Interfor Corporation (“Interfor”) recorded net earnings in 3Q 2018 of $28.1 million, or $0.40 per share, compared to $63.8 million, or $0.91 per share in 2Q 2018 and $16.8 million, or $0.24 per share in 3Q 2017. Interfor increased 3Q 2018 sales to $570.5 million, compared to $489.2 million in the 3Q 2017.
Adjusted net earnings in 3Q 2018 were $28.2 million or $0.40 per share, compared to $68.9 million, or $0.98 per share in 2Q 2018 and $20 million, or $0.29 per share in 3Q 2017.
Adjusted EBITDA was $69.4 million on sales of $570.5 million in 3Q 2018 versus $123.8 million on sales of $619.9 million in 2Q 2018. In comparison to the 3Q 2017, Interfor posted improved results across most key metrics, including an $8.9 million or 15% improvement in Adjusted EBITDA, an $11.3 million or 67% increase in net earnings and a 29 million board foot rise in lumber production.
Interfor is a growth-oriented lumber company with operations in Canada and the United States. The Company has annual production capacity of approximately 3.1 billion board feet and offers one of the most diverse lines of lumber products.