VANCOUVER, B.C. – West Fraser Timber reported today the third quarter results of 2022. Sales were $2.088 billion, compared to $2.887 billion in the second quarter of 2022. Third quarter earnings were $216 million compared to $762 million in the second quarter of 2022. Third quarter Adjusted EBITDA was $426 million compared to $1,124 million in the second quarter of 2022. “West Fraser generated solid financial results in the third quarter of 2022 and returned more than $200 million of capital to shareholders through share repurchases and a quarterly dividend. Ray Ferris, West Fraser’s CEO said, “We saw considerable improvement in the transportation challenges that had impacted our business earlier this year. However, ongoing inflationary cost pressures and slowing demand for many of our key products impacted our financial results this quarter.