INTERFOR CORPORATION recorded net earnings in Q4’16 of $26.6 million, or $0.38 per share, compared to $15.1 million, or $0.22 per share in Q3’16 and a loss of $3.5 million, or $0.05 per share in Q4’15. Adjusted net earnings1 (which takes into account the effects of share-based compensation expense and non-recurring items) in Q4’16 were $17.7 million or $0.25 per share, compared to $20.7 million, or $0.30 per share in Q3’16 and $4.5 million, or $0.06 per share in Q4’15. Adjusted EBITDA was $51.3 million on sales of $442.3 million in Q4’16 versus $58.1 million on sales of $457.6 million in Q3’16. click Read More below for additional detail
The American Forest & Paper Association (AF&PA) applauds Sen. John Boozman (R-AR) and Rep. Bruce Westerman (R-AR-04) as they tour Arkansas counties this week on their #SeedToSawmill tour. The tour will promote forest health and highlight the industry’s deep economic benefits to the state of Arkansas. They will examine each aspect of forestry, from the planting to its use in products such as paper and building materials.
Both legislators have a strong history of support for and leadership on behalf of the paper and wood products manufacturing industry, and each has a 100 percent voting record with AF&PA.
Sen. Boozman is Co-chair of the Senate Paper and Packaging Caucus, and the Senate Recycling Caucus. He has been a champion in the Senate on pushing EPA, USDA, and DOE to recognize the carbon neutrality of the renewable biomass energy our industry produces. Last fall, he joined other Senators in publicly supporting 2015’s National Forest Products Week. Additionally, Sen. Boozman has been a vital leader in protecting the integrity of the recovered fiber stream.
Rep. Westerman knows the forest products industry well: he holds a Master of Forestry degree from Yale University and worked as an engineer and forester for 22 years. He also represents the congressional district with the highest number of forest products industry employees in the country. He serves as a key member of the Congressional Paper and Packaging Caucus and Co-Chairs the Working Forests Caucus. He has been a steadfast leader in the U.S. House of Representatives in advocating for the federal policies that recognize and support the industry’s production and use of carbon neutral biomass energy.
In Arkansas alone, the forest products industry supports about 20,000 direct jobs at pulp, paper, and wood products manufacturing facilities, with a more than $1 billion annual payroll. There are six pulp, paper and paperboard mills, and 56 paper-converting facilities. Two AF&PA member companies will be a part of the tour: the El Dorado, AR Del-Tin Fiber Plant, and the Evergreen Packaging Pine Bluff Mill.
“Arkansas produces $6.8 billion in paper and wood products, playing a vital role in the forest products industry,” said AF&PA President and CEO Donna Harman. “We appreciate Senator Boozman and Representative Westerman’s support of this industry in their state and their work to see the on-the-ground issues facing the industry. This is truly representative government as our elected representatives remain in touch with the people and businesses they represent in Washington on behalf of the state of Arkansas.”