In the quarter its lumber operations generated operating earnings of $63 million and Adjusted EBITDA of $100 million. Higher prices and shipments combined with a weaker Canadian dollar contributed to the improved results. Lumber markets improved slightly as generally milder weather conditions produced above normal home building activity in many parts of the U.S.
The panel segment, which includes plywood, LVL and MDF, generated operating earnings in the quarter of $12 million and Adjusted EBITDA of $15 million, mostly reflecting weakening plywood and MDF prices.
Pulp and paper operations generated operating earnings in the quarter of $5 million and Adjusted EBITDA of $14 million. Pulp results benefitted from a weaker Canadian dollar as U.S. dollar-denominated pulp prices were relatively stable in the quarter.
West Fraser is a diversified wood products company producing lumber, LVL, MDF, plywood, pulp, newsprint, wood chips and energy with facilities in western Canada and the southern United States.
