Peaking Lumber, Panel Prices Double West Fraser's EBITDA to CAD 532 Million in 2Q
West Fraser Timber posted extremely strong second-quarter results, as wood product prices continued a nearly yearlong rise across North America. Lumber prices have increased more than 40% over the past 12 months, and oriented strand board prices are up 35% over the same period. Despite an uptick in Canadian input costs, a large share of the price increase has padded West Fraser's bottom line. Transportation bottlenecks have kept pricing elevated for longer than we originally expected, so we've r...West Fraser Timber is an integrated wood products company producing lumber, newprint, wood chips, plywood, panels and pulp and paper products.
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