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Nov 13, 2023

Interfor has Q3 net loss

Interfor Corporation had a net loss of $42.4 million for the third quarter of 2023 compared to net earnings of $3.5 million in the second quarter of 2022. Adjusted EBITDA was $31.9 million compared to adjusted EBITDA of $129.5 million in the third quarter of 2022. Sales for the quarter were $828.1 million versus $1 billion in the prior-year period. The company says lumber production for the third quarter was balanced with demand, totalling one billion board feet, a decrease of 26 million board feet quarter-over-quarter. The decrease was primarily due to the temporary closure of a sawmill in British Columbia as a result of wildfires.

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