Canfor Reports Results for Third Quarter of 2021

Overview:
•Q3 2021 reported operating income of $331 million driven by solid lumber segment results despite a sharp decline in North American lumber prices from prior quarter all-time highs
• Record quarterly earnings for the Company’s European lumber operations
• Shareholder net income of $210 million, or $1.68 per share
• Cumulative cash deposits of $656 million on countervailing and anti-dumping duties at September 30, 2021

The Company reported operating income of $331.0 million for the third quarter of 2021 driven by solid earnings in both the lumber and pulp and paper segments. Compared to the second quarter of 2021, current quarter reported operating income was down $710.3 million, reflecting a material decline in lumber segment earnings from an all-time high in the previous quarter, and, to a lesser extent, moderately lower pulp and paper segment earnings.
details at: https://www.canfor.com/docs/default-source/investor-relations/2021_q3_cfp_press_release.pdf?sfvrsn=d7a8e091_2

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