Canfor

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LP Buys Canfor's Share in OSB Joint-Venture

LP Corp. announced Thursday that it has agreed to buy Canfor's 50% share in the company's Peace Valley OSB joint venture in Fort St. John, British Columbia, for C$75 million, making LP the mill's sole owner. Read more

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Canfor's 2Q Net Shrinks on Lumber Losses

Driven by a swing to a loss in its lumber segment, Canfor Corp.'s overall net income fell 18.9% in the second quarter from the year-earlier period to reach to C$26.2 million (US$27 million) on a 2.5% drop in sales to C$619.1 million (US$637.7 million). Read more

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Canfor's 1Q Net Dips Despite Sales Increase

Canfor Corp.'s net income slipped to C$32.3 million (US$32.8 million) in the first quarter from C$35.5 million (US$34.1 million) in the year-earlier period, even though sales jumped 7.9% to C$624 million (US$632.7 million). Read more

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Canfor's 3Q Net Soars

Canfor Corp.'s net income increased roughly eight-fold to C$33.5 million (US$32.8 million) in the third quarter from C$4.1 million in the year-earlier period. Sales rose 13% to C$588.7 million (US$576.3 million). Read more

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2Q Earnings Roundup: Brief Sunshine Before More Clouds

Earnings reports for second quarter of this year showed robust gains in sales and profits at North America's lumber producers, typically because of the runup in OSB prices and the brief rise in U.S. housing starts. Read more

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Canfor's Lumber Ops Move Back into the Black in 2Q

Canfor's lumber operations swung to a C$17 million (US$16.5 million) operating profit in the second quarter from a C$12 million loss in the year-earlier period, in part because sales rose 17.1% to C$336.9 milion. Read more

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Canfor Swings to 1Q Profit

Canfor Corp.'s lumber segment reported EBITDA of C$34 million (US$32.7 million) in the first quarter, swinging from a year-earlier EBITDA loss of C$68.8 million (US$65.2 million). Sales rose 10.7% to C$292 million (US$280.6 million). Read more

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