Interfor Lumber Output Hit Fresh Peak in Q4'21

SEATTLE (Scrap Monster): Interfor Corporation reported net earnings of $69.7 million, or $1.15 per share in Q4 2021. This compares with $65.6 million, or $1.05 per share in Q3’21 and $149.1 million, or $2.24 per share in Q4’20. The adjusted net earnings during the quarter were $78.2 million. The adjusted EBITDA and sales totalled $149.5 million and $675.9 million in Q4’21.

For the full year 2021, the company reported net earnings of $819.0 million, or $12.88 per share, compared with $280.3 million, or $4.18 per share in 2020. The adjusted EBITDA for the year was $1.2 billion on sales of $3.3 billion.

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The total quarterly lumber production at 758 million board feet represented a surge of 27 million board feet over the prior quarter, thus making it a new quarterly production record for the company. The U.S. South and U.S. Northwest regions accounted for 409 million board feet and 166 million board feet of production respectively. The production from the B.C. region totalled 183 million board feet.

Interfor generated $133.1 million of cash flow from operations before changes in working capital. The capital spending amounted to $63 million. The company’s available liquidity surged to $1 billion at the end of the previous year.