Interfor Corporation recorded net earnings in 4Q 2016 of $26.6 million, compared to $15.1 million in 3Q 2016 and a loss of $3.5 million in 4Q 2015. For the year, net earnings were $65.6 million, compared to a loss of $30.4 million in 2015. Adjusted EBITDA was a record $199.6 million, eclipsing the previous record set in 2014.

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Interfor increases 4Q net earnings to $26.6 million

Interfor Corporation ("Interfor") recorded net earnings in 4Q 2016 of $26.6 million, compared to $15.1 million in 3Q 2016 and a loss of $3.5 million in 4Q 2015.

Adjusted net earnings (which takes into account the effects of share-based compensation expense and non-recurring items) in 4Q 2016 were $17.7 million compared to $20.7 million in 3Q 2016 and $4.5 million in 4Q 2015.

Adjusted EBITDA was $51.3 million on sales of $442.3 million in 4Q 2016 versus $58.1 million on sales of $457.6 million in 3Q 2016.
For the year, net earnings were $65.6 million, compared to a loss of $30.4 million in 2015. Adjusted EBITDA was a record $199.6 million, eclipsing the previous record set in 2014.

Interfor is a growth-oriented lumber company with operations in Canada and the United States.