Subscribe/Advertise/Contact Us/Links/Digital Editions
BIESSE 2025 Feb Leaderboard
Site Menu

Interfor reports record Q2 '21 results

Share this story

Canada’s Interfor Corporation, one of the largest lumber producers in the world, has recorded Net earnings in Q2 ’21 of $419.2 million, or $6.45 per share, compared to $264.5 million, or $4.01 per share in Q1 ’21 and $3.2 million, or $0.05 per share in Q2 ’20.
Adjusted net earnings in Q2 ’21 were $433.5 million compared to $270.6 million in Q1 ’21 and $10.6 million in Q2 ’20.
Robust lumber prices in North America and strong operating performance during the second quarter of 2021 led to Interfor realizing record financial results, including records for net earnings, adjusted EBITDA and cash flow from operations.
Adjusted EBITDA was $611.3 million on sales of $1.1 billion in Q2 ’21 versus $392.1 million on sales of $849.3 million in Q1 ’21. $484.5 million of cash flow was generated from operations before changes in working capital, or $7.46 per share.
These record financial results bolstered Interfor’s balance sheet and enabled the deployment of a significant amount of capital in the quarter. Interfor’s balanced approach to capital allocation included growth through a four-sawmill acquisition and strategic capital expenditures, and rewarding shareholders with returns of capital through share repurchases and a special cash dividend.
Even with a significant amount of capital deployed in the quarter, Interfor’s balance sheet remains very well positioned to support further strategic investment. Net debt ended the quarter at $(490.7) million, or (46.1)% of invested capital, resulting in available liquidity of $1.2 billion.

Proudly serving the industry since 1987
KCD March25 Right Banner
BLUM January 2025 ECODRILL
NR MURPHY Jan 2023 Right Banner
VENJAKOB March25 Right Banner_LIGNA
FESTOOL April 2025 SYSAIR
SUGATSUNE APRIL 2025 RIGHT BANNER
AWFSFair 2025
Felder 2021 Homepage Right
Interzum 2025 Right Banner
Taurus Craco New LOGO July30_24
SMC Group January 2025 RIGHT BANNER
CNC Automation OMAL Feb 2025
Akhurst Banner Dec 2021
GRASS Jan 2024 Banner References
© KLEISER MEDIA INC., 2025 Woodworking Magazine