Interfor Corporation recorded net earnings in 1Q 2021 of $264.5 million, or $4.01 per share, compared to $149.1 million, or $2.24 per share in 4Q 2020 and $6.3 million, or $0.09 per share in 1Q 2020. Adjusted net earnings in 1Q 2021 was $270.6 million compared to $164.7 million in 4Q 2020 and $0.7 million in 1Q 2020.
Adjusted EBITDA was a record $392.1 million on sales of $849.3 million in 1Q 2021 versus $248.6 million on sales of $662.3 million in 4Q 2020.
Total lumber production in 1Q 2021 was 687 million board feet, which was consistent with 4Q 2020 and only 1 million board feet below Interfor’s production record for a quarter.
Total lumber shipments were 666 million board feet, including agency and wholesale volumes, or 17 million board feet lower than 4Q 2020.
Interfor is a growth-oriented forest products company with operations in Canada and the United States. The Company has annual production capacity of approximately 3.2 billion board feet and offers a diverse line of lumber products to customers around the world.
