{"id":79245,"date":"2020-05-25T07:09:24","date_gmt":"2020-05-25T07:09:24","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/interfor-produces-less-lumber-q1-2020\/"},"modified":"2025-09-19T08:53:20","modified_gmt":"2025-09-19T08:53:20","slug":"interfor-produces-less-lumber-q1-2020","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/interfor-produces-less-lumber-q1-2020\/","title":{"rendered":"Interfor produces less lumber in Q1\/2020"},"content":{"rendered":"<p><em><span lang=\"EN-IN\">Interfor Corporation reported results for the initial quarter of the current year.<\/span><\/em><\/p>\n<p><span lang=\"EN-IN\">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<\/span><\/p>\n<p><span lang=\"EN-IN\">t posted adjusted net earnings of $0.7 million compared to adjusted net losses of $17.4 million in the prior quarter.<\/span><\/p>\n<p><span lang=\"EN-IN\">The adjusted EBITDA was $36.6 million on sales of $479.6 million. Interfor ended the quarter with net debt of $322.0 million.<\/span><\/p>\n<p><span lang=\"EN-IN\">The total lumber production during the initial quarter of the year was 627 million board feet, down from the production of 668 million board feet in the previous quarter, driven by reduced production in the B.C. region. The quarterly lumber shipments totalled 641 million board feet.<\/span><\/p>\n<p><span lang=\"EN-IN\">The lumber inventory levels posted a decline of 4 million board feet over the quarter, the company press release said. The overall benchmark lumber prices recorded improvement over the prior quarter, although it registered steep decline in April.<\/span><\/p>\n<p><span lang=\"EN-IN\">The company has announced various proactive measures to protect the health of employees and safeguards its financial position.<\/span><\/p>\n<p><span lang=\"EN-IN\">The Covid-19-related market uncertainties are likely to have negative impacts on near-tern lumber demand.<\/span><\/p>\n<p><span lang=\"EN-IN\">Meantime, production curtailments are likely to lead to balanced supply-demand situation. The demand is expected to normalize over the mid-to-long-term.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>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 &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/interfor-produces-less-lumber-q1-2020\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":63149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716],"tags":[3766,3305,3762],"class_list":["post-79245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","tag-financial-results","tag-interfor","tag-lumber-production","topic-forestry","topic-sawmilling","area-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Interfor produces less lumber in Q1\/2020 - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/interfor-produces-less-lumber-q1-2020\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interfor produces less lumber in Q1\/2020 - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"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. 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