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.
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.