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Sales/Income Fall for West Fraser

By Randy Thoms Jul 28, 2022 | 9:43 AM

File photo/ Supplied by Unifor

West Fraser Timber reached nearly $2.9 billion in sales over the last three months.

The owners of the mill in Barwick ended its second quarter with earnings of over $762 million.

Both numbers are lower than what they were in the first three months of the year.

The company’s North America Engineered Wood Products segment accounted for most of its earnings, with net earnings adjusted to $623 million.

The company cites inflationary reasons as playing a part in the declines

It’s also continues to face transportation challenges.

“The acute transportation challenges facing the company in recent quarters showed signs of improvement in the second quarter in large part because of the dedication and determination of our people,” said company President and Chief Executive Officer Ray Ferris. “Even so, our ability to ship products in a timely manner to meet the demands of our customers is not where it needs to be, and therefore transportation and logistics remain key focus areas for the company.”



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