Pulp and Paper Canada

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West Fraser sees strong Q1 2021 with improvements in pulp segment


May 12, 2021
By P&PC Staff/West Fraser Timber Co.

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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.

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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.