A challenging 2021 challenges company sales
In fiscal 2021, West Fraser Timber Ltd’s (West Fraser Timber) annual sales reached $10.5 billion, with earnings reaching $2.9 billion. The company also contended with the complexities of significant transportation and mill disruptions in the face of unprecedented flooding in the British Columbia interior and Vancouver lower mainland, which severely disrupted transportation and logistics and the flow to markets of our finished products from western Canada. Adjusted EBITDA1 improvement from the company’s lumber business helped to offset declines in our North America and Europe Engineered Wood Products segments in 2021.
StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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