The variation in consolidated net income, operating income, and EBITDA was largely attributable to operating results in the lumber segment as fluctuations in corporate costs, other items and bioenergy segment expenses between the comparative quarters were modest and did not have a material effect on overall operating results. The lumber segment recorded operating income of $4.4 million during the 1Q 2014 which represented an improvement of $1.1 million over the previous quarter and a decline of $4 million from the 1Q 2013.
1Q EBITDA of $6.1 million was comprised of lumber segment EBITDA of $7.1 million offset by corporate costs and other items of $1 million. Lumber segment EBITDA improved by $1.6 million over the previous quarter and declined by $3.4 million from the 1Q 2013.
Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution.