July 29, 2021
Vancouver, BC - Canfor Corporation (“The Company” or “Canfor”) (TSX: CFP) today reported its second quarter 2021 results:
Overview
- Record quarterly reported operating income of $1.04 billion driven by unprecedented high lumber prices and
a strong operating performance across all regions; record-high quarterly sales of $2.5 billion - Record shareholder net income of $727 million, or $5.81 per share
- Net cash of $916 million at June 30, 2021; US$150 million repayment of term debt in the current quarter
- Cumulative cash deposits of $645 million on countervailing and anti-dumping duties at June 30, 2021