West Fraser increased Adjusted EBITDA margin to 23.1% in 2Q2017

West Fraser more than doubled Adjusted EBITDA amid 19% increase of sales in 2Q2017 y-o-y. According to the announcement, the company’s sales accounted for CAD 1,322 million, generating Adjusted EBITDA of CAD 305 million (23.1% margin) in the period.

In January-June 2017, the company’s net sales accounted for CAD 2,511 million, 14.8% up from the level of the same period of 2016.

Ted Seraphim, President and CEO of West Fraser, commented:

“I want to thank all of our employees for their tremendous effort and dedication to operational excellence. We are going into the softwood lumber dispute with a strong balance sheet which will enable us to sustain another round of this long-standing disagreement.”

In 1Q2017 West Fraser increased Adjusted EBITDA margin to 20.6% y-o-y.

Check other wood business-related companies 2Q2017 schedules for financial and operating results.

Earlier West Fraser suspended operations in Canada due to wild fires in the nearby.

About West Fraser Timber:

The company is an integrated wood products company producing lumber, wood chips, LVL, MDF, plywood, pulp and newsprint. The Company has operations in western Canada and the southern United States.

Source: Woodbizforum