Financial Reports & Markets
West Fraser reports record sales, earnings in second quarter
July 20, 2018 By P&PC staff
July 20, 2018 – West Fraser Timber Co. Ltd. has published its second quarter 2018 results, showing record sales and operating earnings for the quarter.
Among other highlights are:Record sales and operating earnings for the quarter
- Earnings up 76 per cent from previous quarter and 137 per cent from the second quarter of 2017
- Strong product pricing across all operating segments
- Repurchased 2.878 million shares for $256 million at an average price of $88.94
- Quarter ending net debt to capital ratio of 11 per cent and available liquidity of $864 million
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