Apr 26, 2013. /Lesprom Network/. West Fraser Timber Co. Ltd. reported earnings of $67 million or $1.57 per share on sales of $863 million in the 1Q 2013. 1Q EBITDA was $141 million compared to $17 million in 1Q 2012, as the company said in a press release received by Lesprom Network.

In the 1Q lumber operations generated operating earnings of $122 million and EBITDA of $146 million. The improvement over the prior quarter reflects improved prices for SPF and SYP lumber.

The panel segment, which includes plywood, LVL and MDF, generated $14 million of operating earnings and EBITDA of $18 million in the quarter, reflecting higher plywood prices.

Pulp and paper operations generated an operating loss of $4 million in the 1Q and EBITDA of $8 million. The decline from the prior quarter occurred despite the increase in pulp prices as the results were adversely affected by production issues at our NBSK mills.

West Fraser is an integrated wood products company producing lumber, wood chips, LVL, MDF, plywood, pulp and newsprint. The Company has operations in western Canada and the southern United States.