West Fraser’s adjusted EBITDA totaled around US-$1.1 billion (€1.1 billion) in the period April to June, representing 39% of sales, which amounted to US-$2.9 billion (€2.8 billion). In the first quarter of 2022, adjusted EBITDA was around US-$1.6 billion (€1.6 billion).
EBITDA are a company’s earnings before interest, taxes, depreciation of tangible assets, and amortization of intangible assets.
The quarterly adjusted EBITDA by segment are as follows:
- North America Engineered Wood Products: US-$623 million (€610 million)
- Lumber: US-$449 million (€440 million)
- Europe Engineered Wood Products: US-$54 million (€53 million)
- Pulp and Paper: -US-$3 million (-€3 million)
This is according to a press release published by the company.
Outlook for the future
Ray Ferris, West Fraser’s President and CEO, sees the uncertainty regarding the economy as well as rising mortgage rates and energy prices as risks for the future development.
However, we continue to see favorable long-term market fundamentals in support of our wood building products business.
