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Western Announces First Quarter 2021 Results
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TSX: WEF
VANCOUVER, BC, May 5, 2021 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ( Western or the Company ) reported adjusted EBITDA of $62.9 million in the first quarter of 2021. Western capitalized on strong North American markets and overcame logistics constraints to deliver record realized lumber pricing.
Net income in the first quarter of 2021 was $53.8 million ($0.14 net income per diluted share), as compared to a net loss of $21.0 million ($0.06 net loss per diluted share) for the first quarter of 2020 and net income of $34.4 million ($0.09 net income per diluted share) in the fourth quarter of 2020.
Western Announces Fourth Quarter 2020 Results
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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.