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May 25, 2020

Interfor produces less lumber in Q1/2020

Interfor Corporation reported results for the initial quarter of the current year.  The company reported net earnings of $6.3 million or $0.09 per share during the quarter. This compares with net losses of $41.7 million, or $0.62 per share in Q4 2019. I  t posted adjusted net earnings of $0.7 million compared to adjusted net losses of $17.4 million in the prior quarter.  The adjusted EBITDA was $36.6 million on sales of $479.6 million. Interfor ended the quarter with net debt of $322.0 million.  ...

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