West Fraser Timber's Q4 2022 sales were $1.615 billion, compared to $2.088 billion in the Q3 2022. Q 2022 earnings were $94 million, or $1.13 per diluted share, compared to $216 million, or $2.50 per diluted share in the Q3 2022.
Q2 2022 Adjusted EBITDA was $70 million compared to $426 million in the Q3 of 2022.
“In the Q4 2022, we faced a challenging demand market as rising interest rates dampened new home construction activity in the U.S., most acutely impacting our Lumber business. Despite these market conditions, West Fraser delivered another strong year of performance in 2022, recording more than $3.2 billion of adjusted EBITDA for the period and returning nearly $2.1 billion of capital to shareholders through share repurchases and dividends. We continued to benefit from our product and geographic diversification, particularly in the Q4 when our North American and European Engineered Wood Panels and Pulp & Paper segments each made significant positive EBITDA contributions,” said Ray Ferris, West Fraser’s President & CEO.
Full year
Full year sales were $9.701 billion, compared to $10.518 billion in 2021. Full year earnings were $1.975 billion, or $20.86 per diluted share, compared to $2.947 million, or $27.03 per diluted share in 2021. Adjusted EBITDA was $3.212 billion in 2022 compared to $4.569 billion in 2021.
West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe.
