West Fraser Timber reports 3Q 2019 sales of $1.19 billion, compared to $1.65 billion in the 3Q 2018. Adjusted EBITDA totalled $55 million, down from $446 million in the 3Q 2018, as the company said in the press release received by Lesprom Network.
West Fraser Timber generated cash flow from operations of $116 million in the 3Q and net debt increased only modestly by $41 million all while maintaining significant available liquidity of $580 million. Capital investment in the 3Q 2019 was $133 million, most of which was committed to the modernization of its U.S. South operating platform.
West Fraser is a diversified wood products company producing lumber, LVL, MDF, plywood, pulp, newsprint, wood chips, other residuals and energy with facilities in western Canada and the southern United States.
