Why it’s on the map
Largest US plywood/EWP producer. Canadian plywood now carries the 50% Section 338 tariff with NO USMCA exemption — the most direct competitive gift in the wood package.
Government money & contracts
None.
Customers & commercial
Homebuilders, dealers; James Hardie partnership.
Catalysts
Q3 EBITDA guide $82–114M; DA Davidson PT $99.
Risk
Canada's 50% counter-tariff on US plywood (Sept 8); housing starts -13.5% YoY.
Tariff durability
Section 338 (fragile) + housing cycle.