss of $4.1 million or $0.02 per share (diluted) in 2022 on the same basis. *Average lumber prices for Q4 2023 were lower than Q3 2023, with an average selling price of $611/mfbm compared to $642/mfbm in Q3 2023. There was strong pricing momentum in the first half of Q3 2023 due to supply related concerns, which benefited results at the beginning of the third quarter. Despite lower prices, volumes in Q4 2023 were higher than Q3 2023 due to increased demand in the latter half of Q4 driven by positive trends in US housing starts and the central banks indicating a pause of further interest rate hikes. *The valuation provision for lumber and log inventory was decreased to $4.3 million from $8.7 million at the end of Q4 2022, generating a $4.4 million credit to cost of sales in fiscal 2023. *US Department of Commerce’s (“US DOC”) Final Determination of its Fourth Administrative Review resulted in a final duty rate of 8.05%. The Company stands to benefit from an approximate US$6.9 million (CAD$9.2 million) recovery on duties paid in 2021, as recorded in 2023. Additionally, the ongoing lower duty rate has positively impacted the Company’s earnings and free cash flow since August 1, 2023.
Avery Dennison Graphics Solutions announced the launch of its new Cut Vinyl Film Portfolio, re-engineered for industry-leading weeding performance and a longer shelf life. The Portfolio of films is incorporated in the “Color with Character” theme of the Avery Dennison Booth #3623 at ISA Sign Expo, March 22 - 24, 2018 in Orlando, Florida. The Cut Vinyl Film Portfolio features HP750 High Performance and SC950 Supercast Film in the broadest color selection available. The films feature an enhanced shelf life and the fastest and easiest weeding, when compared to competitive products, for best-in-class results. The films in the Cut Vinyl Film Portfolio are ideal for indoor and outdoor signage, fleet graphics and crafting. Additional product details can be found at graphics.averydennison.com/CutVinylFilms. Click Read More below for additional information.
Q3/2017 (year-on-year): Sales of EUR 2 509 (EUR 2 393) million increased 4.8%: the third consecutive quarter of sales growth. Sales excluding the paper business increased 11.1%. Operational EBIT increased 32.4% to EUR 290 (EUR 219) million. This was mainly due to favourable sales prices and increased volumes from the recent strategic investments, and good cost management. The ramp-up of Beihai Mill continues to proceed ahead of plan, and it is expected to reach full production during the first half of 2018, and operational EBITDA break-even in Q4/2017. Q1–Q3/2017 (year-on-year): Sales at EUR 7 534 (EUR 7 364) million increased 2.3%. Sales excluding the paper business increased 9.2%. Operational EBIT at EUR 724 (EUR 693) million increased 4.5%, mainly due to higher volumes. Click Read More below for additional information.