- Interfor press release ( OTCPK:IFSPF ) (IF:CA): Q4 GAAP EPS of -C$1.40.
- Revenue of C$810.3M (+19.9% Y/Y) beats by C$245.07M .
- Lumber demand moderated during the quarter due in part to rising interest rates across North America, contributing to significantly lower lumber prices quarter-over-quarter.
- Co's average selling price was $699 per mfbm in Q4, down $101 per mfbm versus Q3 2022.
- The decline in lumber prices contributed to the company recording $58.6M in log and lumber inventory valuation adjustments in Q4 compared to $20.5M in Q3 2022.
- Lumber production totaled 874M board feet, representing a decrease of 112M board feet Q/Q.
- Lumber shipments were 939M board feet, or 125M board feet lower than Q3 2022.
- Expects that over the mid-term, lumber markets will continue to benefit from favourable underlying supply and demand fundamentals.
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Interfor GAAP EPS of -C$1.40, revenue of C$810.3M beats by C$245.07M