West Fraser Timber Co. Ltd. reported earnings of $107 million or $1.35 basic earnings per share on sales of $1,155 million in the third quarter of 2016.
The pulp & paper operations generated operating earnings of $22 million (Q2-16 - loss of $5 million) and Adjusted EBITDA of $31 million (Q2-16 - $4 million). Pulp and newsprint prices increased and pulp production was higher resulting in increased earnings.
West Fraser is a diversified wood products company producing lumber, LVL, MDF, plywood, pulp, newsprint, wood chips and energy with facilities in western Canada and the southern United States.
