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Financial Results > Canada


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Western Forest Products reports 4Q net income
Western Forest Products Inc. announced results for the fourth quarter and year ended December 31, 2016. The company reported fourth-quarter adjusted EBITDA of $33.8 million in 2016, compared to adjusted EBITDA of $29.6 million in the same quarter last year, and $35.7 million reported in the third quarter of 2016. For more,click here...
2/21/2017


West Fraser reports 4Q earnings
West Fraser reported fourth-quarter earnings of C$79 million on sales of C$1.1 billion. The company reported that earnings for 2016 reached C$326 million on record sales of C$4.4 billion. For more,click here...
2/17/2017


Conifex reports net 4Q income
Conifex Timber Inc. reported that adjusted EBITDA* in the fourth quarter of 2016 increased to a record $9.3 million from $8.5 million in the previous quarter and $7.3 million in the same quarter of 2015. In 2016, adjusted EBITDA was a record $33.6 million, compared to $7.7 million in 2015. In the fourth quarter of 2016, the company had net income of $5.1 million, or $0.24 per diluted share, compared to net income of $1.4 million or $0.07 per diluted share in the previous quarter, and a net loss of $0.3 million or $0.01 per share in the fourth quarter of 2015. Current quarter operating and net income included proceeds from the settlement of a business interruption insurance claim of $2.5 million. In 2016, the company's net income was a record $70.2 million, or $3.32 per diluted share, compared to a net loss of $17.3 million, or $0.82 per share, in 2015. Net income in 2016 included unusual or non-recurring items totaling $63.8 million.
2/15/2017


Taiga reports net loss
Taiga Building Products Ltd. reported a net loss of $200,000 for the fiscal third quarter ended December 31 on sales of $277.4 million, which represented a 5% decline compared $292.5 million in sales in the same quarter the previous year. The company attributed the decreased sales to the ceased operations of one of its business units.
2/13/2017


Interfor reports Q4, 2016 results
Interfor Corporation ("Interfor" or "the Company") (TSX:IFP) recorded net earnings in Q4'16 of $26.6 million, or $0.38 per share, compared to $15.1 million, or $0.22 per share in Q3'16 and a loss of $3.5 million, or $0.05 per share in Q4'15. Adjusted net earnings (which takes into account the effects of share-based compensation expense and non-recurring items) in Q4'16 were $17.7 million or $0.25 per share, compared to $20.7 million, or $0.30 per share in Q3'16 and $4.5 million, or $0.06 per share in Q4'15. For more, click here...
2/10/2017


Canfor reports 4Q results
Canfor Corporation (TSX: CFP) today reported net income attributable to shareholders (“shareholder net income”) of $38.0 million, or $0.29 per share, for the fourth quarter of 2016, compared to a net income attributable to shareholders of $50.9 million, or $0.38 per share, for the third quarter of 2016, and shareholder net income of $1.6 million, or $0.01 per share, for the fourth quarter of 2015. For the 12 months ended December 31, 2016, the company’s shareholder net income was $150.9 million, or $1.14 per share, compared to shareholder net income of $24.7 million, or $0.18 per share, reported for the 2015 year. For more, click here...
2/9/2017


Norbord reports 2016 financial results
Norbord recorded Adjusted earnings of $55 million or $0.64 per share (basic and diluted) in the fourth quarter of 2016 versus $58 million or $0.68 per basic share ($0.67 per diluted share) in the third quarter of 2016 and $16 million or $0.19 per share (basic and diluted) in the fourth quarter of 2015. For the full year 2016, the Company recorded Adjusted earnings of $175 million or $2.04 per basic ($2.03 per diluted share) compared to an Adjusted loss of $14 million or $0.17 per share (basic and diluted) in 2015 that included a number of one-time merger-related expenses. For more, click here...
2/3/2017


Resolute reports 4Q, 2016 results
Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today reported a net loss for the quarter ended December 31, 2016, of $45 million, or $0.50 per share, compared to a GAAP net loss of $214 million, or $2.39 per share, in the same period in 2015. Sales were $889 million in the quarter, essentially unchanged from the fourth quarter of 2015. Excluding special items, the company reported a net loss of $3 million, or $0.03 per share, compared to a net loss of $26 million, or $0.29 per share, in the fourth quarter of 2015. For the year, the company reported a GAAP net loss of $81 million, or $0.90 per share, compared to a net loss of $257 million, or $2.78 per share, in 2015. For more, click here...
2/2/2017


Tembec reports financial results
Consolidated sales for the three-month period ended December 24, 2016, were $370 million, as compared to $354 million in the same quarter a year ago. Tembec generated a net loss of $9 million or $0.09 per share in the December 2016 quarter compared to a net loss of $28 million or $0.28 per share in the December 2015 quarter. The December 2016 quarter included a non-cash loss of $16 million related to the translation of US dollar denominated debt. Operating earnings before depreciation, amortization and other items (adjusted EBITDA) was $34 million for the three-month period ended December 24, 2016, as compared to adjusted EBITDA of $29 million a year ago and adjusted EBITDA of $57 million in the prior quarter. For more, click here...
1/27/2017


CN reports record Q4 net income
CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2016. For the fourth quarter, net income increased 8% to $C1,018 million, while diluted EPS increased 12% to $C1.32, compared with the fourth quarter of 2015. For more, click here...
1/25/2017


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