Western Forest Products Income Rises

Western Forest Products Inc. had net income of $42.2 million for the third quarter of 2021, up from net income of $11.5 million in the third quarter of 2020. Adjusted earnings before taxes were $66.3 million compared to $33.7 million and operating income was $53.5 million compared to $19 million. Lumber revenue rose 44 per cent year-over-year due to increased lumber shipments and significantly improved prices across all product segments. Lumber production of 175 million board feet for the quarter was nine per cent lower than the third quarter last year, due to log supply-related operating curtailments.