West Fraser Sales Up 81 Per Cent

West Fraser Timber Co. Ltd. had sales of $2.34 billion in the first quarter of 2021, an increase of 81 per cent compared to sales in the first quarter of 2020. Earnings increased to $665 million, or 28 per cent of sales, from $282 million in the prior year quarter and adjusted earnings before taxes increased to $1 billion from $453 million. The lumber segment had operating earnings of $607 million from $385 million in the fourth quarter of 2020 and adjusted earnings of $646 million compared to $425 million. The North American engineered wood products (NAEWP) segment had operating earnings of $299 million in the first quarter compared to $44 million in the fourth quarter of 2020 and adjusted earnings of $353 million compared to $48 million.