April 29, 2021
Vancouver, BC - 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