West Fraser Announces Third Quarter Results

Oct 21, 2019

Analyst Call:

Oct 22, 2019 - 8:30am PDT

Vancouver, B.C. – West Fraser Timber Co. Ltd. reports third quarter 2019 results:

Third Quarter Highlights

  • Completed closure of Chasm, British Columbia (“B.C.”) lumber facility and completed the shipment of all site inventories.
  • Implemented variable production schedule at remaining B.C. lumber mills.
  • U.S. South lumber production improved by 7% over second quarter.
  • NBSK production up 14% over prior quarter.
  • Cash flow from operations of $116 million for the quarter.
  • Lumber shipments exceed production by 179 million board feet year to date.
  • Quarter ending net debt to capital ratio of 28% and available liquidity of $580 million.

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
(604) 895-2700

www.westfraser.com