West Fraser Announces Second Quarter 2020 Results

Jul 27, 2020

Analyst Call:

Jul 28, 2020 - 8:30am PDT

Vancouver, B.C. - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX:WFT) today reported results for the second quarter of 2020. All dollar amounts in this news release are expressed in Canadian dollars.

Second Quarter Highlights:

  • Sales of $1,276 million; up 7% on previous quarter.
  • Lumber shipments 165 MMfbm higher than the previous quarter.
  • Adjusted EBITDA increased to $184 million.
  • Available liquidity improved by $506 million to $800 million from March 31, 2020.
  • Manufacturing operations fully resumed at virtually all facilities.
  • Growth and margin improvement; investments in U.S. South beginning to show in lumber segment
  • results.
  • Progress on Dudley, Georgia sawmill on track
     

 

West Fraser shares trade on the Toronto Stock Exchange under the symbol: “WFT”.

For more information:

Chris Virostek, Vice-President, Finance and Chief Financial Officer

www.westfraser.com