{"id":79990,"date":"2020-11-03T10:11:04","date_gmt":"2020-11-03T10:11:04","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/west-fraser-reports-large-profits-q3-2020-higher-lumber-prices\/"},"modified":"2025-09-19T08:54:19","modified_gmt":"2025-09-19T08:54:19","slug":"west-fraser-reports-large-profits-q3-2020-higher-lumber-prices","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/west-fraser-reports-large-profits-q3-2020-higher-lumber-prices\/","title":{"rendered":"West Fraser reports large profits in Q3\/2020 on higher lumber prices"},"content":{"rendered":"<p><em>West Fraser Timber Co. Ltd. says it swung to a large profit in the third quarter on higher lumber prices.<\/em><\/p>\n<p>The Vancouver-based forestry company says it earned $350 million or $5.09 per share for the three months ended Sept. 30, up from a loss of $45 million or 65 cents per share a year earlier.<\/p>\n<p>Adjusted profits also surged, to $386 million or $5.63 per share, compared with a loss of $15 million or 22 cents per share in the third quarter of 2019.<\/p>\n<p>Sales grew 42 per cent to $1.69 billion, from $1.19 billion in the prior year.<\/p>\n<p>West Fraser was expected to post $4.59 per share in adjusted profits on $1.65 billion of revenues, according to financial data firm Refinitiv.<\/p>\n<p>The company said its lumber segment generated $454 million of $487 million in operating earnings during the quarter.<\/p>\n<p><strong>Third Quarter Highlights<\/strong><\/p>\n<ul>\n<li>Sales increased by 32% to $1,690 million in the quarter.<\/li>\n<li>Adjusted EBITDA increased to $605 million from $184 million in the second quarter.<\/li>\n<li>Cash flow from operations of $613 million for the third quarter and $930 million year to date.<\/li>\n<li>Available liquidity improved by $546 million to $1,346 million from June 30, 2020, revolving credit facility repaid in the quarter.<\/li>\n<li>Growth and margin improvement in the U.S. South as investments continue to show results.<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>West Fraser Timber Co. Ltd. says it swung to a large profit in the third quarter on higher lumber prices. The Vancouver-based forestry company says it earned $350 million or $5.09 per share for the three months ended Sept. 30, &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/west-fraser-reports-large-profits-q3-2020-higher-lumber-prices\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":83501,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715],"tags":[4435,3315],"class_list":["post-79990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","tag-lumber-segments","tag-west-fraser","topic-forestry","topic-industry-prices","topic-sawmilling","topic-wood-construction","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>West Fraser reports large profits in Q3\/2020 on higher lumber prices - 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\/west-fraser-reports-large-profits-q3-2020-higher-lumber-prices\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"West Fraser reports large profits in Q3\/2020 on higher lumber prices - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"West Fraser Timber Co. Ltd. says it swung to a large profit in the third quarter on higher lumber prices. 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