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West Fraser Announces 2021 Second Quarter Results and 2021 Virtual Investor Event
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West Fraser Announces 2021 Second Quarter Results and 2021 Virtual Investor Event
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West Fraser Announces 2021 First Quarter Results
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West Fraser or the
Company ) (TSX: WFG) (NYSE: WFG) reported today the first quarter results of 2021. All dollar amounts in this news release are expressed in U.S. dollars unless noted otherwise.
The results of operations presented and discussed below include those of Norbord from February 1, 2021, the date of the completion of the acquisition of Norbord.
First Quarter Highlights
Sales increased 81% from the prior quarter to $2.343 billion
Earnings increased to $665 million, or 28% of sales, from $282 million in the prior quarter
Adjusted EBITDA increased to $1.008 billion from $453 million in the prior quarter