Home Brand News West Fraser Announces 2018 Annual and Fourth Quarter Results

West Fraser Announces 2018 Annual and Fourth Quarter Results

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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. Lumber markets have begun to recover in the first quarter of 2019 and we remain encouraged by the long-term outlook for lumber as we focus on the activities that generate the best outcomes for all our stakeholders.”

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