In 4Q 2015 lumber operations generated operating earnings of $17 million and Adjusted EBITDA of $55 million.
Panels segment, which includes plywood, LVL and MDF, generated operating earnings in the 4Q of $16 million and Adjusted EBITDA of $19 million.
Pulp & paper segment generated operating earnings of $8 million and Adjusted EBITDA of $17 million. Production and shipments from its pulp mills were similar to the previous quarter but key prices declined. Newsprint shipments improved but prices continued their secular decline.
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.