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Western Announces Fourth Quarter 2020 Results News provided by Share this article TSX: WEF VANCOUVER, BC, Feb. 18, 2021 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ( Western or the Company ) reported adjusted EBITDA of $71.1 million in the fourth quarter of 2020. Western capitalized on strong North American lumber markets by growing Western Red Cedar ( WRC ) shipments, and by redirecting commodity production from weaker export markets into the speciality treated lumber segment. Net income in the fourth quarter of 2020 was $34.4 million ($0.09 net income per diluted share), as compared to a net loss of $29.2 million ($0.09 net loss per diluted share) for the fourth quarter of 2019 and net income of $11.5 million ($0.03 net income per diluted share) in the third quarter of 2020.

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