Interfor Corporation recorded a net loss of $6.1 million, or $0.09 per share, on sales of $430.8 million in 3Q 2015 compared with a net loss of $20.6 million in 2Q 2015 and net earnings of $11 million in 3Q 2014.

Lumber

Interfor Corporation posts 3Q net loss of $6.1 million

Nov 25, 2015. /Lesprom Network/. Interfor Corporation recorded a net loss of $6.1 million, or $0.09 per share, on sales of $430.8 million in 3Q 2015 compared with a net loss of $20.6 million in 2Q 2015 and net earnings of $11 million in 3Q 2014.

Adjusted EBITDA, which excludes the losses and restructuring costs associated with Tacoma and certain other items but includes a $3.7 million EBITDA loss at Castlegar, was $11.5 million in 3Q 2015 versus $12.7 million in 2Q 2015 and $45.4 million in 3Q 2014.

Lumber production declined by 54 million board feet to 618 million board feet in 3Q 2015 compared to the preceding quarter, but was up 51 million board feet or 9% compared to 3Q 2014.

Interfor is a growth-oriented lumber company with operations in Canada and the United States. The Company has annual production capacity of more than 3 billion board feet and offers one of the most diverse lines of lumber products to customers around the world.