Canfor Corporation (“The Company” or “Canfor”) (TSX: CFP) today reported its second quarter of 2022 results:
Overview
- Q2 2022 reported operating income of $532 million; quarterly sales of $2.2 billion
- Downward pressure on North American lumber market fundamentals; significant decline in US-dollar lumber
benchmark pricing; uptick in European market pricing largely tied to traditional quarterly lag
- Improved lumber & pulp shipments despite ongoing transportation challenges
- Shareholder net income of $374 million, or $3.02 per share
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