Tree Frog Forestry News

Interfor Reports Q3’19 Results

By Interfor Corporation
Global Newswire
November 7, 2019
Category: Business & Politics
Region: Canada, Canada West

VANCOUVER — Interfor recorded a net loss in Q3’19 of $35.6 million, or $0.53 per share, compared to a net loss of $11.2 million, or $0.17 per share in Q2’19 and net earnings of $28.2 million, or $0.40 per share in Q3’18.  Adjusted net loss in Q3’19 was $11.8 million compared to an Adjusted net loss of $16.2 million in Q2’19 and Adjusted net earnings of $28.3 million in Q3’18. Adjusted EBITDA was $16.8 million on sales of $486.5 million in Q3’19 versus $12.6 million on sales of $481.3 million in Q2’19. Included in the Company’s results for Q3’19 are $23.2 million (after-tax) for capital asset write-downs and restructuring costs, or $31.8 million on a pre-tax basis. 

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