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