West Fraser Sales Flat

West Fraser Timber Co. Ltd. had sales of $1.689 billion in the fourth quarter of 2020, basically unchanged from sales in the fourth quarter of 2019. Earnings for the quarter were $366 million or 22 per cent of sales; earning for the year ago quarter were $350 million. Adjusted earnings before tax were $544 million, down from $605 million last year. The lumber segment had operating earnings $503 million for the quarter, up from $454 million in the year-ago quarter. Adjusted earnings before tax were $508 million compared to $552 million. The panels segment had operating earnings of $57 million compared to $47 million. Adjusted earning before tax were $62 million compared to $51 million last year.