Tree Frog Forestry News

West Fraser Announces 2018 Annual and Fourth Quarter Results

By West Fraser Timber
Cision Newswire
February 12, 2019
Category: Business & Politics
Region: Canada, United States

VANCOUVER – West Fraser today reported results for the fourth quarter and full year of 2018.  Ted Seraphim, CEO of West Fraser stated, “The fourth quarter was challenging on a number of fronts including soft lumber markets, difficult weather conditions in the U.S. South, production curtailments in British Columbia as well as planned and unplanned downtime. In spite of these challenges, in 2018 we reported the highest level of EBITDA in company history, continued deploying capital to our mills with a number of high return projects completed and maintained our balanced capital allocation strategy. We increased our dividend twice and executed $675 million of share buybacks while maintaining significant financial flexibility.  

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