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West Fraser sees strong Q1 2021 with improvements in pulp segment

West Fraser Timber Co. reported its first-quarter 2021 results on May 6, citing operating earnings for its pulp and paper segment of $2 million.

This was over a Q4 ’20 loss of $28 million. Adjusted EBITDA of the pulp and paper segment was $11 million over a Q4 ’20 negative $20 million.

The company, which keeps its books in U.S. dollars, reports its results including the operations of Norbord as of Feb. 1. West Fraser acquired Norbord as of that date.

Company sales increased 81 per cent from the prior quarter to $2.343 billion. Earnings increased to $665 million, or 28 per cent of sales, from $282 million in the prior quarter.

Adjusted EBITDA increased to $1.008 billion from $453 million in the prior quarter.

For the full West Fraser Q1 2021 results, including lumber segment, click here.