West Fraser Timber third-quarter earnings, sales lower compared with last year

📆 10/25/2023 4:14 PM
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VANCOUVER — West Fraser Timber Co. Ltd. says it earned US$159 million in the third quarter, compared with US$216 million a year earlier. The Vancouver-based company says sales were US$1.7 billion, down from US$2.

VANCOUVER — West Fraser Timber Co. Ltd. says it earned US$159 million in the third quarter, compared with US$216 million a year earlier.

The Vancouver-based company says sales were US$1.7 billion, down from US$2.1 billion during the third quarter last year.President and CEO Ray Ferris says the third quarter saw a continuation of challenging demand, especially in lumber.He says the company continues to focus on what it can control, such as improving flexibility and lowering costs.The Canadian Press

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