2018 International Forest Industries IFI June July 2018 Digital | Page 24

LUMBER PROCESSING NEWS
Pope Resources reported 1Q net income of $5.7 million
Pope Resources reported net
income of $5.7 million, or $1.31 per
ownership unit, on consolidated
revenue of $25 million, and look-
through revenue of $17.6 million,
for 1Q 2018. This compares to net
income of $3.4 million, or $0.77 per
ownership unit, on consolidated
revenue of $17.3 million, and look-
through revenue of $11.4 million,
for 1Q 2017.
“The confluence of strong log
markets and favorable winter
weather in 2018’s first quarter
enabled us to push up harvest
volumes and realize significant
increases in cash flow from
operations compared to last year’s
first quarter,” said Tom Ringo,
President and CEO. “Log prices
generally were strongest in early
Q1-18.
As the favorable markets and
weather encouraged broad log
production participation, however,
realized prices slipped back 5
to 10% later in the quarter, still
coming in at levels higher than
recent quarters. Other items of
note for this quarter include the
previously announced January
acquisitions by Fund IV of two
timberland properties totaling
nearly 37,000 acres.
In Q1-18 we began marketing
timber deed sales on these two
properties with good early success
that augurs well for early cash yield
on the Partnership’s $17.1 million
Tom Ringo,
President & CEO
co-investment in these properties.
Finally, our Real Estate activities
in Q1-18 were focused on laying
the groundwork for sales that are
expected to close later in the year.”
Said Ringo.
Expressions of Interest – ForestTECH 2018
ForestTECH is a premier technology
series. It’s run for Australasia’s
forest resource managers,
planners, inventory foresters and
GIS and mapping specialists by
the Forest Industry Engineering
Association (FIEA). Since 2007,
it’s the one event every year that
focuses on this particular part of
the forestry industry.
Forest owners, forestry
mangers, key researchers and
technology providers are also
now picking up the opportunity
of building in their own client
meetings, workshops and
discussion groups around the
event.
Last year they had over 270
delegates attended the ForestTECH
Sawmills
SERRA
series. All major forestry
companies in Australia and New
Zealand were represented along
with representatives from major
Indonesian and South African
companies.
The focus for ForestTECH
2017 was “unlocking the true
value of data”. New systems for
better measuring, managing and
analysing this information were
reviewed. Emphasis was also
put on research findings from
in-forest trials and a three-year,
AU$1.8 million collaborative
research project on remote sensing
jointly funded by Forest & Wood
Products Australia (FWPA), forestry
companies, universities and
government.
What’s planned for 2018?
Key themes for this year’s event
will include;
– Storage, processing and
management of “big data”
– The practical application of
automation, robotics and sensors
by forest managers
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20 International Forest Industries | JUNE / JULY 2018
– Integrating virtual and
augmented reality into forestry
operations
– Results and lessons from
reconciling remote sensing data
into the field
– New innovations in mobile forest
apps and collection tools
– Mobile communications advances
in more remote locations
– Results from remote sensing
research and in-forest trials
– Workflow solutions for data
collected from airborne and UAV
systems
– New mapping and GIS
applications
– Changing skill sets required by
today’s forest resource managers
Already a number of leading
offshore companies (researchers
and tech suppliers from Canada,
the USA and Europe) have put
up their hand to be involved in
ForestTECH 2018.
At this stage, they are now
calling for expressions of interest
for presenting at this year’s
November series.
It’s planned to run in Rotorua,
New Zealand on 14-15 November
and then again in Melbourne,
Australia on 20-21 November.