West Fraser Has Strong Quarter

Second quarter sales for West Fraser Timber Co. Ltd. increased 61 per cent to $3.779 billion compared to the first quarter of 2021. Earnings increased to $1,488 million from $665 million, and the earnings before interest, taxes, depreciation, and amortization went up to $2.16 billion from $1.008 billion in the previous quarter. The company’s lumber segment had operating earnings of $955 million in the second quarter, compared to $607 million in the first quarter. The North American EWP (engineered wood products) segment had operating earnings of $1,017 million compared to $299 million.