Canfor Reports Results for Third Quarter of 2022
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