The Board of the Finnish Forest Industries Federation has elected Ilkka Hämälä, the future President...
Interfor recorded net earnings of $16.8 million in 3Q
Interfor Corporation recorded net earnings in 3Q 2017 of $16.8 million, or $0.24 per share, compared to $24.5 million, or $0.35 per share in 2Q and $15.1 million, or $0.22 per share in 3Q 2016. 3Q sales up to $489.2 million, compared to $457.6 million in 3Q 2016.
Adjusted net earnings (which takes into account the effects of share-based compensation expense and non-recurring items) in 3Q were $20 million or $0.29 per share, compared to $28.7 million, or $0.41 per share in 2Q and $20.7 million, or $0.30 per share in 3Q 2016.
Adjusted EBITDA for 3Q 2017 was $60.5 million (or $70 million excluding the impact from $9.4 million of softwood lumber duties expense), on sales of $489.2 million versus $77.4 million on sales of $511.4 million in 2Q.
Interfor is a growth-oriented lumber company with operations in Canada and the United States.