Canfor Reports Results for First Quarter of 2021

Apr 29, 2021

Canfor Corporation (“The Company” or “Canfor”) (TSX: CFP) today reported its
first quarter 2021 results:

Overview

  • Record quarterly reported operating income of $603 million driven by historically high lumber prices and
  • improved global pulp market conditions; record-high quarterly sales of $1.94 billion
    Shareholder net income of $428 million, or $3.42 per share
  • Net debt of $85 million at March 31, 2021; $225 million repayment of term debt in the current quarter
  • Cumulative cash deposits of $615 million on countervailing and anti-dumping duties at March 31, 2021

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