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Financial Results > Canada

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Interfor announces 1Q results
Interfor Corporation ("Interfor" or "the Company") (TSX:IFP) recorded net earnings in Q1'17 of $19.7 million, or $0.28 per share, compared to $26.6 million, or $0.38 per share in Q4'16 and $0.8 million, or $0.01 per share in Q1'16. Adjusted net earnings (which takes into account the effects of share-based compensation expense and non-recurring items) in Q1'17 were $22.7 million or $0.32 per share, compared to $17.7 million, or $0.25 per share in Q4'16 and $2.7 million, or $0.04 per share in Q1'16. For more, click here...
5/5/2017


Resolute reports 1Q results
Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today reported a net loss for the quarter ending March 31, 2017, of $47 million, or $0.52 per share, compared to a net loss of $8 million, or $0.09 per share, in the same period in 2016. Sales were $872 million in the quarter, down $5 million, or 1%, from the first quarter of 2016. Excluding special items, the company reported a net loss of $30 million, or $0.33 per share, compared to a net loss, excluding special items, of $22 million, or $0.25 per share, in the first quarter of 2016. For more, click here...
5/4/2017


Western Forest Products reports financial results
Western Forest Products reported adjusted EBITDA of $34.0 million in the first quarter of 2017, compared to adjusted EBITDA of $35.7 million in the first quarter of 2016, and $33.8 million reported in the fourth quarter of 2016. Accelerating log and lumber pricing largely offset the impacts of poor coastal winter weather which drove higher costs for timberlands and manufacturing. Improved average price realizations for log and lumber of 16% and 8%, respectively, were supported by strong specialty log and lumber markets, constrained supply and the continued gradual improvement in lumber demand, as compared to the same quarter of 2016. The Company successfully grew revenue to $287.7 million in the first quarter of 2017, as compared to $269.8 million in the first quarter of 2016, and $293 million in the fourth quarter of 2016. For more, click here...
5/4/2017


Norbord reports 1Q results
Norbord Inc. (TSX and NYSE: OSB) today reported Adjusted EBITDA of $103 million for the first quarter of 2017 versus $61 million in the first quarter of 2016 and $115 million in the fourth quarter of 2016. The year-over-year improvement is primarily due to higher North American OSB prices and shipment volumes, while the quarter-over-quarter decrease is due to higher resin prices and the timing of annual maintenance shutdowns and related costs. North American operations generated Adjusted EBITDA of $102 million compared to $53 million in the same quarter last year and $108 million in the prior quarter. European operations delivered Adjusted EBITDA of $6 million versus $10 million in both comparative quarters. For more, click here...
5/2/2017


Tembec reports second fiscal quarter results
Consolidated sales for the three-month period ending March 25, 2017, were $387 million, as compared to $380 million in the same quarter a year ago. The Company generated net earnings of $24 million or $0.24 per share in the March 2017 quarter compared to net earnings of $27 million or $0.27 per share in the March 2016 quarter. The prior year quarter included a non-cash gain of $27 million related to the translation of US dollar denominated debt. The March 2017 quarter includes a non-cash debt translation gain of $7 million. Operating earnings before depreciation, amortization and other items (adjusted EBITDA) was $54 million for the three-month period ending March 25, 2017, as compared to adjusted EBITDA of $36 million a year ago and adjusted EBITDA of $34 million in the prior quarter. For more, click here...
5/2/2017


West Fraser announces financial results
West Fraser reported earnings of $79 million or $1.01 basic earnings per share on sales of $1,107 million in the fourth quarter of 2016 and earnings of $326 million or $4.06 basic earnings per share on sales of $4,450 million for 2016. For more, click here...
4/26/2017


Canfor reports financial results
Canfor Corporation (TSX: CFP) today reported net income attributable to shareholders (“shareholder net income”) of $66.1 million, or $0.50 per share, for the first quarter of 2017, compared to shareholder net income of $38.0 million, or $0.29 per share, for the fourth quarter of 2016 and a net income attributable to shareholders of $26.0 million, or $0.20 per share, for the first quarter of 2016. For more, click here...
4/26/2017


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