Canfor Corporation|Financial Updates

Canfor reports results for third quarter of 2022

October 27, 2022

Vancouver, BC - Canfor Corporation (“The Company” or “Canfor”) (TSX: CFP) today reported its third quarter of 2022 results:

Overview

  • Q3 2022 reported operating income of $108.6 million; quarterly sales of $1.7 billion
  • Downward pressure on global lumber market fundamentals and pricing following highs earlier in the year
  • Reduced Western Canadian operating schedules & European seasonal downtime led to lower shipments
  • Strong global pulp fundamentals & improved pulp production following capital-related downtime
  • Shareholder net income of $87.4 million, or $0.71 per share

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