Interfor Reports 2018 Results

EBITDA(1) of $280 million and Net Earnings of $112 million in 2018
NCIB Purchases of 2.3 million Shares for $37 million in 2018
Net Debt to Invested Capital(1) of 6%

INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) recorded net earnings of $111.7 million, or $1.60 per share, in 2018, compared to $97.2 million, or $1.39 per share in 2017. Adjusted EBITDA was $280.4 million on record annual sales of $2.2 billion.

Interfor recorded a net loss in Q4’18 of $13.2 million, or $0.19 per share, compared to net earnings of $28.1 million, or $0.40 per share in Q3’18 and $36.2 million, or $0.52 per share in Q4’17. Adjusted net loss in Q4’18 was $19.8 million compared to Adjusted net earnings of $28.2 million in Q3’18 and $45.1 million in Q4’17.

Adjusted EBITDA was $6.2 million on sales of $468.5 million in Q4’18 versus $69.4 million on sales of $570.5 million in Q3’18.
details at: http://www.interfor.com/sites/default/files/docs/reports/Press%20Release%20Q4%2718%20SEDAR.pdf

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