Western Announces Third Quarter 2017 Results

By Western Forest Products Inc.
Marketwired
November 2, 2017
Category: Business & Politics
Region: Canada, Canada West

VANCOUVER, BRITISH COLUMBIA- Western Forest Products Inc. (TSX:WEF) reported adjusted EBITDA of $32.6 million in the third quarter of 2017, compared to adjusted EBITDA of $35.7 million in the third quarter of 2016, and $47.1 million reported in the second quarter of 2017. Hot, dry weather lowered log harvest and reduced Western’s third quarter log and lumber sales volumes. The Company mitigated US lumber duties and capitalized on improved market demand and pricing by increasing lumber sales to China.

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