Key Points – Q2 results weakened: Revenue fell to $14.6 million from $17.1 million, while adjusted EBITDA dropped to $1.3 million from $2.4 million and net income declined to $1.3 million, or $0.07 per share.
Lower volumes, seasonal conditions and elevated customer inventories outweighed a 19% increase in weighted average selling prices. – Maine operations improved: Operational changes focused on reducing cost per cubic meter helped lift Maine adjusted EBITDA to a loss of $0.4 million from a $0.9 million loss, although the segment remained unprofitable
Management expects further improvement through the rest of 2026. – Outlook is cautiously positive: New Brunswick inventories have normalized, supporting a recovery in sales volumes, but pulpwood demand and pricing remain soft. Acadian ended the quarter with $15 million of net liquidity and plans to refinance $45 million of debt maturing in March 2027, while renewable-energy, carbon-credit and Maine real-estate projects offer longer-term upside. Acadian Timber (TSE:ADN) reported lower revenue, adjusted EBITDA and net income for the second quarter of 2026, as seasonal operating conditions and elevated customer inventories reduced sales volumes.
Management said operational improvements in Maine began to benefit costs during the quarter, while it expects New Brunswick sales volumes to recover as customer inventories normalize. The company generated $14.6 million in revenue for the quarter ended June 27, down from $17.1 million a year earlier. Adjusted EBITDA totaled $1.3 million, compared with $2.4 million in the second quarter of 2025, while net income was $1.3 million, or $0.07 per share, versus $2.7 million, or $0.15 per share, a year earlier.