February 24, 2021
Vancouver, BC - Canfor Corporation (TSX: CFP) today reported 2020 and fourth quarter 2020 results:
Overview
- Record-high 2020 reported operating income of $727 million; adjusted operating income of $735 million; shareholder net income of $544 million, or $4.35 per share
- Fourth quarter of 2020 reported operating income of $420 million; adjusted operating income of $321 million; shareholder net income of $336 million, or $2.68 per share
- Net debt of $270 million at December 31, 2020, improvement of $256 million from prior quarter; available liquidity of $1.4 billion; net debt to capitalization of 9.3% at December 31, 2020
- Cumulative cash deposits of $594 million on countervailing and anti-dumping duties at December 31, 2020