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Financial Results > Canada

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Interfor reports Q1 results
Interfor Corporation (“Interfor” or the “Company”) (TSX:IFP) recorded net earnings in Q1’18 of $33.0 million, or $0.47 per share, compared to $36.2 million, or $0.52 per share in Q4’17 and $19.7 million, or $0.28 per share in Q1’17. Adjusted net earnings in Q1’18 were $36.8 million or $0.52 per share, compared to $45.1 million, or $0.64 per share in Q4’17 and $22.7 million, or $0.32 per share in Q1’17. For more, click here...
5/4/2018


Resolute reports 1Q results
Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today reported net income for the quarter ended March 31, 2018, of $10 million, or $0.11 per share, compared to a net loss of $47 million, or $0.52 per share, in the same period in 2017. Sales were $874 million in the quarter, an increase of $2 million from the first quarter of 2017. Excluding special items, the company reported net income of $17 million, or $0.18 per share, compared to a net loss, excluding special items, of $30 million, or $0.33 per share, in the first quarter of 2017. For more, click here...
5/3/2018


Norbord reports 1Q results
Norbord Inc. (TSX and NYSE: OSB) today reported Adjusted EBITDA of $170 million for the first quarter of 2018 versus $103 million in the first quarter of 2017 and $204 million in the fourth quarter of 2017. The year-over-year improvement is primarily due to higher North American oriented strand board (OSB) prices and shipment volumes, as well as higher European panel prices. The quarter-over-quarter decrease is due to lower North American OSB price realizations and shipment volumes. For more, click here...
5/3/2018


Western Forest Products reports 1Q results
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported adjusted EBITDA of $43.0 million in the first quarter of 2018, compared to adjusted EBITDA of $34.0 million in the first quarter of 2017, and $38.9 million reported in the fourth quarter of 2017. Operating income prior to restructuring and other income was $32.6 million in the first quarter of 2018, compared to $23.9 million in first quarter of 2017, and $30.3 million reported in the fourth quarter of 2017. For more, click here...
5/3/2018


West Fraser reports 1Q results
West Fraser, Vancouver, B.C., reported sales of $1,364 million in the first quarter of 2018 compared to $1,376 million in the fourth quarter of 2017 and $1,189 million in the first quarter of 2017. Adjusted EBITDA was $379 million, or 27.8% of sales. The company said this quarter's results were unfavorably impacted by severe winter weather, significant transportation challenges, and a full quarter of export duties. For more, click here...
4/26/2018


Canfor announces 1Q results
Canfor Corporation (TSX: CFP) today reported first quarter 2018 results. Highlights included: Q1, 2018 adjusted operating income of $238.7 million driven by historically high lumber prices and record-high pulp and paper earnings; record-high sales of $1.23 billion; and adjusted net income of $145.4 million, or $1.13 per share. For more, click here...
4/25/2018


CanWel announces 4Q, 2017 results
CanWel Building Materials Group Ltd. (“CanWel” or “the Company”) (TSX:CWX) announced today its fourth quarter and full year 2017 financial results for the period ended December 31, 2017. For the year ended December 31, 2017, consolidated revenues increased by 16.1% to $1.14 billion when compared to $978.3 million in the same period in 2016. Sales for the Building Materials Distribution segment increased by $142.4 million or 15.2%, largely due to the Company’s continuing focus on its product mix strategies and target customer base, continued strengthening of US housing markets, the results from the Honsador and TFI Acquisitions, as well as an upward trend in construction material pricing. For more, click here...
3/9/2018


Canfor reports 4Q results
Canfor Corporation has reported fourth quarter 2017 results. Q4 2017 adjusted operating income was $190.8 million, aided by improved lumber unit sales realizations and record-high pulp and paper earnings; operating income of $598.5 million and record-high sales of $4.66 billion in 2017. Adjusted net income was $114.8 million, or $0.89 per share; $363.4 million, or $2.77 per share, for 2017. The company reported operating income of $214.2 million for the fourth quarter of 2017, up $108.8 million from reported operating income of $105.4 million for the third quarter of 2017. For more, click here...
2/26/2018


Western Forest announces 4Q, 2017 results
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported adjusted EBITDA of $38.9 million in the fourth quarter of 2017, compared to adjusted EBITDA of $33.8 million in the fourth quarter of 2016, and $32.6 million reported in the third quarter of 2017. For the year ended December 31, 2017, Western generated annual revenue of $1,143.4 million, as compared to annual revenue of $1,187.3 million in the prior year. Western delivered adjusted EBITDA of $152.6 million compared to $148.2 million in 2016. For more, click here...
2/16/2018


Conifex Timber announces 4Q, 2017 results
Conifex Timber Inc. today reported that adjusted IBITDA in the fourth quarter of 2017 increased to a record $17.5 million from $12.1 million in the previous quarter and $9.3 million in the same quarter of 2016. In 2017, adjusted IBITDA was a record $46.0 million, compared to $33.6 million in 2016. For more, click here...
2/16/2018


West Fraser announces 4Q, 2017 results
West Fraser reported earnings of $207 million or $2.66 basic earnings per share on sales of $1,376 million in the fourth quarter of 2017 and earnings of $596 million or $7.63 basic earnings per share on sales of $5,134 million for 2017. For more, click here...
2/15/2018


Interfor reports Q4 results
Interfor Corporation (“Interfor” or the “Company”) (TSX:IFP) recorded net earnings in Q4’17 of $36.2 million, or $0.52 per share, compared to $16.8 million, or $0.24 per share in Q3’17 and $26.6 million, or $0.38 per share in Q4’16. Adjusted net earnings in Q4’17 were $45.1 million or $0.64 per share, compared to $20.0 million, or $0.29 per share in Q3’17 and $17.7 million, or $0.25 per share in Q4’16. Adjusted EBITDA was a record $89.5 million on sales of $532.8 million in Q4’17 versus $60.5 million on sales of $489.2 million in Q3’17. For the year, net earnings were $97.2 million, or $1.39 per share, compared to $65.6 million or $0.94 per share in 2016. Adjusted EBITDA and sales were both records at $287.8 million and $2.0 billion, respectively. For more, click here...
2/9/2018


Norbord reports record 2017 earnings
Norbord Inc. (TSX and NYSE: OSB) today reported Adjusted EBITDA of $204 million for the fourth quarter of 2017 versus $200 million in the prior quarter and $115 million in the fourth quarter of 2016. For the full-year 2017, Norbord recorded Adjusted EBITDA of $672 million compared to $385 million in 2016 on higher North American OSB prices and shipment volumes. North American operations generated Adjusted EBITDA of $638 million compared to $352 million in the prior year and European operations delivered Adjusted EBITDA of $41 million, in line with the prior year. For more, click here...
2/2/2018


Resolute announces 4Q results
Resolute Forest Products, Montreal, reported a fourth-quarter profit of $13 million or 14 cents per diluted share compared with a loss of $45 million or 50 cents per share a year ago. Sales for the three months ended Dec. 31 totaled $898 million, up from $889 million a year ago. Excluding special items, the company said it earned $14 million or 15 cents per share for the quarter compared with a loss, excluding special items of $7 million or eight cents per share in the fourth quarter of 2016. For more, click here...
2/1/2018


CanWel announces 3Q financial results
CanWel Building Materials Group Ltd. announced today its third quarter 2017 financial results for the period ended September 30, 2017. Revenues increased by 14.7% to $317 million compared to $276 million in the same period in 2016. For more, click here...
11/10/2017


Interfor announces 3Q results
Interfor Corporation recorded net earnings in the third quarter of 2017 of $16.8 million, or $0.24 per share, compared to $24.5 million, or $0.35 per share, in the second quarter of 2017, and $15.1 million, or $0.22 per share, in the third quarter of 2016. For more, click here...
11/3/2017


Western Forest Products reports 3Q financial results
Western Forest Products Inc. reported adjusted EBITDA of $32.6 million in the third quarter of 2017, compared to adjusted EBITDA of $35.7 million in the third quarter of 2016, and $47.1 million in the second quarter of 2017. For more, click here...
11/3/2017


Resolute announces 3Q results
Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today reported net income for the quarter ended September 30, 2017, of $24 million, or $0.26 per share, compared to net income of $14 million, or $0.15 per share, in the same period in 2016. Sales were $885 million in the quarter, essentially unchanged from the third quarter of 2016. Excluding special items, the company reported net income of $31 million, or $0.34 per share, compared to net income, excluding special items, of $15 million, or $0.17 per share, in the third quarter of 2016. For more, click here...
11/2/2017


Norbord reports 3Q results
Norbord Inc. (TSX and NYSE: OSB) today reported Adjusted EBITDA of $200 million for the third quarter of 2017 versus $115 million in the third quarter of 2016 and $165 million in the second quarter of 2017. The improvement is primarily due to higher North American oriented strand board (OSB) prices and shipment volumes. For more, click here...
10/27/2017


Canfor reports 3Q results
Canfor Corporation reported net income attributable to shareholders of $66.2 million, or $0.51 per share, for the third quarter of 2017, compared to shareholder net income of $81.3 million, or $0.61 per share, for the second quarter of 2017 and net income attributable to shareholders of $50.9 million, or $0.38 per share, for the third quarter of 2016. For the nine months ended September 30, 2017, shareholder net income was $213.6 million or $1.62 per share, compared to $112.9 million, or $0.85 per share, for the nine months ended September 30, 2016. For more, click here...
10/23/2017


Conifex announces record Q2 results
Conifex Timber Inc. (TSX:CFF) today reported results for the second quarter ended June 30, 2017. Adjusted EBITDA in the second quarter of 2017, which excludes countervailing duty ("CVD") deposits of $4.6 million, was a record $14.8 million, compared to $6.1 million in the first quarter of 2017 and $9.0 million in the second quarter of 2016. Compared to the previous quarter, an improvement in lumber segment adjusted EBITDA of $10.3 million was partially offset by seasonally lower bioenergy segment adjusted EBITDA and foreign exchange translation loss. Compared to the second quarter of 2016, lumber segment adjusted EBITDA improved by $6.7 million and bioenergy segment adjusted EBITDA was lower by $0.6 million. For more, click here...
8/11/2017


Interfor reports Q2 results
Interfor Corporation ("Interfor" or "the Company") (TSX:IFP) recorded net earnings in Q2'17 of $24.5 million, or $0.35 per share, compared to $19.7 million, or $0.28 per share in Q1'17 and $23.2 million, or $0.33 per share in Q2'16. Adjusted net earnings1 (which takes into account the effects of share-based compensation expense and non-recurring items) in Q2'17 were $28.7 million or $0.41 per share, compared to $22.7 million, or $0.32 per share in Q1'17 and $17.5 million, or $0.25 per share in Q2'16. For more, click here...
8/4/2017


Western Forest Products announces 2Q results
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported adjusted EBITDA of $47.1 million in the second quarter of 2017, compared to adjusted EBITDA of $43.0 million in the second quarter of 2016, and $34.0 million reported in the first quarter of 2017. Net income of $25.6 million ($0.06 per diluted share) was reported for the second quarter of 2017, as compared to $23.8 million ($0.06 per diluted share) for the second quarter of 2016 and $16.2 million ($0.04 per diluted share) in the previous quarter. Adjusted EBITDA and net income were reduced by $9.2 million of export duties expensed in the second quarter of 2017. For more, click here...
8/3/2017


Resolute reports 2Q results
Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today reported a net loss for the quarter ended June 30, 2017, of $74 million, or $0.82 per share, compared to a net loss of $42 million, or $0.47 per share, in the same period in 2016. Sales were $858 million in the quarter, down $33 million, or 4%, from the second quarter of 2016. Excluding special items, the company reported a net loss of $3 million, or $0.03 per share, compared to net income, excluding special items, of $2 million, or $0.02 per share, in the second quarter of 2016. For more, click here...
8/3/2017


Norbord reports 2Q results; increases quarterly dividend
Norbord Inc. (TSX and NYSE: OSB) today reported Adjusted EBITDA of $165 million for the second quarter of 2017 versus $94 million in the second quarter of 2016 and $103 million in the first quarter of 2017. The improvement is primarily due to higher North American oriented strand board (OSB) prices and shipment volumes. North American operations generated Adjusted EBITDA of $157 million compared to $85 million in the same quarter last year and $102 million in the prior quarter. For more, click here...
7/28/2017


Canfor reports 2Q financial results
Canfor Corporation (TSX: CFP) today reported net income attributable to shareholders (“shareholder net income”) of $81.3 million, or $0.61 per share, for the second quarter of 2017, compared to shareholder net income of $66.1 million, or $0.50 per share, for the first quarter of 2017 and a net income attributable to shareholders of $36.0 million, or $0.27 per share, for the second quarter of 2016. For the six months ended June 30, 2017, the Company’s shareholder net income was $147.4 million, or $1.11 per share, compared to $62.0 million, or $0.47 per share, for the six months ended June 30, 2016. For more, click here...
7/27/2017


Tembec reports financial results for third fiscal quarter
Consolidated sales for the three-month period ended June 24, 2017, were $419 million, as compared to $376 million in the same quarter a year ago. The Company generated net earnings of $17 million or $0.17 per share in the June 2017 quarter compared to net earnings of $9 million or $0.09 per share in the June 2016 quarter. Operating earnings before depreciation, amortization, and other items (adjusted EBITDA) was $59 million for the three-month period ended June 24, 2017, as compared to adjusted EBITDA of $26 million a year ago and adjusted EBITDA of $54 million in the prior quarter. For more, click here...
7/26/2017


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