Interfor Corporation (“Interfor”) recorded a net loss in 1Q 2019 of $15.3 million, or $0.23 per share, compared to $13.5 million, or $0.20 per share in 4Q 2018 and net earnings of $32.7 million, or $0.47 per share in 1Q 2018. Sales were $451 million in the 1Q 2019, as the company said in the press release received by Lesprom Network.
Adjusted net loss in 1Q was $12.7 million compared to $20.2 million in 4Q 2018 and Adjusted net earnings of $36.5 million in 1Q 2018.
Adjusted EBITDA was $16.3 million on sales of $451.2 million in 1Q versus $8.9 million on sales of $468.5 million in 4Q 2018. The 1Q Adjusted EBITDA included approximately $1.2 million of expenses that were refinements of prior estimates.
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.