Canfor’s sales drop by 12.6% in Q4

Canfor’s sales drop by 12.6% in Q4
For the Q4 2022, Canfor Corporation reported an operating loss of $308.0 million. After taking account of adjusting items, the company’s operating loss for the Q4 2022 was $163.8 million compared to an adjusted operating income of $197.1 million for the previous quarter, largely reflecting a material decline in both the lumber and pulp and paper segment results. Q4 2022 sales were $1,373.3 million, compared to $ 1,571.3 million in the Q4 2021. Canfor’s President and CEO, Don Kayne, said, “After a strong start to the year, unfavourable global lumber ...

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