Interfor Experiences Record Lumber Pricing

Interfor Corporation had sales of $849.3 million in the first quarter of 2021, an increase over sales of $479.6 million in the first quarter of 2020. Total lumber sales were 666 mfbm (million board feet) compared to 641 mfbm in the first quarter of 2020. The company experienced record lumber pricing; the average lumber selling price was $1,143 per mfbm in the first quarter, up $301 per mfbm from the fourth quarter of 2020. Net earnings were $264.5 million compared to $6.3 million in the year-ago period.