Posted February 9, 2018
Interfor Corporation (“Interfor”) recorded net earnings in 4Q 2017 of $36.2 million, compared to $16.8 million in 3Q 2017 and $26.6 million in 4Q 2016. 4Q 2017 sales were $533 million and EBITDA was $90 million, as the company said in the press release received by Lesprom Network.
Adjusted net earnings in 4Q 2017 were $45.1 million, compared to $20 million in 3Q 2017 and $17.7 million in 4Q 2016. Adjusted EBITDA was a record $89.5 million on sales of $532.8 million in 4Q 2017 versus $60.5 million on sales of $489.2 million in 3Q 2017.
For the year, net earnings were $97.2 million, compared to $65.6 million in 2016. Adjusted EBITDA and sales were both records at $287.8 million and $2 billion, respectively.
Interfor is a growth-oriented lumber company with operations in Canada and the United States. The Company has annual production capacity of approximately 3.1 billion board feet.